KUALA LUMPUR, Jan 23 – Perbadanan PR1MA Malaysia (PR1MA), which is a step closer to making home ownership a reality for middle-income earners, is expected to deliver its first 600 units of affordable homes by year-end. Its chief executive officer, Datuk Abdul Mutalib Alias, said the units were from its projects in Bertam (Penang) and Kuala Ketil (Kedah) with 300 units respectively.
“I would say by year-end, although we are targeting this August. My team is really pushing hard so that all the units can be delivered by August,” he told a media briefing here today. The company recently launched and opened for application seven projects located in Kuala Lumpur, Perak, Kedah, Melaka and Johor.
The projects are PR1MA @ Alam Damai, KL; PR1MA @ Bandar Meru Raya, Perak; PR1MA @ Sungai Petani 1, Kedah; PR1MA @ Kuala Ketil, Kedah; PR1MA @ Bandar Layangkasa, Johor; PR1MA @ Terbrau, Johor and PR1MA @ Melaka Tengah 1, Melaka. He said the prices would be affordable as they would be lower than the market’s and the response has been good and overwhelming.
“This process demonstrates PR1MA’s ongoing commitment with another step forward to achieving Malaysian middle-income earners’ vision of owning a home,” he said. Buyers must have household income of between RM2,500 and RM10,000, he said. To date, approximately 890,000 potential buyers have registered for PR1MA homes nationwide.
Abdul Mutalib said 14 other residential projects would be opened for application soon, together with the current seven projects. “I can assure you a lot more projects could be applied,” he said. He said PR1MA would consider proposals from other developers to build the houses as long as they were able to meet certain criteria, particularly pricing, building material specification, costing and excellent track record.
Meanwhile, on measures announced by Prime Minister Datuk Seri Najib Tun Razak on Tuesday to sustain development and economic growth, Abdul Mutalib said they were brilliant strategies to stimulate domestic demand. “The moves will allow eligible Malaysians to consider PR1MA’s homes and we hope to see more people register online,” he said.