Limit PR1MA’s Special End-Financing Scheme to First-Time Buyers, Says HBA

The Special PR1MA End Financing Scheme (SPEF) and subsequent sale of 1Malaysia People’s Housing Programme (PR1MA) homes should be limited to only first-time house buyers, said the National House Buyers Association (HBA). HBA secretary-general Chang Kim Loong applauded the SPEF, which will assist the lower income group to obtain financing to buy their PR1MA homes … Read more

HBA Propose Income-allocation Mechanism For PR1MA Home Buyers

KUALA LUMPUR (Bernama) — There should be an allocation mechanism by the government for buyers of Projek Perumahan 1Malaysia (PR1MA) homes following the new income eligibility which has been increased from RM10,000 to RM15,000. The House Buyers Association (HBA) said as more people from the middle income group are now eligible to own PR1MA homes, … Read more

Government Guarantee of Up To RM100,000 To Help Buyers of PR1MA Homes

KUALA LUMPUR: The government will guarantee up to RM100,000 under the special step-up end-financing scheme announced for PR1MA (1Malaysia People’s Housing Programme). Secretary General of Treasury Tan Sri Dr Mohd Irwan Serigar Abdullah said some buyers who were chosen from the PR1MA balloting process were still unable to obtain loans. “The banks said the credit worthiness … Read more