There is a good chance that owners of 1Malaysia Housing Programme (Pr1ma) homes will not be allowed to resell their houses at market price even after the 10-year moratorium period, according to a report by Star Property.
Prof Datuk Dr Kamarul Rashdan Salleh, Managing Director at Syarikat Perumahan Negara Bhd (SPNB), said the government may buy back the houses if homeowners decide to sell them after the 10th year.
“They (owners) cannot sell it in the open market. I think the government will enforce that,” he said after the ‘Affordable Housing: A Fact or Fiction?’ panel discussion during the Third Annual Affordable Housing Projects conference.
Quote from PropertyGuru News 9 July 2012
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