A limited retirement solution

NATIONAL mortgage corporation Cagamas Bhd’s rollout of a second reverse mortgage scheme, the Skim Saraan Bercagar Bertempoh, is likely to cater to only a small fraction of the country’s ageing population that is “house-rich, cash-poor”.

This is because the residential properties most likely to generate a meaningful amount of cash are those in neighbourhoods where housing continues to be in demand and can, therefore, command higher prices.