No monopoly in FundMyHome scheme, says Tony Pua

Yasmin Ramlan

Political secretary to the finance minister Tony Pua says the FundMyHome scheme is no a monopoly and other companies can form the same platforms to meet the demands of the public. – The Malaysian Insight file pic, November 9, 2018.

THE crowdfunding platform to allow people to buy homes, introduced in Budget 2019, is not a scheme which will be monopolised by a single private entity, said Tony Pua.

Pua, who is political secretary to the finance minister, said the crowdfunding platform will be opened to all developers in future projects.

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  • Just be honest about it. The one that benefits most are developers who are getting cash upfront for inventory that previously can't be sold so that they can continues to overbuild and defer the problem a couple of years down the road.

    Posted 5 years ago by Hisham Mokhtar