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.

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