The 1Malaysia Housing Program or Perumahan Rakyat 1Malaysia (PR1MA) was announced by Prime Minister Najib Razak in 2011, in a bid to resolve the issue of home ownership among middle-income earners in Malaysia. Similar affordable housing schemes have also been offered at the state level under various government-linked companies. Despite all these, first-time homebuyers still find it a struggle to pay the downpayment for homes. We take a critical look at the fundamental factors affecting housing affordability, how housing schemes like PR1MA sought to fill the gap and how it has performed thus far.

This is a report by Aisyah Tajuddin and Sherilyn Goh.

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Tags:  current affairs,  current affair,  housing,  affordable housing,  pr1ma,  yin shao loong,  christopher choong,  undp,  institut rakyat,  united nations development program