The most awaited housing scheme called the 1Malaysia Housing Programme (PRIMA) was finally launched yesterday by the Prime Minister at Putrajaya.
Prime Minister Datuk Seri Najib Razak said 42,000 houses would be built in 20 strategic areas that had been identified in the Klang Valley and Seremban.
This programme is part of the government’s agenda to increase the quality of life of Malaysians and is in line with the 1Malaysia concept. The government are aware of the problems faced by middle-income earners who can’t afford expensive homes, but at the same time are not eligible for low-cost housing programmes.
PRIMA is specifically for Malaysians earning not more than RM6,000 monthly, be they in the government or private sector or self-employed.
The loans were up to 105 per cent and house buyers could apply from a selected list of financial institutions. The additional five per cent, would be for the insurance and legal fees.
The three-room and two bathroom homes under this programme cost between RM150,000 and RM300,000, depending on the location and size.
The homes will be built in Putrajaya, Cyberjaya, Ara Damansara (Petaling), Bandar Tun Razak (Cheras), Putra Heights (Subang Jaya), Bandar Bukit Raja (Klang), Kota Elmina (Sg Buloh), Sg Besi (Kuala Lumpur), Elmina East and Elmina West in Shah Alam, Lagong Mas (Rawang) , Bandar Ainsdale (Seremban) and Seremban Sentral.
The buyers could only sell their units after 10 years to avoid speculation.
About 1Malaysia Housing Programme Corporation
The 1Malaysia Housing Programme Corporation, would be set up to plan and coordinate the projects under the programme. The laws to govern the corporation were being formulated and would be tabled in the next Parliament sitting in October.
Later at a press conference, Economic Planning Unit director-general Datuk Noriyah Ahmad explained that the housing corporation would be modelled after Singapore’s Housing and Development Board that plans and develops public housing towns to provide Singaporeans with quality homes.
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