News about PR1MA

PUTRAJAYA (NOV 7): Housing and Local Government Ministry's (KPKT) minister Zuraida Kamaruddin today met with over 60 owners of 1Malaysia People’s Housing Scheme (PR1MA) to discuss problems they face over PR1MA including discounts given to new PR1MA homebuyers.

PETALING JAYA (Oct 11): The new minimum price threshold for the foreign purchase of high-rise residential property should be location-based and limited to completed units that remain unsold for at least a year, suggested Perbadanan PR1MA Malaysia chairman Tan Sri Eddy Chen (pictured).

PETALING JAYA (Sept 27): Perbadanan PR1MA Malaysia, which offers the 1Malaysia People’s Housing Scheme (PR1MA), has succeeded in cutting down its debt exposure from RM24 billion to RM12 billion after undergoing a due diligence process, corporate restructuring and management change process.

PETALING JAYA (Sept 27): The Housing and Local Government Ministry (KPKT) will engage with the dissatisfied buyers of 1Malaysia People’s Housing Scheme (PR1MA) homes who claim to have incurred losses owing to PR1MA's discounts and rebates of up to 30% offered to new purchasers.

KUALA LUMPUR (Sept 23): The Home Ownership Campaign (HOC), which started in January this year, has secured bookings for houses worth RM10 billion, said the Housing and Local Government (KPKT) Minister Zuraida Kamaruddin.

KUALA LUMPUR (Sept 12): The ailing 1Malaysia People’s Housing Programme (PR1MA) received a growth spurt from the extended Home Ownership Campaign (HOC) when it was held in Sabah.

KUALA LUMPUR (May 17): The Malaysian Malay Chamber of Commerce (DPMM) has revealed that bumiputera developers and contractors are at risk of collapse due to their involvement in abandoned PR1MA housing projects, reported The Malaysian Reserve today.

  PETALING JAYA (May 8): Perbadanan PR1MA Malaysia (PR1MA) said it is currently undertaking a transformation exercise to better fulfil its mandate and adapt to market conditions.

  KUALA LUMPUR (May 2): The future of the 1Malaysia People’s Housing (PR1MA) depends on the outcome of its due diligence and turnaround plan, said chairman Tan Sri Eddy Chen.

  PETALING JAYA (April 30): The 1Malaysia People’s Housing (PR1MA) scheme may be dissolved, pending its due diligence report that is expected to be completed within two months.