There is a value proposition to establish a rental law in Malaysia to develop a more robust housing rental market, said Second Finance Minister Datuk Seri Johari Abdul Ghani.
He said rental law is one of the suggestions made by Bank Negara Malaysia and it is something that needs to be discussed with the Housing Minister and the Domestic Trade, Cooperatives and Consumerism Minister.
“We don’t have one (rental law). It’s important to have rental law. The rental markets in the developed countries are robust. In Malaysia, only 24% of households rent,” he told reporters at the 20th National Housing & Property Summit 2017 here last Friday.
“Society has to correct the stigma – renting is not the last resort, it is simply a choice.”
MediaTitle: The Sun
Date: 09 Oct 2017