Business News

Published: Wednesday February 6, 2013 MYT 12:00:00 AM
Updated: Wednesday April 17, 2013 MYT 1:36:21 AM

PR1MA affordable homes oversubscribed

Datuk Abdul Mutalib Alias.

Datuk Abdul Mutalib Alias.

KUALA LUMPUR: Perumahan Rakyat 1Malaysia (PR1MA)’s affordable homes in Nusantara Prima project have been oversubscribed by six times.

The 201 affordable homes, which would be built by private developer Denia Development Sdn Bhd, was still open for application and those interested can register online at, PR1MA said in a statement yesterday. Its chief executive officer Datuk Mutalib Alias (pic) said they would stop accepting applications on Feb 8.

He said the balloting of homes would be conducted by PR1MA on Feb 12 and applicants would be invited to attend the event which would be graced by Prime Minister Datuk Seri Najib Tun Razak.

Nusantara Prima is a joint-venture between Denia Development as the developer and UEM Land Holdings Bhd as the landowner, while PR1MA lends support for the facilitation fund provided by Unit Kerjasama Awam Swasta and would manage the balloting process.

With a starting price of RM199,000 for an intermediate unit, the Nusantara Prima affordable homes were open for application on Dec 13. The development offers two types of four-room double-storey terrace homes measuring 18ft x 65ft offering a build-up area from 1,384 sq ft.

The development is targeted to be completed and ready in 2015.

To be eligible for an affordable home within Nusantara Prima, applicants must be a Malaysian citizen aged 21 years and above and have an individual or combined gross household income of between RM2,500 and RM7,500 a month. They also need to work or live in Iskandar Malaysia, Johor Bahru, Pulai or Pontian, and should not own more than one property in Malaysia, other than a low-cost or low medium-cost property. — Bernama

Tags / Keywords: News, Business, Business, Business, Primas


  1. RHB Cap, CIMB, MBSB plan to form mega Islamic bank (Update)
  2. Bank Negara raises overnight policy rate by 25bps (Update)
  3. GST to help lower property project costs
  4. Where does OSK fit into RHB Cap, CIMB, MBSB merger?
  5. RHB, CIMB, MBSB seek to merge
  6. Uncertainty over APs
  7. Worries over luxury condos, number of upcoming units 'frightening'
  8. Interest rate hike may be as early as tomorrow
  9. Muslim shops not allowed to sell food to Muslims before 3pm
  10. Company taps niche for patients needing transport