The trouble with affordable housing supply

PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim.

READ MORE

Government mulls reintroducing DIBS for first time home buyers

KUALA LUMPUR (Oct 30): The government is considering proposals by property developers to reintroduce the developers interest bearing scheme (DIBS) and relax lending guidelines to promote first home ownership, said Minister in the Prime Minister’s department Datuk Sri Abdul Wahid Omar.

READ MORE

PR1MA projects in the Klang Valley received highest demand

VIEW VIDEO PETALING JAYA (Oct 29): Perbadanan PR1MA Malaysia (PR1MA) projects in the Klang Valley have received the highest number of applicants of middle income earning between RM2,500 and RM10,000 a month, said PR1MA CEO Datuk Abdul Mutalib Alias (pictured) at a press conference recently.

READ MORE

Ceiling price of PR1MA homes remains at RM400,000

KUALA LUMPUR (April 21): PR1MA Corporation Malaysia (PR1MA) said yesterday the ceiling price of its homes remained at RM400,000, despite its joint ventures with private developers to build affordable homes for Malaysians, according to a report by The Malaysian Insider carried by The Edge Financial Daily today.

READ MORE