Would rent-to-own be the solution to housing affordability woes?

New brand: A sample of affordable homes as part of the Rumah Selangorku programme. S P Setia plans to launch such houses in Setia Alam in Shah Alam which will be priced at RM170,000 a unit with a built-up area of about 800sq ft, and RM200,000 for units with a built-up area of about 900 sq ft.

IT comes as no surprise that housing woes are among the key talking points in the country. Malaysians have in recent times said just how expensive it is to buy a house, and data would show that house affordability in Malaysia has reached severe levels.

For many, the housing market is at a state where market demand does not mesh with supply, and to find a solution, Bank Negara met with people who are involved in the industry.