SEMENYIH: The due diligence report on the 1Malaysia People's Housing (PR1MA) scheme will be completed by June, says Housing and Local Government Minister Zuraida Kamaruddin.
She said the complete report would be tabled to Cabinet, where a decision will be made on whether PR1MA projects should be continued.
"Housing projects such as PR1MA and SPNB (Syarikat Perumahan Negara Bhd) have been put under my ministry.
"This will all be under the National Affordable Housing Scheme.
"On PR1MA, the ministry is conducting due diligence. For houses that are complete, we will sell them. Those that are under construction will be completed, while those that have not started or are not cost effective will be scrapped.
"We will also look into some of the project locations. They have to be built in areas with infrastructure such as public transport, because the homes are for the B40 group," said Zuraida, at a press conference after the launch of the FundMyHome-DepositKu Scheme here.
PR1MA is an affordable housing scheme established under the previous Barisan Nasional administration.
The homes under the scheme are priced between RM100,000 to RM400,000 and are aimed at first-time home buyers.
On the FundMyHome-DepositKu scheme, Zuraida said the initiative would help more first-time homebuyers.
The FundMyHome scheme, which was launched in November, allows a homebuyer to own a house by paying 20% of its purchase price.
The balance of 80% is funded by investors using a crowd-funding platform.
"The DepositKu scheme by our ministry will help the homebuyers to pay the 20% deposit with a loan of up to RM30,000.
"If the house costs RM307,000, the 20% deposit is RM61,400. With DepositKu loan of RM30,000, the homebuyer just has to come up with RM31,400," she explained.
Zuraida presented some 20 buyers who have purchased their homes under the scheme with mock keys at the event.