Thursday, December 20, 2012

PR1MA Projects at Nusantara Prima, Johor

PR1MA Projects at Nusantara Prima, Johor Good news for eligible Malaysia in Johor as 8,000 affordable homes will be built here under the 1Malaysia People's Housing Scheme (PR1MA) to cater to the high demand from the middle-income group in Johor area. As a start, PR1MA house will be developed in Nusantara Prima.

A total of 201 units of affordable homes are to be built by Denia Development Sdn Bhd as part of its 1,300 units of housing in Nusantara Prima, a joint-venture project with UEM Land Holdings Bhd, which is the landowner.
Nusantara Prima is an exclusive development spanning across 266.58 acres in the burgeoning Bandar Nusajaya, which is poised to be a key commercial, entertainment and residential hub for the southern region of Malaysia

Type of PR1MA house at Nusantara Prima

2 types of units are available for applications now.
  1. Type 2A consists of 94 units of 2 storey terrace house (1384 sqft)
  2. Type 2C consists of 107 units of 2 storey terrace house (1392 sqft).

Price of PR1MA House

Both types of houses are 18' x 65' and prices starts from RM199,000 respectively. ELIGIBILITY CRITERIA:
  1. Open to Malaysian citizens aged 21 and above
  2. Residing or working within the borders of the Johor Bharu City Council, Johor Bharu Tengah Municipal Council, Kulai Municipal Council, Pasir Gudang Municipal Council and Pontian Municipal Council.
  3. Monthly gross household income (husband and wife combined/ single) between RM2,500 and RM7,500
  4. Applicant and/or spouse has no property other than a unit of Low Cost Housing /Low Medium-Cost Housing
  5. The homes must be owner-occupied
TERMS AND CONDITIONS:
  1. The homes must be owner-occupied
  2. A 10-year moratorium will be imposed, during which the property cannot be sold or transferred to another party
ADDITIONAL INFORMATION:
  1. Applicants must register online via www.pr1ma.my
  2. Application starts from December 13, 2012
  3. Legal fees and Stamp duty applies
  4. Successfully balloted home buyers may proceed with their own end-financing arrangement with their financial institution of choice
Closing date for the application will be announced at a later date

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