PR1MA housing loan easier | Daily Express Online

PR1MA housing loan facilitated

Published on: Saturday 05 March 2022

By: Malay Mail

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Prime Minister Datuk Seri Ismail Sabri Yaakob meets home buyers during a visit to Larkin Indah Residence in Johor Baru, March 4, 2022. ― Photo by Hari Anggara

JOHOR BAHRU: Prime Minister Datuk Seri Ismail Sabri Yaakob announced on Friday that self-employed people can now apply for loans for the Perbadanan Pr1ma Malaysia Berhad (PR1MA) housing scheme through the Housing Credit Guarantee Scheme (SJKP). He said SJKP – which is wholly owned by the Ministry of Finance – allowed greater flexibility for young people interested in buying their first home as it did not have the strict requirements of conventional property finance and therefore would benefit entrepreneurs as well as workers in the gig economy. “This effort is in line with the announcement made during Budget 2022 last year where a total of RM2 billion was allocated to SJKP to implement this mandate,” he said during his visit to Residensi Larkin Indah, here.

“This demonstrates the government’s commitment to seeing Malaysian families have easier and wider access to housing finance such as PR1MA. Ismail Sabri also said buyers of Residensi Larkin Indah would be the first to be offered this form of financing before it is extended to other PR1MA projects. Also present at the event were Housing and Local Government Minister Datuk Seri Reezal Merican Naina Merican, Federal Lands Minister Datuk Seri Shahidan Kassim and PR1MA Chairman Fathul Bahri Mat Jahya.

PR1MA is a state-owned company that aims to plan, develop, build and maintain high-quality housing for middle-income households in key urban areas and sell it to first-time buyers in Malaysia.
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