Steps to buying a home
If you really want to tap into the buyers’ market and have been dreaming of owning your own home, this is a good time to consider buying one. Here are some tips for your home buying journey.
If you really want to tap into the buyers’ market and have been dreaming of owning your own home, this is a good time to consider buying one. Here are some tips for your home buying journey.
"The city has become a place that the younger generation call their 'kampung' and they are more keen to own a home here (in the city). Hence, there was a surge in demand for homes ... The challenge for the government now is to provide as many affordable homes as we can for them," said Mahathir.
A PR1MA home is priced between RM100,000 and RM400,000 per unit, before discount. PR1MA was established to develop quality houses for those with a household income of between RM2,500 – RM15,000 a month living in urban and suburban areas.
According to NAPIC, Malaysia has as many as 43,211 unsold residential units worth a total of RM29.47 billion. On the other hand, consumers have been lamenting that property prices are too high and are no longer affordable. The HOC aims to bridge that gap.
To date, some 17,000 residential units have been registered for sale under the HOC.
“Developments should be built with density that would be supportive of productivity. Plot ratios should not be so low that they cause sprawling effects and pollution.”
Husband and her do not have any credit track record.
“Government intervention is needed for low-wage earners to own a home. This scheme provides an additional option for buyers having problems in getting the down payment for a home.”
From a young married couple to someone who just entered the job market.
Housing and Local Government minister Zuraida Kamaruddin: “It was a proposal by EdgeProp to help those who find it tough to purchase a home."