PETALING JAYA: Perbadanan PR1MA Malaysia (PR1MA) has reduced prices by as much as a quarter under the current Home Ownership Campaign, with many of the houses sold below launching price and even lower than market price. The move to reduce prices will also help to reduce the country’s unsold residential units of up to RM19.86bil. Chen said the housing agency has bookings valued at RM2.3bil, with a volume of close to 10,000 units under the current ownership campaign which ends on June 30. PR1MA units used to have a cap of RM400,000. PR1MA was set up to provide affordable housing and there were plans to build up to 80,000 units when the agency was first set up.

Source: The Star May 02, 2019 21:11 UTC