PETALING JAYA, 17th October 2013 - Perbadanan PR1MA Malaysia (PR1MA) made further strides in delivering its mandate to address the shortage of high quality affordable homes for middle income earners, by approving another 15 development projects, which translates to 18,270 homes. These additional development approvals add to the previously announced 15 projects, taking the number of affordable homes that will be developed by PR1MA to 38,757 to date.
PR1MA Chief Executive Officer Dato’ Abdul Mutalib Alias said the new developments reiterate PR1MA’s commitment to alleviating cost of living for middle income earners with some of the projects being located in integrated developments incorporating retail space and public transport facilities.
“The projects are in line with our vision of nurturing communities equipped with necessary facilities, amenities and access as way to a good quality of life,” he said.
The developments approved are located in Selangor, Johor, Perak, Pahang and Sabah. Six of the approved projects are in Putra Heights, Jelatek, Pandan Indah, Pandan Jaya, Glenmarie and Cempaka, to be developed in partnership with Syarikat Prasarana Negara Berhad (Prasarana). The developments in these locations would incorporate LRT facilities and retail areas as part of a concerted effort by both companies to relieve the cost of living for homeowners.
“PR1MA and Prasarana continue to hold discussions towards finalising the agreements,” said Dato’ Abdul Mutalib.
Dato’ Abdul Mutalib urged companies from both the private and public sector to come to the fore in partnering with PR1MA to address the shortage of affordable homes for middle income earners.
“Prasarana’s willingness to partner with PR1MA bodes well with our intention of alleviating the cost of living for middle income earners. It’s a holistic approach that not only addresses the issue of affordable housing but their daily cost of living in general.” he further added.
As PR1MA looks to roll out more projects by the end of the year, those who have not registered online are encouraged to do so for the opportunity to own a PR1MA home. To register and get more information on PR1MA Homes, please visit www.pr1ma.my.
To be eligible for a PR1MA Home, applicants must meet several key criteria. Applicants need to be a Malaysian citizen aged 21 years and above, with preference given to residents in the area were the PR1MA development would be built.
They should also have an individual or combined gross household income of between RM2,500 and RM7,500 a month to qualify. Additionally, they should not own more than one property in Malaysia.
Eligible applicants must apply for the balloting of the homes through the PR1MA registration system via www.pr1ma.my. Applicants are also required to submit the relevant documents for screening purposes.
End financing for the homes are to be arranged by the successful applicants themselves. There is a 10-year moratorium, whereby the properties cannot be sold or transferred to another party. The homes must be owner-occupied and no subletting would be allowed.