Kuala Lumpur, 28 January 2016 - Perbadanan PR1MA Malaysia (PR1MA) is optimistic that the initiatives announced by the Prime Minister in the Budget 2016 recalibration speech today could further boost home ownership among the country’s middle-income earners.
Among the Initiaves that could help ease some of the rakyat financial burden include the reduction in EPF contributions by employees by 3% and up to RM2,000 tax relief to those earning monthly income of RM8,000 a month and below.
PR1MA Chief Executive Officer Dato' Abdul Mutalib Alias said, "Hopefully, these initiaves could provide some form of financial relief for the rakyat, and eventually encourage them to set aside the extra cash towards owning a home," he said.
Meanwhile, Abdul Mutalib said PR1MA is fully committed and supports the call made by the Prime Minister to hold the Jelajah Ekspo Pemilikan Rumah Bersepadu - a homeownership expo to showcase the various affordable housing programmes, of various categories, carried out by the Housing Ministry, PR1MA, PPA1M, SPNB, relevant state and government agencies, as well as the private sector nationwide.
"For the past three years, we have been working and engaging with the state government to get our projects off the ground. We are now ready to show what we have and start selling our homes to our target market. That will be our focus for 2016."
"The expo would be a good platform to show the public the multitude of choices they have in affordable housing. There are many types of housing that can suit various budgets."
"To date, a total of 74,399 units of PR1MA homes are already in various stages of construction. Of this, 10,000 units of homes are expected to be completed by 2016," he added.