PETALING JAYA: Singapore has one of the most successful affordable housing models in the world and it is the right move for Malaysia to seek assistance from the republic, said Yayasan My First Home Foundation (YMFH).

“YMFH is in full support of the idea as the foundation believes that Singapore has one of the most successful affordable housing models in the world,” said its general manager Nambee Ashvin Nambiar.

YMFH, which was launched last year, was founded by tycoon Tan Sri Vincent Tan, who is also the founder of Berjaya Corporation Berhad.

It aims to promote and facilitate the development of affordable housing and home ownership by the B40 group, including squatters and the indigenous community.