Launched on Monday July 4, 2011 by Prime Minister Datuk Seri Najib Razak, the Program Perumahan 1Malaysia (PR1MA) aims to make home ownership more affordable for middle income Malaysians and under this plan, homes priced between RM150,000 to RM300,000 will be developed in urban and suburban areas nationwide beginning with the Klang Valley where the demand for middle cost homes is the highest. Therefore, as many as 20 sites covering about 825 acres of land have been identified within the Klang Valley and Seremban areas for the purpose of developing an estimated 42,078 residential units under the Program Perumahan 1Malaysia (PR1MA). Other developers involved in PR1MA developments are Cyberview Sdn Bhd, Sime Darby Property, 1MDB, Malaysian Resources Corporation Bhd, SP Setia Bhd and Tradewinds Corp Bhd.
In this instance, 1Malaysia Development Bhd (1MDB) will kickstart the development of the Bandar Malaysia project in Sungai Besi with the launch of affordable housing units within the next one to two years from now according to senior vice president of planning, development and real estate, Juraimi Azahar Taharin. He said the 1MDB affordable housing project would be unveiled to the public for comments and feedback so as to gather more information for the developer to build homes that conform to the needs of the purchasing public. 1MDB has plans to build homes with built-up in the range between 800 sq ft and 1,000 sq ft at the above estimated price subject to a survey.
1MDB is also considering working together with PR1MA for its affordable housing scheme and is looking to build 10,000 housing units in the Klang Valley within the next 10 to 15 years. The scheme is open to all Malaysians with household monthly income of less than RM6,000 and that is their first home and also for own occupancy.
1MDB is a government-owned master developer for the redevelopment of the 495-acre Bandar Malaysia in the former Royal Malaysian Air Force base in Sungai Besi. The air base has been shifted technically to Sendayan area in Negeri Sembilan. The developer signed a Sale & Purchase Agreement (SPA) in June 2011 with the Federal Land Commissioner (FLC) for the transfer of the 495-acre parcel of land.
The mixed development project with liveability and sustainability as its distinctive features, aims to be a new and vibrant landmark that reflects the aspirations of a Greater Kuala Lumpur. 1MDB is working with the Malaysian Institute of Planners (MIP) in organising
An international master planning design competition for Bandar Malaysia that is open to local and international urban planners. The key principles to be included in this project are planning and design, ecological themes, sustainable infrastructure, diverse housing solutions, comprehensive transportation, appealing open space, parks and greenery, modern technology, history and cultural identity. The result, expected to be announced in July 2012, will form the basis for Bandar Malaysia’s urban planning.
In the same context, a 7.6-acre site in Precinct 11, Putrajaya has also been identified by PR1MA for the development which will be undertaken by Putrajaya Holdings Bhd (PjH). Other developers involved in PR1MA developments are Cyberview Sdn Bhd, Sime Darby Property, 1MDB, Malaysian Resources Corporation Bhd, SP Setia Bhd and Tradewinds Corp Bhd. S P Setia and Tradewinds Corp will jointly develop 10 acres of land in Bandar Tun Razak, Cheras.
Besides Putrajaya Holdings, 1Malaysia Development Berhad will develop 560 apartment units ranging between 815 sq ft and 1,006 sq ft in Putrajaya. The project will also comprise a multi-purpose hall, kindergarden and retail units. Besides Precinct 11, there will be a total of 5,284 homes built across Putrajaya in five years under this programme.