In the final part of our PR1MA Series, we examine the steps to signing up for PR1MA as well as other things you need to take note of when you’re a PR1MA home owner.
6 Steps to Registering for a PR1MA Property
Step 1: First, you’ll need to create your 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 site and follow the instructions to get your unique PR1MA Number. You can do this here.
Step 3: After registration, wait to be notified via email or SMS when a PR1MA 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 PR1MA numbers will be listed on PR1MA 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, PR1MA will proceed to contact you on your allocation (i.e. unit number).
2 Things to Take Note Of When You’re a PR1MA Home Owner
Due to the nature of the PR1MA initiative, all successful purchasers are advised to take note of 2 clauses that separate PR1MA properties from other properties in the market.
6 Steps to Registering for a PR1MA Property
Step 1: First, you’ll need to create your 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 site and follow the instructions to get your unique PR1MA Number. You can do this here.
Step 3: After registration, wait to be notified via email or SMS when a PR1MA 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 PR1MA numbers will be listed on PR1MA 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, PR1MA will proceed to contact you on your allocation (i.e. unit number).
2 Things to Take Note Of When You’re a PR1MA Home Owner
Due to the nature of the PR1MA initiative, all successful purchasers are advised to take note of 2 clauses that separate PR1MA properties from other properties in the market.
- Firstly, PR1MA 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 from PR1MA during the said period.
- Secondly, PR1MA properties MUST be owner occupied. If you own one, you have to stay in it, without exception!
Need a recap on information related to PR1MA? Why not go back to Part 1 and learn about PR1MA all over again.
Already qualified for a PR1MA home and looking for end-financing? Go to our home loan comparison table to get the best rate right now.
Use our mortgage calculator to find out how old you will be when you finish paying your loan.
Already qualified for a PR1MA home and looking for end-financing? Go to our home loan comparison table to get the best rate right now.
Use our mortgage calculator to find out how old you will be when you finish paying your loan.
