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560 apartment units under PR1MA programme to be sold for 120,000 a unit

560 apartment units under PR1MA programme to be sold for 120,000 a unit

PUTRAJAYA July 4 — The 560 apartment units at precinct 11 here to be built under the 1Malaysia Housing Programme (PR1MA) will be sold for RM120,000 a unit, Prime Minister Datuk Seri Najib Tun Razak announced today.

He said the price was cheaper than the earlier price set between RM150,000 and RM300,000.

The project, to be developed by Putrajaya Holdings Sdn Bhd, is the first site identified under the first phase of the PRIMA Programme, he said.

Najib said the apartment units, measuring 1,006 sq ft by 815 sq ft, will be built on a 7.6 acre site here.

The project will have a multi-purpose hall, a nursery, kindergarten, surau, business lots and shops, he said when launching the project today.

The PR1MA Programme was launched to help medium-income earners to own houses as they could ill-afford to buy high-cost houses and could not be considered for a house under the low-cost housing programme.

Apart from precinct 11, Najib said 5,284 apartment units would be built under the PRIMA Programme at the federal government administrative centre here in the next five years.

Of the total, 1,317 would be built next year; 1,107 units in 2013; and the rest in 2015 and 2016, he said.

He said RM9 million would be allocated to Putrajaya Holdings as a facilitation fund to ensure that the houses could be offered to the people at the price set by the government.

Najib also reiterated the government”s stand that the houses nuilt under the PRIMA Programme was the social corporate responsibility of the companies under the Public Private Partnership initiative.

“I don”t want to see profit or loss here. Break-even is enough,” he added.

The Government has identified 20 strategic sites around Klang Valley, Rawang and Seremban to build 42,000 houses costing below RM300,000.