In the final part of our PR1MA Series, we examine the steps to signing up for the programme as well as other things you need to take note of when you’re a PR1MA home owner.
6 steps to register
Step 1: Create an account and set up your very own PR1MA ID and password, then have them verified with your email. You can do this here.
Step 2: With your ID and password, log in to the PR1MA website and follow the instructions to get your unique PR1MA Number.
Step 3: After registration, wait to be notified via email or SMS when the development of your choice is launched. Once you’ve received notification, you can submit an application for balloting.
Step 4: Following submission, your application will be verified. This usually takes place after the entire application period has ended. Successful applications will then be processed for balloting.
Step 5: Once balloting is completed, the successfully balloted numbers will be listed on its official website. If you are a successful ballotter, you will also be contacted via email or SMS. Thereafter, you are to proceed with your own end-financing arrangement with the bank of your choice.
Step 6: Once everything is in order, they will proceed to contact you on your allocation (i.e. unit number).
2 things to take note of
Due to the nature of the initiative, all successful purchasers are advised to take note of 2 clauses that separate its properties from other properties in the market.
- Firstly, the properties are subjected to a 10-year moratorium. To put it simply, you will NOT be able to sell or transfer your PR1MA property to another party without prior approval during the said period.
- Secondly, the property must be owner occupied. If you own one, you have to stay in it, without exception. So, forget about earning some extra cash by renting it out.