Yet another property event, exhibition that is not to be missed. Afterall, it's been a while since the news was brought up about making home ownership easier (or affordable?) for middle-income earners, age between 18 - 35.
Stumbled upon the event, after virtually window shopping for property in one of the Malaysia property portal, in the events. Here's what's it all about :
The event and the launch of pr1ma (caps?)
Venue: Putra World Trade Center, Kuala Lumpur
Date : 29th, 30th and 31st July 2011
Time : 10 am - 7 pm
Here's a summary of what, how, where and for whom the programme is about:
42,000 houses are meant to be built in various places, namely Klang Valley, Rawang and Seremban. The houses price ranges from RM 150,000 to RM 300,000, which is meant to be made affordable than the usual housing prices especially around hotspot areas. Houses will be a mix of landed and high-rise properties depending on the location. As for the loans, one can get up to 105% from selected financial institutions. The 5% is meant to pay for the legal fees and such.
To prevent speculation, and for the purpose of aiding people to buy their first home more than for investment purposes, buyers will need to live in the house for 10 years. In other words, you can't sell it off unless after 10 years.
In the shoes of a first home buyer, I guess I won't have qualms about that, as it's for the purpose of having a home and not for investment.
It expects to attract many visitors, and the question for the high number of visitors is, how fast will the property sell out, what are the chances of getting your hands on one property, in the 3 days?
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