Tong: FundMyHome is an option for homebuyers, not a solution for all
PETALING JAYA (Nov 15): FundMyHome is not designed to be a solution for all potential homeowners, said EdgeProp Sdn Bhd chairman Datuk Tong Kooi Ong.
FundMyHome will not lead to a subprime crisis, says Tong
KUALA LUMPUR (Nov 15): EdgeProp Sdn Bhd chairman Datuk Tong Kooi Ong said the FundMyHome platform, which provides an alternative form of financing for first-time homebuyers, will not lead to a subprime crisis and would in fact have the reverse effect.
Alternative solutions are worth consideration
With Malaysia's median household income of RM5,228 in 2016, RM188,208 should be the maximum affordable house price, when utilising Demographia International's Median Multiple (MM) method in which homes are considered affordable only if it is less than three times the household median annual income.
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Own a home with just 20% of the house price? How FundMyHome works
SEMENYIH (Nov 4): Homebuyers under the FundMyHome scheme not only has the opportunity to own a home at only 20% of the house price but could also tap the robust property market to enjoy investment return, said The Edge Group Chairman Datuk Tong Kooi Ong.
First-of-its kind innovative homeownership scheme launched for first-time homebuyers
SEMENYIH (Nov 4): Every family deserves a decent shelter over their heads but there are some of them who just can’t afford one, hence, the market needs an inclusive scheme that could bring all the stakeholders together to help those in need to find their ideal home while resolving the problem of market supply mismatch, said The Edge Media Group chairman Datuk Tong Kooi Ong.
