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


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.

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