Dr M: Property crowdfunding will help build one million affordable homes


  • Nation
  • Sunday, 04 Nov 2018

SEMENYIH (Bernama): Tun Dr Mahathir Mohamad is confident that the "property crowdfunding" solution announced in Budget 2019 can drive the building of one million (affordable) houses in 10 years as promised by Pakatan Harapan in their manifesto for the 14th General Election (GE14).

The Prime Minister said the scheme, the first of its kind in the world, offered first time home buyers the chance to pay only 20% to own a house with the remaining 80-% will be borne by investors via the peer-to-peer financing framework.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Cops identify suspect involved in Setia Alam mall shooting
Traffic cops praised for rescuing injured stray dog in Bahau
5% of Rukun Tetangga areas nationwide inactive, says Unity Ministry sec-gen
Bersatu’s ‘snap election’ remark a mere gimmick, says Khaled Nordin
CIMB pledges RM3.6mil at four People’s Housing Projects
Cleaner shot in the leg at Setia Alam mall
Financial gurus or snake oil salesmen?
Net weight on full display
Sarawak Premier eyes state’s own AI model
Keeping up with technology

Others Also Read