PR1MA to Launch Home-Buyer Assistance Programme Early Next Year

Real Estate Investment Malaysia Convention

KUALA LUMPUR: PR1MA Corporation Malaysia (PR1MA) will introduce a homebuyer assistance programme early next year to help those who are not eligible for a housing loan from banks but were chosen to own a 1Malaysia People’s Housing house.
Chief Executive Officer Datuk Abdul Mutalib Alias said PR1MA is working with a partner to develop the special financing schemes, and is currently ironing out the final details.

Speaking to Bernama in an interview here, Abdul Mutalib said some of the successful balloted buyers failed to secure bank financing.

“We have seen cases where people cried after balloting because they could not get financing. We’re thinking there must be another mechanism where we can provide assistance, hence our buyer assistance programme,” he said.

PR1MA says while it hopes a higher percentage of buyers would be able to get bank financing, it saw a need to design such a scheme to act as…

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