News: Gov’t Planning To Turn PR1MA Into National Housing Corporation

Jan 8, 2020

The Ministry of Housing and Local Government plans to turn Perbadanan PR1MA Malaysia (PR1MA) into a national housing corporation, a move that it hopes will ensure a standardised and centralised housing industry for easy enforcement and monitoring.

Its minister Zuraida Kamaruddin clarified that PR1MA would not be dissolved soon and said the government was, in fact, looking at PR1MA to create housing projects under the education and defence ministries, reported Bernama.

“The government hopes to move PR1MA in the like of Singapore’s Housing Development Board (HDB),” she said.

Zuraida also revealed that the ministry has resolved some of PR1MA’s problems, which includes its overhang and unsold units.

Read our guide what is PR1MA and to apply for it here. 

PR1MA was created under the previous government through the PR1MA Act 2012 with the goal of planning, developing, constructing and maintaining high-quality housing with lifestyle concepts aimed at middle-income households within key urban centres.

It is open to all Malaysians having a monthly income of RM2,500 to RM15,000.

During the Home Ownership Campaign 2019 (HOC), which ran from 1 March 2019 to 31 December 2019, PR1MA recorded 9,306 unit sales and received 19,170 bookings.

 

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Nicholas Kong
Real Estate Negotiator
Dutama Properties
nick8089333@gmail.com
(+60) 12-8089333