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Affordable homes? Measures to help the rakyat own a home of their own.

affordable property

Affordable homes? Ceiling property price may be coming soon and more.

It’s very important for everyone to realise that renting is not a great way to have a roof over one’s head. Staying under the bridge is also not. Some argue that mortgage is more expensive than paying rental every month but mortgage has an end.

Perhaps it’s 35, 30 or even 35 years but there is an end. Once it reaches the end, the property is now an asset which could be turned into cash if needed. Meanwhile rental is lower versus monthly mortgage but this is forever and it will continue for generations. So, measures to assist first-time home buyers is always welcomed.

Article in Property price for affordable homes especially in urban areas will soon have a ceiling price. This is to control the price of these affordable homes so that it remains accessible to the selected target groups. This was reported by MalaysiaKini.

Under the 12MP, it was stated that “A comprehensive database of affordable homeowners will be established to monitor homeownership while the existing housing financing schemes will be improved to assist the B40 and M40 households to own houses.”

Beyond just the price control, the government will continue to prioritise providing better access to affordable housing to the rakyat by increasing access to house financing as well while existing housing financing schemes will be improved to assist the B40 and M40 households to own houses.

Rent-to-own programme will be expanded to cover houses priced up to RM500,000. For first house purchases, the Fund for Affordable Homes and Youth Housing Scheme will continue to be provided for financing. The full article is here: Article in

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We really need to ensure the targeted group gets the assistance needed

The affordable homes should not be purchased by those who already have properties just so that they could rent these out to the ones who could not afford them even if the prices are already affordable.  Sometimes, if it’s not possible to buy, then rent-to-own schemes must be promoted so that there’s a chance for the renter to own the house in the future.

If this is still not possible, then there must be homes which is owned by the government and the ones who qualify pay a nominal amount to rent them. If this can be done, then at least these poor households could still afford to save money which would have been otherwise spent as rental. Just keep doing everything possible to help these poor households have access to affordable homes. Buy if possible, else rent as cheaply as possible. They are fellow Malaysians too.

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Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.


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