PR1MA
Housing
PR1MA (Perumahan Rakyat 1Malaysia) is a government programme that builds and sells affordable homes to middle-income Malaysians in urban areas. Homes are offered below typical market prices, and buyers apply and register online, with balloting used when demand exceeds supply. There are eligibility conditions such as citizenship, a household income range, and usually not already owning a certain number of properties. A moratorium period restricts selling the home for several years to prevent quick flipping. Financing help may also be available. Income limits, prices, and conditions vary by project and are subject to the latest rules.
Related Q&A
Related terms
Housing LoanRUMAWIPMOT (Memorandum of Transfer)Stamp DutySale & Purchase Agreement (SPA)Strata vs Landed PropertyQuit Rent & Assessment