PR1MA public housing may be dissolved

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KUALA LUMPUR: Perbadanan PR1MA Malaysia may be dissolved pending due diligence and a turnaround plan, its chairman Tan Sri Eddy Chen said.

He said on Thursday: “We found it very challenging because of the business model is numbers driven. It was given a big number to build and very little land to work on”.

PR1MA was established under the PR1MA Act 2012 to plan, develop, construct and maintain high-quality housing with lifestyle concepts for middle-income households in key urban centres.The housing units were to be built in key strategic urban areas nationwide, PR1MA was open to all Malaysians with a monthly household income between RM2,500 to RM15,000.

 

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N will rename

The government should never get involved in business n leave it to the business circles.

U need to fix it not kill it...its for Perumahan Rakyat.... Look like someone plan to protect the other developer...

Bravo! 😏😏😏

A right decision. Govt should get out of housing business or any business. Let people and individual sort it out.

Right thing to do

One more 'gift' from New Malaysia. Bravo.

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