Developer urges Govt to extend PR1MA end-financing scheme to RumaWIP
Bernama
October 24, 2016 16:47 MYT
October 24, 2016 16:47 MYT
Under the 2017 Budget announced last Friday, PR1MA house buyers would be eligible for a housing loan of RM295,000 with only RM5,000 deposit. - www.pkink.gov.my/Files
SkyWorld Development Sdn Bhd has urged the government to extend the new end-financing scheme for the 1Malaysia People's Housing Programme (PR1MA) houses to include the Federal Territory Affordable Housing Project (RumaWIP).
Its managing director, Datuk Ng Thien Phing, said this would tremendously help first-time house buyers here.
SkyWorld Development is one of the developers for RumaWIP.
Under the 2017 Budget announced last Friday, PR1MA house buyers would be eligible for a housing loan of RM295,000 with only RM5,000 deposit.
"We understand that for the RM300,000 PR1MA houses, buyers are only required to pay RM5,000 and they will get a loan of RM295,000.
"We hope the government can also extend this for RumaWIP," he told reporters at the topping-off ceremony of the company's development, Ascenda Residences, here today.
Ng said this financing scheme should be extended to RumaWIP because this programme was also initiated by the government, specifically, the Federal Territories Ministry.
On future affordable home projects under RumaWIP, he said, SkyWorld Development planned to build another 4,000 units, SkyAwani 3, and it was currently identifying the location.
He said so far, the company has built almost 2,000 houses under RumaWIP and it still had over 40.5 hectares strategically located here with more than RM10 billion in gross development value.
Meanwhile, Ng said, SkyWorld Development planned to float its shares on Bursa Malaysia by 2018 or 2019 as it expected the property market to recover around that time.
At the event, SkyWorld Development and Kuala Lumpur City Hall announced major upgrading of infrastructure to and from SkyArena integrated city development and Setapak areas, which included a new one-kilometre flyover and two-km trunk road to a 100-feet four-lane carriageway.
Also present were Setiawangsa Member of Parliament Datuk Ahmad Fauzi Zahari and Kuala Lumpur City Hall Executive Director (Planning) Datuk Mohd Najib. -- Bernama