Bernamapix
PETALING JAYA: Since home ownership is essential for financial security, rent-to-own schemes should be given greater emphasis.
National House Buyers Association (HBA) secretary-general Datuk Chang Kim Loong told
theSun that such schemes would help low-income earners to achieve their dream of owning their own property.
“HBA has in the past pushed for both the government and private developers to implement this social housing scheme to help the B40 and M40 to purchase their first house.”
He also called for more awareness on the financial implications of buying a house.
While home ownership by low-income households is a priority, issues such as financial management should not be left out as owning a home is among the biggest financial commitments compared with renting.