The government is looking to expand the rent-to-own scheme for the bottom 40 per cent income (B40) group on government-owned properties.
Housing and Local Government Minister Zuraida Kamaruddin said this would help ease the burden of low-income earners who were facing difficulties in obtaining housing loans.
“Currently the government has transit houses (to cater to their needs) but once they move out (of the B40 category), they can find a property that they could afford,” she told reporters after the Real Estate and Housing Developers’ Association Malaysia (Rehda) Annual Dinner 2018 here Thursday.
Besides the RTO, Zuraida said the B40 could also find properties priced RM160,000 and below which required them to pay about RM600 per month.
Media Title: Bernama Post (Kuching)
Date: 24 Nov 2018