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Affordable Housing - A PR1MA Promise

Christopher Choong | Yin Shao Loong

20-May-15 08:35

Affordable Housing - A PR1MA Promise

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 affairscurrent affairhousingaffordable housingpr1mayin shao loongchristopher choongundpinstitut rakyatunited nations development program

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