News about PR1MA

KUALA LUMPUR (July 26): Mah Sing Group Bhd has expressed support for the government's proposal that a single regulatory body be set up to supervise the property sector in Malaysia.

KUALA LUMPUR (July 26): The government is looking into establishing a single authority to monitor Malaysia’s property market, amid issues of supply and demand mismatch within the affordable housing segment.

KUALA LUMPUR (JULY 18): Some RM40 billion housing loans were approved to more than 152,000 borrowers in the first five months of this year, and eligible homebuyers will continue to have access to financing, according to Bank Negara.

PETALING JAYA (July 4): A sound, innovative and coordinated public policy is needed to address the affordable housing challenge, said Bank Negara Malaysia deputy governor Abdul Rasheed Ghaffour in his keynote address at  the “Dialogue on Sustainable Development of Affordable Housing” organised by Cagamas Holdings Bhd in Kuala Lumpur today, He said a central authority could lead, oversee and coordinate affordable initiatives for the nation that would promote greater strategic and operational cohesion at the national level.

PUTRAJAYA (June 21): Perbadanan PR1MA Malaysia (PR1MA), the single largest affordable housing developer in Malaysia, is planning to raise RM5 billion to support 89 of its executed projects nationwide, comprising 89,449 units of homes.

KUALA LUMPUR (May 22): Gabungan AQRS Bhd expects to finalise the planned sale of its land in Dengkil, Selangor to PR1MA Corp Malaysia within the next three weeks under a proposed joint venture (JV) to develop affordable housing there.

KUALA LUMPUR (May 11): Perbadanan PR1MA Malaysia (PR1MA) will put up for sale a total of 21,672 homes with an estimated gross development value of RM2.

KUALA LUMPUR (April 26): PR1MA homeowners can start applying for a special end-financing scheme at Malayan Banking Bhd, CIMB Bank Bhd, RHB Bank Bhd and AMMB Holdings Bhd (AmBank).

KUALA LUMPUR (April 10): The residential property sector is envisaged to remain sluggish this year, checked by depressed consumer sentiment and selective lending by banks, said RAM Rating Services Bhd.

KUALA LUMPUR (March 30): The Federal Territories Ministry plans to create a package that will benefit developers in terms of reducing cost and be time efficient when constructing affordable houses for the people.