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KUALA LUMPUR (Oct 21): The new end-financing scheme exclusively for Perumahan Rakyat 1Malaysia (PR1MA) announced in the 2017 Budget could boost home ownership among middle income earners.
PR1MA chief executive officer Datuk Abdul Mutalib Alias said with the new end financing scheme, more than 74% or 980,000 PR1MA registrants would have increased accessibility to house loans, Bernama reported today.
"End-financing is a critical step towards house ownership. More will be able to own PR1MA houses with the availability of this special scheme," he said in a statement today.
For example, those earning RM3,000 per month may be able to secure financing of up to RM295,000, from the previous loan threshold of about RM187,000 — subject to terms and conditions, he said.
Bernama reported that PR1MA homebuyers may start applying for this scheme immediately and the outcome would be made known from January 2017 onwards.
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