PRoGRaM PeRuMaHaN 1MaLaYSia (PR1MA)

On the 4th July 2011, Prime Minister Datuk Seri Najib Tun Razak launches 1Malaysia Housing Programme (PR1MA). The programme aim to assist the middle income group who can neither afford to buy high-end property nor are eligible for existing My First Home Scheme and others low-cost public housing scheme to own a home.

Middle income group are those who earn not more than RM6,000 per month regardless whether they work with the government, the private sector or self-employed.

The programme will be plan and coordinate projects by 1Malaysia Housing Programme Corporation, and placed under the Prime Minister’s Department. The corporation would also distribute houses under the projects to eligible recipients.


Below are the details of 1Malaysia Housing Programme (PR1MA).

	Details
TheProgramme	42,000 houses on 20 strategic sites in Klang Valley, Rawang and Seremban
	8 projects expected to commence in 2011 & 2012
	Developed by Putrajaya Holdings, SP Setia, Tradewinds, Cyberview, Sime Darby Property, MRCB Resources and 1MDB
Features	Each unit will be sold between RM150,000 and RM300,000 depending on location and size
	Each unit would be between 800 and 1,400 square feet with three bedrooms and two bathrooms
Eligibility	Malaysian citizens with monthly income less than RM6,000
	First Time Home Buyer
	Open for all Malaysians who work with the government, private sector or self-employed
Restriction	Not allowed to sell the house within 10 years to prevent speculative activities
	Not allowed to rent the unit. Only for own occupation
Financing	Financing up to 105% from selected financial institutions. The additional 5% is for insurance and Sales and Purchase legal fees
	Stamp duty will be exempted
	Maximum financing tenor of 30 years
	EPF savings withdrawal through the existing mechanisms

The first project under PR1MA programme are 560 apartment units at precinct 11 Putrajaya. Each unit will be sold at RM120,000 and it is cheaper than the earlier price set.


PaK aBu :-  It's a too ATTRACTIVE program..and normally, these kind of offers will NEVER comes together with wonderful ending...beware guys ~