[ Perbadanan PR1MA Malaysia was established under the PR1MA Act 2012 to plan, develop, construct and maintain high-quality housing with lifestyle concepts for middle-income households in key urban centres.
Priced between RM100, 000 to RM400,000, PR1MA homes come in various types and sizes within an integrated community; sensibly designed to suit different household needs. PR1MA is earmarked for development in key strategic urban areas nationwide and is open to all eligible Malaysians. ]
Just go through the balloting process and hope for the best.
Some may think that usually those kind of program would only offer for locations in some "kampung" or "ulu-ulu" place where the property prices can hardly rise.
Truth is, most of the PR1MA houses are actually part of the selling houses by developers.
Developers can build 3 blocks of building and allocate one block specially for PR1MA houses.
Can you imagine your neighbour opposite the blocks bought the same type of house with you but maybe few hundred thousands pricier than what you paid for?
Here are some basic requirements to become homeowner PR1MA:
- must be a Malaysian citizen;
- single or married, aged 21 and above;
- individual or combined household income (husband and wife) between RM2, 500 to RM7, 500; and
- possesses no more than 1 property (either applicant or the spouse), if any.
- must be a Malaysian citizen;
- single or married, aged 21 and above;
- individual or combined household income (husband and wife) between RM2, 500 to RM7, 500; and
- possesses no more than 1 property (either applicant or the spouse), if any.
Furthermore, the banks have also cooperated with government to ease the homebuyers in loan-financing issue. They introduced a new loan scheme specially for those having difficulties of paying their houses.
PR1MA Skim Pembiayaan Fleksibel (SPEF)
An exclusive scheme for PR1MA homebuyers only.
The difference between this scheme and conventional bank loan scheme is that homebuyers are eligible to obtain higher end-financing amount with lower monthly instalments through "Stepped-up" financing, where monthly installments are reduced to a lower amount for the first 5 years and will increase to a higher amount for the consecutive years until expiration of the loan.
First 5 years: Interest only
Subsequent years: Interest and principal
Not to mention that it also allows you to pay the mortgage using your EPF second account.
Application for PR1MA houses in different locations have their own application date.
You can check them [Here]
W.
