Crowdfunding ‘not home-buying scheme’

Cagamas Bhd president and CEO Datuk Chung Chee Leong said:

PETALING JAYA: Crowdfunding schemes that are an alternative to bank loans in funding a house purchase are investments and not home-ownership schemes.

Cagamas Bhd president and CEO Datuk Chung Chee Leong said: “I am not against crowdfunding. It can benefit some people and there is space for this form of funding.