Selangor looking at insuring private low-cost flats
PETALING JAYA (Nov 19): The Selangor authorities are planning to get an insurance company to provide coverage for private low-cost, high-rise homes, reported The Star today.
FundMyHome is 'no free lunch'
PETALING JAYA (Nov 18): EdgeProp Sdn Bhd chairman Datuk Tong Kooi Ong emphasised that FundMyHome is an alternative scheme that enables homeownership among first time homebuyers in Malaysia and not about giving the group a "free lunch" on the government's dime.
A good scheme to own a home at lower entry cost, say attendees of FundMyHome public forum
PETALING JAYA (Nov 18): The FundMyHome public forum moderated by EdgeProp Sdn Bhd chairman Datuk Tong Kooi Ong has offered a clearer picture of how the scheme works and has won more support from the public, according to attendees of the event today.
FundMyHome 'bold and innovative idea', says news portal
KUALA LUMPUR (Nov 17): The news portal Digital News Asia (DNA) has described the FundMyHome platform as a "bold and innovative idea" that could hopefully spark "other established entrepreneurs to think out of the box and come up with their own innovative, boundary pushing ideas on solving market issues".
Objections to FundMyHome reminiscent of online share trading launch, says Tong
Since the Nov 4 launch of FundMyHome, naysayers have abounded.
重点报道：史无前例的拥屋方式 - FundMyHome平台已推介
The Edge Media Group主席拿督Tong Kooi Ong指出，每个家庭都应有一个像样的居所，但有些人却没有能力负担，因此，市场需要一个能够集合各界人士资源的计划，以帮助这些家庭找到理想的家居，同时也协助解决市场供需失衡的问题。 他强调，供应不足并不是造成房价不断攀升的原因，真正的问题在于世界上所有的消费者，包括马来西亚在内，都有太多的财务负担，因此才没有能力借贷买房。 他在FundMyHome.
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.
Rehda Institute, MRMA to set up residential REIT to provide rental housing
KELANA JAYA (Nov 13): Rehda Institute is looking at introducing a Residential Real Estate Investment Trust (REIT) which could provide more rental housing to the B40 income group.
Govt should promote rent-to-own concept to boost homeownership
KELANA JAYA (Nov 13): The Housing and Local Government Ministry (KPKT) should take the initiative to work with the private sector to promote the rent-to-own concept or other alternatives to encourage homeownership without over-stretching the finances of individuals instead of increasing affordable housing supply, said Socio-Economic Research Centre (SERC) executive director Lee Heng Guie.
