Minister wants to take Home Ownership Campaign to China, HK

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Housing and Local Government Minister says she is considering a campaign to get people in China and Hong Kong to buy unsold higher-end properties in Malaysia. FMTNews

KUALA LUMPUR: Putrajaya may organise another Home Ownership Campaign , only this time for buyers in China and Hong Kong, said Housing and Local Government Minister Zuraida Kamaruddin.“I was thinking of the unsold units in the high-end market, now we have RM100 billion worth of it,” she told reporters on the side lines of the Smart Cities Asia 2019 conference.

Homes here, she said, were cheaper than in Hong Kong and gave the example of a 250 sq ft flat she saw there which cost RM3 million.She said she would still need to discuss the matter with the Cabinet and that she wanted to get Tourism, Arts and Culture Minister Mohammadin Ketapi involved.

“When they enter this rent-to-own scheme, they enter an ownership scheme, because banks will look at their payment track record and give approval for bank loans in the future.”

 

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zuraida_my is unbelievable!

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