IPOH, 2 MARCH 2018: PR1MA @ Teluk Intan project, one of the pioneering developments in Bandar Teluk Intan located at Changkat Jong Road, has received approvals to begin construction works.
The new residential development which consists of 957 single and double storey units, with an estimated Gross Development Value (GDV) of RM232 million, is scheduled for completion by year 2020. Phase 1 of the project which consist of 523 single storey units will be up for sale and priced not more than RM200,000.
With the construction of the Universiti Pendidikan Sultan Idris (UPSI) campus adjacent to this project and is target for completion by end of this year, PR1MA @ Teluk Intan development will help to further drive the city’s growth while meeting the middle-income (M40) group request to own comfortable and quality housing.
“The presence of a well-established university in Bandar Teluk Intan and a growing income of families particularly the M40 group are expected to drive greater demand for homes in the area. In this regard, PR1MA aims to provide the Rakyat with quality homes that are fairly priced, suited for their lifestyle and needs. More importantly, this pioneering high-rise community will help create a more vibrant community in Teluk Intan contributing towards the district’s socio-economic development," said Dato' Abdul Mutalib bin Alias, Chief Executive Officer of PR1MA, at a press conference at the Ekspo Jualan Perumahan – Ke Arah Sejuta Impian today.
Also present at the press conference was Datuk Seri Mah Siew Keong, Minister of Plantation Industries and Commodities, and Teluk Intan Member of Parliament.
Thefive-dayevent, the country’s largest home expo, is a joint initiative between Perbadanan PR1MA Malaysia (PR1MA); Ministry of Urban Wellbeing, Housing and Local Government; the National Housing Department (NHD); Syarikat Perumahan Negara Berhad; 1Malaysia Housing Projects for Civil Servants (PPA1M) as well as various State Government agencies.
Currently into its second day, close to 40,000 fairly priced homes are up for sale during this mega home expo. There is a wide selection of homes for Malaysians from all income levels available at the expo, especially for the lower income (B40) and M40 groups. More than 70 per cent of these homes are priced below RM250,000.
Among the residential projects available include more than 20,000 PR1MA units in Perak in strategic locations such as Bagan Serai, Bandar Meru Raya, Teluk Intan, Kamunting, Lumut and Sitiawan.These quality PR1MA homes are fairly-priced between RM120,000 and RM350,000, suited for the M40 groups who are earning an average household income of RM6,000. These homes are equipped with lifestyle and community commonly found in projects by private developers such as multipurpose hall, playground, surau, child care centre and swimming pool.
To ease first-time buyers’ registration process, the expo will also feature various information and sales booths, serving as a convenient one-stop-centre for potential buyers to gather all relevant information pertaining to PR1MA homes assisted by PR1MA staff as well as representatives from financial institutions and relevant agencies.
“In championing the interest and wellbeing of the Rakyat, the Government has made it a top priority to help Malaysians to own comfortable homes. The availability of housing projects by various agencies to facilitate home ownership, all of which are being showcased here under one roof at this Expo, clearly demonstrates this. In fact, PR1MA has step in to ensure that M40 group will not be overlooked when it comes to obtaining fairly-priced quality homes, particularly to further ease their financial pressures arising from the cost of living. This project clearly shows that the Government is fulfilling its promise of delivering 1000 homes for the M40 group in Teluk Intan,” said Dato’ Mutalib Alias.
The Ekspo Jualan Perumahan event was launched by Dato’ Seri DiRaja Dr. Zambry Abdul Kadir, Menteri Besar of Perak, earlier this week. Perak was the first to host in the series of expos. The expo in Perak will conclude on 5th March 2018 and will be making it round nationwide in other states.The next one will be held at Sabah Trade Centre, Sabah from 15th March to 19th March 2018 followed by Putra World Trade Centre, Kuala Lumpur on 24th March to 1st April 2018.