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Middle-income group in need of rent-to-own schemes

Mimi Sabreena 9:00:00 AM Informasi

KUALA LUMPUR: National House Buyers Association of Malaysia (HBA) said the middle-income group in Malaysia is in dire need of rent-to-own schemes, warning that the country could face a housing crisis in the form of a “homeless generation”.

HBA honorary secretary-general Chang Kim Loong said most new properties launched by developers are not within the affordable range, which he denoted to be between RM150,000 and RM300,000 with a build-up of at least 800 sq ft with three bedrooms.

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