Residential market may see single-digit rise in transaction volume and value
Henry Butcher Malaysia expects the residential property market in Kuala Lumpur and Selangor
KUALA LUMPUR, April 20 (Bernama) -- Perumahan Rakyat 1Malaysia (PR1MA) Bhd has reiterated that its homes have always been priced at between RM100,000 and a maximum of RM400,000.
"PR1MA has never changed its price range," the corporation said in a statement Monday.
In fact, to enable more urban families to be eligible for PR1MA homes, it had adjusted the income ceiling from RM7,500 to RM10,000, said PR1MA, which is under the Ministry of Housing and Local Goverment.
The change in income ceiling was announced by Prime Minister Datuk Seri Najib Tun Razak on Oct 10, 2014 at the tabling of Budget 2015.
PR1MA said it had identified various measures to implement its affordable housing programme nationwide with particular emphasis on cost-effectiveness, speed of delivery and customer requirements.
Joint ventures with private developers are one of the measures that have been adopted, in order for PR1MA to deliver 500,000 homes to middle income families that meet their lifestyle requirements.
PR1MA said it remained committed to delivering affordable homes to middle income families and would continue to focus on strategies that would assist in keeping residential property prices at a sustainable level over the long term.
