Rent-to-own way to reset affordable homes issue

PETALING JAYA: The concept of affordable housing in Malaysia needs a complete reset, with ”rent-to-own” (RTO) schemes being an effective to way improve the lives of the lowest income group (B40) nationwide, property expert believe.

Alpha REIT Managers chairman Datuk Stewart LaBrooy said the reset was needed as the term “affordable housing” in Malaysia was an oxymoron. “It doesn’t exist, ” he said. “How do you sell a house to a person who does not have money?