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PR1MA
The first phase of the 1Malaysia Housing Programme (PR1MA) for affordable homes here will be open for sale in the third quarter of next year. The project — the first of its kind in Cyberjaya — will offer 794 apartments in total, 325 of which are in the first phase. The PR1MA homes are part of an RM1.055bil project to construct 2,500 housing units, including two-storey link houses, government q... Read more >
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Online applications for the Projek Perumahan Rakyat 1Malaysia (PR1MA) has reached 30,000 so far said Minister in the Prime Minister’s Department Datuk Seri Shahidan Kassim. He said work on the PR1MA housing project was expected to start next year. “The number of PR1MA houses to be build will depend on discussions held. Right now the PR1MA project in Alam Damai, Cheras has started,̶... Read more >
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The 1Malaysia Housing Programme (PR1MA) will receive applications for its houses to existing houseowners looking for a second one in the city. Minister in the Prime Minister’s Department Datuk Seri Shahidan Kassim said the decision to expand the eligibility to apply for PR1MA houses was expected to increase the number of online applications from the current 250,000 to one million. He said th... Read more >
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The 1Malaysia People’s Housing Programme (PR1MA) is in talks to ink a deal with a Japanese company soon to build affordable houses for middle-income Malaysians. Its chief executive officer, Datuk Abdul Mutalib Alias, said the memorandum of understanding (MoU) which would be signed by the two countries would take the housing construction technology to a new level in Malaysia. “I canR... Read more >
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It’s no secret that property prices are rising at astronomical rates. High market demand by investors and limited land space in urban areas are a few of the contributing factors causing the hike. Middle and lower income earners are the ones most affected by this as they cannot afford to buy the majority of properties in the city, which cost more than RM400,000 each. The PR1MA housing project sch... Read more >
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Budget 2014 is expected to have stricter policies for the property sector to curb speculations in the industry and help low-and medium-income earners to own affordable houses, says a real estate developer. Andaman Property Management Sdn Bhd Managing Director Datuk Seri Vincent Tew expects drastic changes in the real property gains tax (RPGT) to be announced in the budget. “I personally fore... Read more >
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PETALING JAYA: More than 20,000 homes will be built under 15 affordable housing projects in Greater Klang Valley, Johor, Penang, Sabah and Sarawak. “These 15 new developments are under Phase 1 of the PR1MA programme. I am confident that by year-end, we will have more on board to meet the 80,000 homes as announced in Budget 2013,” said PR1MA Corp Malaysia CEO Datuk Abdul Mutalib Alias. Specific... Read more >
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PETALING JAYA: The Malaysian property sector is not in any immediate risk of experiencing a bubble, according to property consultant CBRE Malaysia executive chairman Chris Boyd. He said despite rising residential property prices, houses in Malaysia were still among the cheapest in the region. “Residential property prices increased at a constant pace in Malaysia until 2009, but have been accelera... Read more >
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The last few years have seen young professionals struggle to own property. Now with rising house prices and a shorter home loan repayment period, some say it has become an impossible struggle. WANTING and actually being able to afford your own place are two very different things. With the oversupply of high-end condominiums shadowing the property market, fresh graduates and young professionals may... Read more >
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1. Firstly, can you tell us a bit about yourself and how you can help in individuals applying for the My First Home program? The origin of Malaysia Building Society Berhad (MBSB) can be traced back to the Federal and Colonial Building Society Limited incorporated in 1950. In 1956, it changed its name to Malaya Borneo Building Society Limited (MBBS), with the Malaysian Government as its major share... Read more >
