Govt to explore shared ownership model
Housing and local government minister Nga Kor Ming says changing employment and income patterns mean that housing financing needs to become more flexible and inclusive.
Housing and local government minister Nga Kor Ming announced the government's intention to investigate the shared ownership model as part of a broader strategy to enhance housing financing options. Speaking at the launch of the National Housing Policy 2026-2035, Nga emphasized the necessity for a more adaptable and inclusive approach to housing financing due to evolving employment and income patterns.
The shared ownership model, already implemented in the UK, allows individuals to acquire a portion of a property through mortgage and deposit, while paying a subsidized rent for the remaining share. This scheme aims to provide Malaysians with greater flexibility in financing their homes. In addition to the shared ownership model, the government will continue exploring other viable financing options such as rent-to-own and fixed-rate mortgages, as well as other instruments tailored to market requirements.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
