KUALA LUMPUR: The target was 500,000 affordable homes in 5 years for the middle-income group that has been priced out of the property market. Though that is still a long way from its mandate of 500,000 homes. To deliver 500,000 homes, PR1MA estimates it would need about 12,500 acres based on a plot ratio assumption of 40 units per acre. Some saw PR1MA as competing with private developers in a market that was already getting crowded,” said a property sector observer who has tracked PR1MA’s journey. Check out also why 'Non-subsidised PR1MA homes also means tough delivery of rent-to-own'.

Source: The Edge Markets February 25, 2017 05:50 UTC