News & Articles PR1MA eyes approval for 250,000 housing units
PR1MA eyes approval for 250,000 housing units
13 Jul 2015
KUALA LUMPUR: Perbadanan PR1MA Malaysia (PR1MA) is targeting 250,000 units of affordable houses to be approved by its board of directors by year-end.
Chief executive officer Datuk Abdul Mutalib Alias said that to-date, the board had approved 153,000 units in 110 locations nationwide except for Labuan.
“We have received a total of 1.016 million applications so far for the PR1MA houses and the demand is overwhelming,” he told Bernama at the balloting ceremony for the PR1MA@Cyberjaya 1 project.
PR1MA homes are targeted at middle-income Malaysians with average monthly household income of RM2,500 to RM10,000. They must be over 21 years old and do not own more than one property for individual or family.
Abdul Mutalib denied that PR1MA houses, which are priced from RM100,000 to RM400,000, were getting too costly for the people.
“So far, our house prices have not exceeded RM400,000 and for most projects, the average price ranges from RM250,000 to RM300,000 a unit, with very few priced at more than RM350,000,” he said.
He said although second-time buyers were allowed to apply for PR1MA homes alongside first-time buyers, weightage is given to first-timers.
Chief executive officer Datuk Abdul Mutalib Alias said that to-date, the board had approved 153,000 units in 110 locations nationwide except for Labuan.
“We have received a total of 1.016 million applications so far for the PR1MA houses and the demand is overwhelming,” he told Bernama at the balloting ceremony for the PR1MA@Cyberjaya 1 project.
PR1MA homes are targeted at middle-income Malaysians with average monthly household income of RM2,500 to RM10,000. They must be over 21 years old and do not own more than one property for individual or family.
Abdul Mutalib denied that PR1MA houses, which are priced from RM100,000 to RM400,000, were getting too costly for the people.
“So far, our house prices have not exceeded RM400,000 and for most projects, the average price ranges from RM250,000 to RM300,000 a unit, with very few priced at more than RM350,000,” he said.
He said although second-time buyers were allowed to apply for PR1MA homes alongside first-time buyers, weightage is given to first-timers.
Source: The Star Online