Land-sharing hybrid models for low-cost housing

Purpose This study aims to develop a hybrid public private partnership (PPP) and real estate investment trust (REIT) model that can resolve the housing shortage issue, especially for low-income families. Design/methodology/approach This study reviews relevant literature to develop the frameworks and validate through industry interviews. Findings The hybrid model helped simplify the mechanism for using the expertise and investment (directly or indirectly) of the private sector. The analysis of data collected from experts in the public and private sectors helped to develop a framework of hybrid public and private partnership models that delineated the roles and responsibilities of both sectors. Research limitations/implications There is an opportunity to apply the developed model in case study research. Practical implications The developed models are useful for financing the low-cost housing. Social implications This study explored the opportunity to achieve low-cost housing for low-income families. Originality/value The developed models are based on PPP and REIT, which have not been explored in previous literature.