PR1MA’s Affordable Homes In Nusantara Prima Project Oversubscribed By Six Times
Perumahan Rakyat 1Malaysia (PR1MA)‘s affordable homes in Nusantara Prima project has been oversubscribed by six times.
The 201 affordable homes, which will be built by private developer, Denia Development Sdn Bhd, is still open for application and those interested can register online at www.pr1ma.my, PR1MA said in a statement Tuesday.
Its Chief Executive Officer Datuk Mutalib Alias said they would stop accepting applications on Feb 8.
He said the balloting of homes would be conducted by PR1MA on Feb 12 and applicants would be invited to attend the event which would be graced by Prime Minister Datuk Seri Najib Tun Razak.
Nusantara Prima is a joint-venture between Denia Development as the developer and UEM Land Holdings Bhd as the landowner, while PR1MA lends support for the facilitation fund provided by Unit Kerjasama Awam Swasta and would manage the balloting process.
With a starting price of RM199,000 for an intermediate unit, the Nusantara Prima affordable homes were open for application on Dec 13, 2012.
The development offers two types of 4-room double-storey terrace homes measuring 18ft x 65ft offering a build-up area from 1,384 sq ft.
The development is targeted to be completed and ready in 2015.
To be eligible for an affordable home within Nusantara Prima, applicants must meet several key criteria including being a Malaysian citizen aged 21 years and above and have an individual or combined gross household income of between RM2,500 and RM7,500 a month to qualify.
Additionally, they need to work or live in Iskandar Malaysia, Johor Bahru, Pulai or Pontian, and should not own more than one property in Malaysia, other than a low-cost or low medium-cost property.
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