Ok and i hope the owner will finally get it. Btw do you know all PR1MA is like this or only this project?

PR1MA Brickfields owners are in the process of signing the SPA at the moment. Also similar case to PR1MA Alam Damai. SPA is silent on the timing of issuance of strata title.

This PR1MA has the same issue for strata title too. Can we say that it don’t encourage buyer to sell it later so the process of getting strata title is not easy 🤔

Curious to see anyone buy this pr1ma project for rental? (Curi curi rent out)

You are missing the point.

A property is the biggest investment for most people. As such, before taking such a big step, every buyers needs to be crystal clear about what they can and cannot do with their property.

PR1MA's SPA clearly states that moratorium starts from the issuance of the strata title and ends 5 years after issuance of strata title. Without a timeframe for the timing of issuance of strata title clearly stated in the SPA (which is what every other private development in Malaysia is adhering to per the amendments to the Strata Title Act), the moratorium is ambiguous which creates alot of uncertainties.

You may very well be holding onto your property for a very long period of time without being able to legally sell or rent it out.

I can see your point here that what i had been wondering is not an issue at all since moratorium is in place.

Even if they did, I doubt they'll announce it here.

I know my cousin in Kuching plans rent out his unit at PRIMA @ Jln. Jubilee coz he is not moving to KL in the near future.

But when there is no clause in the SPA stating that you cannot rent/sell the unit within a stipulated timeframe (5 years), then he/she is free to do so.

Sigh. It is an issue, my dear.

When there is no strata title, and nobody can tell you when they are going to give it, your moratorium is as good as forever.

That is the issue.

Agreed that there is no clause in the SPA on renting.

But it is against the spirit of the PR1MA affordable housing scheme in the first place. If reported, PR1MA might take some action. Be prepared to take the risk.

I know what you mean as moratorium is dependent on the strata title issuance date. No issuance date the moratorium will never start or end. The “issue” that i refer to is different however thank for sharing as i have learnt alot here 😊

How do the own-stayers there tell which unit is rented out and which ones are not? If there are foreigners living in a unit or two, then its easy to spot them, but what about the local ones? Especially those who stayed there for 5 years or more?

This is the loophole that the previous BN gov't did not properly address for affordable housing schemes such as PR1MA and Rumahwip. There are even cases where parents used their children's quota to buy the units in the latter for investment and who knows what kind of tenant will rent them.

And once the moratorium period is over, then its a free-for-all where you can rent/sell out to any Tom, Dick and Harry, regardless of income level.

Hmm, I suppose if you are staying there, you would surely notice if your neighbour's face changes every few months or so. Don't tell me everyone living in a community, sharing the same lift and common facilities cannot recognise their own neighbours?

Also in the SPA, there is a specific section which states that the PR1MA Act 2012 shall apply to the sale and purchase transaction at all times and the purchases is bound by the rules and regulations under the said Act. A simple amendment to that Act to include restrictions on renting and your legal loophole is lost.

It all comes down to effective enforcement and let's see whether the new government is up to the task.

Mate, I live in a two-block condo comprising of 250 units for 4 years dy and I don't bump into every single owner/tenant of those units when I go to work or go out for my own leisure. I can only remember the neighbours on my floor, but not on the other floors because whenever I use the lift, I seldom bump into them. Furthermore, I seldom frequent the facilities floor and when I do happen to pass by it, I don't see that many people using it.

So you see why it's not easy to spot the renter(s) among the owners? The most obvious will be those who turn their units into airbnbs or those rented out to foreigners, but what about the long-term renters such as those who stayed there for years? He/she will just be treated as part of the community as much as that of the average own-stayer.

This post has been edited by DesRed: Jul 27 2018, 06:54 PM

No pray play oh. I knew someone kena, because renting out, he receive warning letter and fine letter from gov/ dbkl yo.

If you Google quite a few rental ads for PR1MA, especially those that are completed like that in Presint 11, Putrajaya

For Pr1ma Alam Damai, i was told by the renovation contractors that there are already people renting. Nobody cares whether people are renting out their units or not. People will only make noise when there are other problems such as disturbances which affect their daily lives.

U got unit to rent out ah?

Looking for one here

Agree. I only think you will kena if DBKL does a random spotcheck or some busybody owner with too much time on his/her hands goes around digging up the details on each and every neighbour (owner/tenant). If you're lucky not to have the latter neighbour, then no worries at all.

You can say that is one of the reasons why I'm not too keen on any PR1MA or Rumaw1p project.

This post has been edited by DesRed: Aug 1 2018, 08:48 AM

I think the owners definitely will not dare to simply rent to foreigners because easily noticed by the people. So compared to private projects, this is thrle advantage?

Your point being?

I have no plans to buy either Rumaw1p or PR1MA homes for investment or even own-stay, fyi.