WOW! 7,000 Apply For PR1MA First Homes At Putrajaya
|October 17, 2014||Posted by Ann Khee under Property News|
More than 7,000 people have applied for the 560 units of affordable homes under the first phase of the 1Malaysia Housing Programme (PR1MA) project.
In short, the demand is 13 times more than supply!
How Is The Selection Process?
Thus, to ensure everyone gets an equal chance for the houses, the corporation will select successful applicants through balloting. The balloting will be carried out on Oct 15, witnessed by Prime Minister Datuk Seri Najib Tun Razak and audited by KPMG Business Advisory Sdn Bhd.
The balloting process will be done as transparent as possible so that people won’t think the corporation will stuff ballot boxes with applications of our friends and family.
Out of the 7,000 applicants, more than 5,900 of the applicants (84%) are first-time house buyers.
The initial applicants picked out will go through a screening task force to make sure they truly deserve the houses.
Successful applicants will be offered apartment units in Precinct 11 here, developed by Putrajaya Holdings Sdn Bhd, at between RM120,000 and RM150,000 per unit.
What Is The Criteria?
Applicants must be Malaysians above 21 years old, living or working in Putrajaya, as well as registered voters in Putrajaya, with a gross household income of not more than RM6,000 a month. The applicants must also not already own more than one other home in the country.
It may sound like chance of a lifetime. But hey, it is indeed YES! ….
This is going to be a historical event for the housing industry in the country because the government has never given out affordable housing in this way.
If PRIMA in Putrajaya can receive such tremendous response, I wonder how is the “fight” gonna be in other PRIMA projects which are “hotter spot” areas eg. Sungai Besi and Cheras. Let’s stay connected with each other.
To know more about PR1MA projects, read my previous posts here.