Perumahan Rakyat 1Malaysia (PR1MA) will be officially launched 7 December 2012

The online registration for 80,000 affordable homes to be built in 50 cities and towns under the Perumahan Rakyat 1Malaysia (PR1MA) will be officially launched in Penang on Saturday.

Qualified applicants will be able to take part in the balloting of the houses which will be built at the cost of about RM10bil over the next three years.

“People in Penang will be the first to register and benefit from the Government's affordable urban housing programme,” PR1MA Berhad's chief executive officer Datuk Mutalib Alias told a media briefing yesterday.

He said work on the 333ha PR1MA Seremban project was expected to begin early next year while parcels of urban land in Kuala Lumpur, Selangor, Penang, Johor, Malacca, Sabah and Sarawak had been identified for the project.

“PR1MA will develop 50,000 homes while the additional 30,000 would be built through collaboration with established private developers.

“We will provide affordable units to meet the needs of urban dwellers,” he said.

Mutalib said individuals and married couples with a monthly collective household income of between RM2,500 and RM7,500 a month were eligible to register for PR1MA homes.

Landed and high-rise properties are priced between RM100,000 and RM400,000.

He said PR1MA adopted a flexible definition of eligible household income so family members who qualified could also register individually.

BCD Berhad

If you are familiar with this developer (BCD Berhad), you will link it to the new launch Concerto North Kiara, Segambut Dalam, Mont Kiara. This is a summary of what BCB has done so far and how it will grow from here.

Besides of Concerto North Kiara, Segambut, Mont Kiara, it has another 2 projects in Klang valley namely bungalows in Kota Kemuning and Taman Yarl, KL. These 3 projects given a total gross development value of RM2bil and above.  

BCB was a developer particularly in Batu Pahat and Kluang, Johor. The projects on hand include Taman Bukit Perdana, Evergreen Heights and Bandar Putra Indah, BCB Plaza, Prime City Hotel in Kluang and U-Mall in Skudai. It still has a total undeveloped landbank of 800 acres in Johor.

The upcoming launch of BCB is in may be early next year include 151 acres of leasehold land for 513 units bungalow development and 49 shophouses. The land was acquired in 2011 @ RM108mil (16psf) This guarded and gated development will be launched in 4 phases.  The indicative price of the bungalows starts at RM2 million with land area from 6,000 sq ft and built-up areas between 4,500 sq ft and 6,000 sq ft.

Upcoming Launch Rainz Residence

Rainz Residence is located at OUG, Bukit Jalil by a devloper knownas Jalil Max. It is still at a very preliminary stage of development planning and scheduled for launching in 2013.

Rainz Residence consists of : -
1 block of 39-storey condo
3 blocks of 32-storey condo
1 block of 13-storey condo

Further details on this Rainz Residence is not available for the time being. It has a few images and the facade is very impressive. Check out the artist impression as follows : -



Rainz Residence

Rainz Residence

Rainz Residence



Rainz Residence

Rubber Research Institute of Malaysia (RRIM)

The redevelopment of the Rubber Research Institute of Malaysia (RRIM) land is part of the greater Kuala Lumpur Strategic Development initiative, under 10^th Malaysia Plan.

Rubber Research Institute of Malaysia (RRIM)

It is in the news that the prequalification process for bids of Rubber Research Institute of Malaysia (RRIM) land in Sungai Buloh, Selangor will start by end of this year. EPF will call for the prequalification bids as soon as it gets the government’s nod for the proposed development of the land. Developers who meet the requirements of financing, expertise, reputation and innovation will be considered.

EPF (Kwasa Land Sdn. Bhd., EPF’s wholly owned unit) is the landowner and master developer of the project. EPF bought 890 hectares of the total 1,215 hectares supply from Federal Government for over RM2bil. EPF will then carve the land out into 20 hectares to 200 hectares each parcel. The balance of Rubber Research Institute of Malaysia (RRIM) land is for :

• Malaysian Rubber Board hub (217 hectares)
• My Rapid Transit (MRT) Sungai Buloh depot (72 hectares)

The latest news as published in Star last week, Dijaya Corp Bhd is talking with EPF on jointly developed certain parcels of Rubber Research Institute of Malaysia (RRIM) land in Sungai Buloh. Rubber Research Institute of Malaysia (RRIM) land begins from My Rapid Transit (MRT) Sungai Buloh depot in the Northern portion and end with the Southern portion bordering the Tropicana Gold & Country Resort, a development by Dijaya. In order to have an access directly to Petaling Jaya, an access road through Tropicana Golf Resort is required. As such, Dijaya is currently in the midst of preparing an amalgamation deal. Dijaya in April already entered into agreements with several vendors for a proposed acquisition of 73 properties, comprising 49 parcels of land and 16 buildings for RM949.9mil.

Rubber Research Institute of Malaysia (RRIM)

Costs involved to buy a property in Malaysia

What are the costs involved to buy a property in Malaysia? Below are the summary of it : -

Booking fee:

2% of the purchase price. The amount is subject to negotiation between the seller and buyer.

Down payment upon signing of Sales & Purchase Agreement (SPA): 10% of the purchase price (inclusive of the booking fee.

Stamp duty for Memorandum of Transfer:

First RM 100,000	1%
Next RM 400,000	2%
Above RM 500,000	3%

Legal fee:

Legal fee for Sales & Purchase Agreement *	First RM 150,000	1%
	Next RM 850,000	0.7%
	Next RM 2 million	0.6%
	Next RM 2 million	0.5%
	Next RM 2.5 million	0.4%
	Next RM 7.5 million	Negotiable

*The legal fee is subject to a minimum RM 300 fee and for the purchase of a low-cost or medium cost houses governed by the Housing Development (Control & Licensing) Act 1966 (HAD 1966), special concession of flat rate of RM 250 is given to the lower income group.

Valuation fee (applicable for subsale buyer for loan security purposes):

	Fee for other capital valuation / rating valuation services based on an 'Improved Value' basis 1		1/4% of the first RM100,000
			1/5% of the residue up to RM2 million
			1/6% of the residue up to RM7 million
			1/8% of the residue up to RM15 million
			1/10% of the residue up to RM50 million
			1/15% of the residue up to RM200 million
			1/20% of the residue up to RM500 million
			1/25% of the residue over RM500 million
Estate agency fee  (applicable if you engage an Estate Agent):
Sale or purchase		Land and buildings Maximum fee of 3%

And of course abit of miscellaneous charges from developer, lawyer and banks to be paid for buying a property in Malaysia.