PR1MA housing scheme has received praises and is considered a noble move to provide affordable housing for the people…until the recent announcement of reduction of moratorium from 10 to 5 years, the effect of which will increase speculation of housing prices. Those who can sell off the units at a higher price can definitely afford another home.
How this will align with the objective of providing affordable housing for its people? Will this result in more homeless people? A single occurrence can have chain effect.
And this housing scheme is considered a caring move for the people….until you see how the end-financing works and how withdrawing from EPF for payment of monthly instalments works.
While this PR1MA scheme is only for people with income, many other housing issues that the government still needs to work out, such as, to provide affordable homes for people without income and yet needs shelters.
After all, fair and affordable housing should be a basic right for all Malaysians.