Investment

Reverse Mortgage Pros And Cons

If you’re a homeowner who is at least 62 years old and exploring ways to finance retirement, you may be considering a reverse mortgage: a product that allows you to convert your home equity into cash. Whether you are looking for money to pay for a home improvement, cover healthcare expenses or pay off an existing … Read more

Should Reverse Mortgages Be Implemented In Malaysia?

Is this the first time of you learning about reverse mortgages? Reverse mortgage is a scheme designed to convert part of your home equity into cash and pay it back to you. Sounds similar to a normal mortgage loan? Not quite. Below is the flow chart to show the main difference between reverse a mortgage … Read more

9 Simple Things You Can Do To Get Tenants To Pay More

When the rental market stagnates, investors have to turn to innovative solutions to secure higher rents. Rather than just sitting and waiting for the market gods to shine, why not make simple improvements to your properties that will have tenants happily throwing extra money in your direction. The right sort of improvements can easily pay … Read more

UAE Cities Remain Preferred Choice For Rich Gulf Real Estate Investors

Dubai, Abu Dhabi and Sharjah remain by the destinations of choice for wealthy Gulf individuals with an interest in investing in property. According to research by Cluttons, which polled high net worth individuals (HNWIs) across the region, Dubai is the most popular city for real estate investment, with 27 percent saying they picked the emirate … Read more

Buying Property Overseas: Do-It-Yourself or Find An Agent?

Many Malaysians are tempted to invest in properties abroad due to the higher yield they can earn from an overseas investment. For instance, Singapore, United Kingdom, Vietnam and Australia are just some of the popular destinations for Malaysian investors today. So, when buying a property overseas do you consider seeking financial advice, surveying the market … Read more

Buying VS Renting: Which Is More Affordable?

For many people, owning a house usually means securing a permanent home for their family or to generate rental income. On the other hand, renting is ideal for individuals with a lifestyle or job that requires them to be mobile – they would rather invest their finances elsewhere, instead of getting tied down to a … Read more

Top Things To Live Near That Affect Home Values

Your home is your sanctuary, but it’s also the place where a large chunk of your money is invested, so naturally you’ll want to consider the surrounding elements that routinely drive up (or down)  the value of your home. In general here in Malaysia we see property prices appreciate steadily each year but did you … Read more

Am I Eligible for Affordable Housing?

Here are some basic requirements for you to fulfill in order to be a proud homeowner of the affordable housing. 1. You must be a Malaysia citizen 2. You must be a registered voter in Penang and met one of the following criteria: i. Penang-born working in Penang ii. Residing in Penang for at least … Read more

Understanding of PR1MA

FREQUENTLY ASKED QUESTIONS

 

1. What is the eligibility criteria to apply for a PRIMA home?
• Malaysian citizen.
• At least 21 years of age at the time of application
• An individual or family (husband & wife) with a combined household monthly income of RM2,500 – RM10,000.
• Applicant or his/her spouse must not own more than one property.
• Adheres to the additional guidelines set by PR1MA.

2. Can I apply for a PR1MA home as a second home?
Yes, you can.

3. If I reside in Malaysia and my spouse lives overseas, are we eligible to apply?
You are eligible to apply as long as your family household income is between RM2,500 – RM10,000.

REGISTRATION

1. How do I register for a PR1MA home?
You may register online by visiting the PR1MA official website at www.pr1ma.my .

2. Are there any charges incurred to register for a PR1MA home?
PR1MA does not charge any registration fees neither does it select any agent or third party to offer form-filling services or special allocations for PR1MA homes.

3. Is my spouse also required to register if I have already registered for a PR1MA home?
Married couples are required to register once only. The applicant will have to include his/her spouse’s details in the registration form.

4. Do I register as an individual or family if I am to be married soon?
You may apply as an individual for now. However, you will need to update your profile with details of your spouse for ballot application.

5. How often should I update my profile?
You are required to update your profile if there is any change in the details required for your application.

6. Should I face a problem in registering, what do I do?
Kindly contact the PR1MA Call Centre at 03-7962 4374 from Monday to Friday (9:00am – 6:00pm) or Saturday (9:00am –1:00pm). Alternatively, you may email your enquiries to info@pr1ma.my

7. If there is a technical error on the PR1MA website, what do I do?
Kindly email a screen shot to PR1MA at this address – info@pr1ma.my

8. Where can I view a list of documents needed to register for PR1MA?
Please refer to the information found on this page of the PR1MA website – http://www.pr1ma.my/how-to-apply.php?required_documents=1.

9. What do I do should my IC has already been used in the system when I’m trying to register?
Kindly contact us at 03-7962 4374 from Monday to Friday (9:00am – 6:00pm) or Saturday (9:00am –1:00pm). Alternatively, you may email your enquiries to info@pr1ma.my

10. What if I forget my username or password?
You may retrieve your username and password at https://register.pr1ma.my

Understanding of PR1MA Share on X

11. What documents do I need to apply for PR1MA?
You are required to send copies of:
i. Your Identity Card (IC)
ii. Latest bank statement or salary slip

PR1MA DEVELOPMENT

1. Are PR1MA homes Freehold or Leasehold?
This is determined by the land proprietor for each PR1MA development.

2. Where are PR1MA homes located?
There are PR1MA developments located in major cities/towns/areas across Malaysia. For more information, visit http://www.pr1ma.my/pr1ma_homes.php.

3. How do I get the latest information about PR1MA home prices and launches?
To find out, visit http://www.pr1ma.my/pr1ma_homes.php.

4. How much does a PR1MA home cost?
A PR1MA home costs between RM100,000 and RM400,000.

5. What are the sizes available for PR1MA homes?
Generally, a terrace PR1MA house is approximately between 850 sqft and 1,850 sqft while a PR1MA apartment unit is approximately between 600 sqft to 1,200 sqft.

6. For enquiries or further information, kindly contact
PR1MA Call Centre: 03-7962 4374
Operating hours:
Monday to Friday (9:00am – 6:00pm)
Saturday (9:00am – 1:00pm)
Email: info@pr1ma.my

–PR1MA.MY

3 Types of Property To Be Avoided In 2016

As predicted by many financial economist, Malaysia economy in year 2016 will be facing lots of challenges and even our Budget 2016 had revised to adapt the current slow economy. With that being said, our property market cannot run away from the slow downturn. However, some people look at this moment as an opportunity to … Read more