PR1MA Houses Are 20% Cheaper. Are You Eligible?
Good news for all the middle-income earners who plan to buy a house soon! For those who earn a total household income of RM2,500-RM7,500 per month can now apply for the registration of the 1Malaysia People Housing programme, or more fondly known as PR1MA. The latest PR1MA project in Alam Damai, Cheras is expected to be completed by 2016. 'Follow this story' to get the latest developments on the PR1MA project.
By queenwa — 11 Mar 2013, 05:41 PM — Updated almost 11 years ago
Initiatives to boost affordable housing can be improved
“I don't think PR1MA should be applicable to those who already own one property.It should only be for first time house buyers.” -National House Buyers Association (HBA) secretary-general
thestar.com.my
PR1MA homes are 20% cheaper
“If we buy a car today, tomorrow the value will drop, but if we get a PR1MA house today, tomorrow we may get a profit of 20 to 30 percent.”
“The prices will be below market price, and will be the same for everyone, without quotas or discounts of any kind,” Abdul Mutalib said.
thestar.com.my
Eligilibity for PR1MA houses
Check this website for registration.
Open to Individuals or Families (husband and wife) with an average monthly household income of between RM2,500 – RM7,500 and those who currently own no more than one property.
Applicant must be a Malaysian citizen and must be at least 21 years old at the time of the application.
Impact of PR1MA houses
Najib: "It is the right of all Malaysians to own their own homes. As the government, we are doing all we can to make the dream a reality."
nst.com.my
“We have had enough of renting. We are looking for a more comfortable house as our children have grown up. It is not suitable to live in a small flat,” said a mother of five.
pr1ma.netFor properties above 300K, people may be willing to find ways to overcome the restrictions rather than buying those above 300K.
1Malaysia People's Housing Programme (PR1MA) can affect property prices, especially those less than 300k.
Location of PR1MA houses
PR1MA's plans to build 50,000 homes across strategic locations in the Klang Valley, including Cheras, Bukit Jalil, Sungai Besi, Brickfields, Jelatek, Glenmarie, Putra Heights, Cyberjaya and Setapak.
thestar.com.my
The housing project under the 1Malaysia People's Housing Project (PR1MA) and situated in the heart of Alam Damai residential area, consists of eight apartment blocks.
nst.com.my
Nusantara Prima is an exclusive development spanning across 266.58 acres in the burgeoning Bandar Nusajaya, which is a key residential hub for the southern region of Malaysia.
Types of PR1MA houses
Each unit would be sold between RM150,000 and RM300,000 depending on location and size, and the size of each unit would be between 800 and 1,400 square feet with three bedrooms and two bathrooms.
1malaysia.com.my
The first PR1MA scheme in Presint 11 provides 560 apartment units on 7.6 acres of land.
1malaysia.com.my
About PR1MA Projects
His vision is to rebalance assistance to the rakyat in both rural as well as urban areas. PR1MA is one of various initiatives implemented to help the rakyat manage costs of living in urban areas.
Perumahan Rakyat 1Malaysia (PR1MA) Berhad was established under the PR1MA Act 2012 to plan, develop, construct and maintain affordable lifestyle housing for middle-income households.