PR1MA Housing Programme

2/25/2013 03:55:00 AM



 The government has launched PR1MA housing programme, a programme which involves the development of low-cost houses with affordable prices for the middle-income group in Malaysia.The middle-income group stated is referring to Malaysian individuals or couples with thier monthly household income ranging from RM2500 to Rm7500.
According to Prime Minister Dato Seri Najib,he is fully aware of the financial constrain suffered by the middle income group in the major cities who wished to purchase a property with a hiking prices which seems to be farfetched due to their average income.PR1MA is one of various initiatives implemented by the government to aid the citizens to manage their cost of living in urban areas.Besides,PR1MA will be the first that exclusively targets this middle segment with homes ranging from RM100,000 to RM400,000 in a sustainable society.
In my humble opinion,this is indeed a wise move as it will not only balanced the development between the urbans and suburbans,but also provide a solution for middle-income group to be able to own a house of their own.
In order to apply for a house,

Applicant must be a Malaysian citizen.
Applicant must be at least 21 years old at the time of the application.
Open to Individuals or Families (husband and wife) with an average monthly household income of between RM2,500 – RM7,500
Those who currently own no more than one property.
Additional guidelines set-forth by states

Note:

- PR1MA homes will be allocated through an open balloting process.
- Selection of house units by the successful balloted owner will be based on
   the balloting sequence.
- A 10-year moratorium will be imposed, during which the property cannot
   be sold or transferred to another party without prior approval from PR1MA.
- PR1MA homes must be owner occupied.

 For moew infornation regarding the application process,visit www.pr1ma.my


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