Is Sharing Home Ownership The Way Out For Penang?

loading The Combe in London.

Something needs to be done about the housing market. That much is clear. But what? Rethinking the concepts and studying solutions implemented in other countries are definitely needed. Stuart Macdonald takes a look at an alternative successfully tried in the UK.

Public housing in East Asia has traditionally been distinct from European social housing. A Unitary system in Western Europe stems from a conception of social welfare that aims to provide housing at affordable prices for the population as a whole, while a Dualist system found in East Asia assumes that housing needs will largely be met by the market and social housing interventions are thus extended only to those on the margins of society, for whom the market is unable to deliver decent or affordable housing.

It is time to rethink these concepts.


To read the rest of the article and to access our e-Archive, subscribe to us for RM150 a year.



Related Articles

FEATURE
Apr 2016

Penang a Mecca for Marathoners?

Bukit Mertajam becomes host to an ultra marathon – the only one with a 100-mile trail event.

FEATURE
Apr 2010

Placing Penang in Asia

Penang and Malaysia must give serious thought to what their international roles should be in the near future.

FEATURE
Jul 2015

A record of Penang’s love of popular music

From P. Ramlee to pop-yeh-yeh, there's a book that captures the heydays of Penang's music scene.

FEATURE
Mar 2013

How far can Indonesia's consumption-driven growth go?

Indonesia’s rapid growth rate may be impressive, but is it sustainable?