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The Business Station
Revamped PR1MA Needs to Solve Conflicting Aims
5 mins·07:15, 8 Jan 2020
Revamped PR1MA Needs to Solve Conflicting Aims
5 mins
·
07:15, 8 Jan 2020
·
Recommended
Housing and Local Government Minister Zuraida Kamaruddin announced plans to mould PR1MA into a national housing corporation. Such an organisation is caught between a rock and a hard place as it needs to resolve the conflicting aims of social housing with the commercial realities of making enough money for it to be self-funding. The problem is that a self-funding property venture may need to sell homes at market prices, the very thing that drives homes out of the reach of many.
Presenter: Shou Ning Wong, Lyn Mak, Julian Ng
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