SUNGAI PETANI, 17 January 2017 – Prime Minister Dato’ Seri Najib Razak today announced a revision in the income eligibility criteria of PR1MA homes as well as the reduction in its moratorium period.
With immediate effect, the maximum income eligibility to purchase PR1MA homes has been revised upwards to RM15,000 monthly per household from RM10,000 previously.
On top of this, the moratorium period imposed on PR1MA home owners has also been reduced from 10 years to five years.
Under the moratorium period, PR1MA Homes must be owner-occupied and cannot be sold, transferred or sublet to another party.
These revisions were made to enable more potential house buyers to own PR1MA homes, which were previously made available specifically to individuals and households with a monthly income of RM2,500 to RM10,000.
These measures reinforce the government’s commitment towards the success of the National Housing Agenda, he told a press conference after a special ‘Meet & Greet’ session to celebrate PR1MA’s pioneer community in Kedah, here, today.
Meanwhile, Perbadanan PR1MA Malaysia (PR1MA) is seeing favourable response for its homes in Sungai Petani and Kuala Ketil from middle-income group in Kedah.
The three projects, PR1MA Residensi @ Kuala Ketil (323 units), PR1MA Residensi @ Sungai Petani 1 (1,349 units) and PR1MA Residensi @ Sungai Petani 2 (1,395 units), have all received more than 80 per cent bookings, to date.
PR1MA Chief Executive Officer Dato’ Abdul Mutalib Alias explained that PR1MA homes appeal to the M40 group as there are currently scarce supply of suitable homes in market that fit the budget of this particular income group.
Depending on the product and location, PR1MA homes are priced between RM100,000 and RM400,000.
“The M40 group, is very much underserved. They are not able to afford market homes but not eligible to buy low-cost houses. That is why we are seeing favourable demand for our homes from this group.”
“In addition to this, the rapid development in Kedah is also contributing to the growing number of the M40s in the state, hence resulting in the increase in demand for fairly priced market quality homes,” he said.
PR1MA to date has a total of 24 approved projects throughout Kedah, comprising 22,169 units of homes.
The projects, which are in various stages of construction, are located in Alor Setar, Sungai Petani, Baling, Jerai, Jerlun, Kuala Kedah, Kubang Pasu, Kulim, Padang Serai, Padang Terap, Pendang and Pokok Sena.
As of January 2017, PR1MA has a total of 231 approved projects, comprising 266,400 units of homes nationwide. Kedah accounts for 8% of the total number of homes to be built by PR1MA.
Meanwhile, the get together session with the Prime Minister would be one out of many more programmes and activities PR1MA plans to have for its community, moving forward.
Abdul Mutalib said PR1MA is not just about building houses but is also focused towards the creation of a quality, conducive and harmonious living environment for its community.
Depending on the size of the project, PR1MA will provide facilities for its residents such as daycare centres, community centres, security services and many more.
On top of that, PR1MA plans to have more programmes to engage not only the its communities but also those living around the surrounding areas.
“In PR1MA, we strongly believe that community plays a vital role in shaping the identity, social structure, character, believe system, and moral values of a society. Through the programmes that we plan to have, we hope to be able to foster camaraderie spirit as well as inculcate a sense of belonging among the community, all of which are vital elements towards the creation of a harmonious living,” he added.
More than 1,000 guests and members of the public were present at the ‘Meet & Greet’ session here today.
Among the highlights of the day include a mock key presentation by the Prime Minister to 10 new homeowners of PR1MA Residensi @ Sungai Petani 1 and PR1MA Residensi @ Sungai Petani 2.