PR1MA

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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, [...]

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 [...]

The newly-elected government is mulling the intention of allowing those with a household income of RM10,000 a month to be eligible for the 1Malaysia Housing Programme (PR1MA) — to enable more Malaysians and middle income earners to own property in urban and semiurban areas.

Under the current policy, those with household earnings of between RM2,500 and [...]

KUANTAN: The 1Malaysia People’s Housing (PR1MA) project is not competing with developers for business, said State Secretary Datuk Seri Muhammad Safian Ismail.

He said PR1MA would instead complement other housing projects in Pahang as it catered to a different market.

“Housing developers control the urban market while PR1MA is being developed in the outskirts surrounding the town. [...]

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