{
  "id": 12535500,
  "title": "Belanjawan 2027: Perluas skim sewa beli ke seluruh negara, kata kumpulan advokasi",
  "url": "https://urgent.news/2026/10/07/belanjawan-2027-perluas-skim-sewa-beli-ke-seluruh-negara-kata",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-07T02:57:54.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/bahasa/tempatan/2026/10/07/belanjawan-2027-perluas-skim-sewa-beli-ke-seluruh-negara-kata-kumpulan-advokasi"
  },
  "original_language": "en",
  "account": "REACH, a real estate advocacy group, has urged the Malaysian government to expand the Rental-to-Own (RTO) scheme nationwide in the 2027 budget to assist low-income individuals and those with irregular incomes in securing affordable housing. According to the group, the government should also provide funds to purchase suitable homes for eligible buyers to add to the scheme, in addition to expanding collateral guarantees for those who can afford monthly payments but fail to meet traditional bank loan requirements.\n\nIskandar Abdul Samad, the coordinator of REACH, emphasized that the scheme should prioritize B40 and M40 households, as well as those with irregular incomes, ensuring that monthly payments are truly affordable based on household income. The fundamental goal of national housing is not merely to construct more homes, but to ensure that those in need can truly afford to own a home, said Iskandar, who was formerly the executive committee member for housing in Selangor.\n\nHe noted that many low-income and simple households fail to secure housing loans due to self-employment, involvement in the gig economy, irregular incomes, or not meeting bank loan requirements. Some may be able to afford monthly rents of RM800 or RM1,000, but are still deemed ineligible for housing loans when applying. According to Iskandar, potential models include the government or a government housing agency purchasing suitable owned homes from individuals who can afford the payments and then offering them through the RTO scheme, with ownership transferred to the recipient after successful payment completion. However, Iskandar stressed that the selection of projects must be based on genuine housing needs, suitable location, stable price, and quality, rather than allowing builders to take advantage of the scheme to offload unsold units.\n\nAnother approach, Iskandar suggested, is for the government to act as a guarantor for those who can afford monthly payments but fail to meet traditional bank loan requirements. This approach has already been implemented through the Housing Credit Guarantee Scheme (SJKP), which continues to be pursued and strengthened in the 2026 budget to help first-time homebuyers, including those without stable incomes. The RTO scheme under the People's Housing Program (PPR) was approved by the Cabinet in 2016 to assist those who failed to obtain financing from financial institutions. As of last April, the scheme was still operational in Kedah, Kelantan, Pulau Pinang, Negeri Sembilan, Selangor, Terengganu, and Kuala Lumpur. In August, Housing and Local Government Minister Nga Kor Ming stated that the government will continue to explore the RTO scheme, along with promises of fixed interest rates and suitable financing instruments aligned with the changing nature of work and income. The government will also investigate the shared ownership model to provide more options and flexibility for Malaysian citizens in financing home purchases. The model used in the United Kingdom allows buyers to own a portion of the property through a housing loan and deposit, while the remaining share is paid through a subsidized rental.",
  "summary": "REACH berkata kaedah pembiayaan lebih fleksibel diperlukan bagi membantu golongan berpendapatan rendah dan sederhana yang sukar mendapatkan pinjaman bank.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Belanjawan 2027: Perluas skim sewa beli ke seluruh negara, kata kumpulan advokasi",
        "url": "https://urgent.news/2026/10/07/belanjawan-2027-perluas-skim-sewa-beli-ke-seluruh-negara-kata-12538272",
        "published": "2026-10-07T02:57:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}