Friday 3 May 2013

4,000 PR1MA homes planned near LRT stops

Some 4,000 units of affordable homes will be built at several light rail transit (LRT) locations in the Klang Valley by Perumahan Rakyat 1Malaysia Bhd (PR1MA) and Syarikat Prasarana Negara Bhd (Prasarana).





The houses will be 20 per cent cheaper than the prevailing market prices for similar units in the respective areas, which range from RM100,000 to RM400,000.

The first phase will kick off by year-end comprising 2,000 units of apartments to be built in Pandan Jaya, Pandan Indah and Taman Cempaka.

It is expected to be completed within three years, PR1MA chief executive officer Datuk Abdul Mutalib Alias said at a press conference here yesterday.

He said the apartment units, which measure between 750 sq ft and 1,200 sq ft, will be available in 1+1 bedroom studio-plus and 3+1
bedroom versions.

Abdul Mutalib, however, declined to disclose the total gross development value of the project.

He said PR1MA and Prasarana will build apartments atop and next to the LRT stations, giving residents the convenience of having
direct access to the stations.

“We realise that high prices of homes, cars and fuel are the major financial burden faced by middle-income earners living in urban areas, hence, this project was introduced to address
this situation.

“This concept may be new in Malaysia, but not in other countries. In Hong Kong, for instance, development of apartments linked to LRT and MRT (mass transit railway) stations is very common,” he said.

Abdul Mutalib said PR1MA has received overwhelming response from the public for PR1MA homes, with more than 210,000 people
having registered as at end-2012.

“People in the Klang Valley topped the list of registered applicants, followed by Penang. We will continue our campaign to encourage more registration,” he said.

Prasarana group managing director Datuk Shahril Mokhtar said the stake held by PR1MA and Prasarana will differ in each project, but assured that the partnership will benefit both parties equally.

"We are still fine-tuning the joint-venture agreement. The share percentage will depend on each project. All I can say is that it will benefit both parties equally," Shahril said.

PR1MA is a government initiative to promote greater home ownership, especially among middle income earners, by providing more affordable homes in major cities.

Application for PR1MA homes is open to Malaysian citizens aged 21 years and above, who have individual or combined gross household income of between RM2,500 and RM7,500 a month.

Preference would be given to those living or working in surrounding areas of the projects. 

Interested buyers can register at www.pr1ma.com.my


Source Business Times By Muhammed Ahmad Hamdan, May 3, 2013 

No comments:

Post a Comment