PR1MA offers over 5,000 homes for sale in Sabah


PR1MA Corp Malaysia is selling more than 5,000 residential units with an estimated gross development value (GDV) of RM1.25 billion to the middle income community in Sabah.

The PR1MA homes are expected to be up for sale in the first quarter of 2018 for those who are interested to own quality homes, equipped with offerings and amenities to suit their lifestyle.

Among the projects up for sale in the first three months of this year are [email protected] Cove (999 units), [email protected] Marudu (360 units), [email protected] Ranggu (1,300 units), [email protected] Kinarut South (502 units), [email protected] (1,200 units), [email protected] City Cent re (750 units) and [email protected] Marudu 2 (360 units).

The government agency also held the PR1MA Open Day (POD) in Sabah from Jan 19 to Jan 20 at The Klagan Regency 1Borneo Hypermall, which was attended by Sabah Local Government and Housing Minister Datuk Seri Panglima Hajiji Noor.

The two-day sale event featured its new development, [email protected], with a starting price of RM243,600. PR1MA CEO Datuk Abdul Mutalib Alias (picture) said PR1MA POD serves as a platform to engage with its homebuyers.

“We can also take this opportunity to educate them on the process of registering and applying for a PR1MA project, as well as counselling in managing their monthly repayment,” he said in a statement.

“Skim Pembiayaan Fleksibel” (SPEF) is a joint effort by Bank Negara Malaysia, the Employees Provident Fund (EPF) and the partner financial institutions.

This scheme aims to increase homebuyers’ chances of getting a loan, especially for firsttime homebuyers, by providing access to a higher loan amount than they would otherwise be eligible for at banks.

SPEF comes in two options — the step-up only, or the step-up with EPF Account 2 withdrawal.

For both options, borrowers are only required to service the loan interest in instalments for the first five years and start paying the principal beginning from the sixth year.

If homebuyers would like to get a larger loan amount, they may choose the second option where EPF Account 2 is utilised.

As at December 2017, PR1MA’s members of corporation have approved the development of 267,670 units of PR1MA homes nationwide, of which 141,831 are under various stages of construction.

A total of 14,612 units of PR1MA homes have been sold to date, with an estimated GDV of RM3.2 billion.

Meanwhile, it is noted that a total of 1.5 million applicants have registered through PR1MA’s National Registration System.