CYBERJAYA, Malaysia - The first phase of the 1Malaysia Housing Programme (PR1MA) for affordable homes here will be open for sale in the third quarter of next year.
The project - the first of its kind in Cyberjaya - will offer 794 apartments in total, 325 of which are in the first phase.
The PR1MA homes are part of an RM1.055 billion (S$410 million) project to construct 2,500 housing units, including two-storey link houses, government quarters and a 2.44ha commercial plot.
Cyberview Sdn Bhd and Gadang Holdings Bhd are managing the project.
"This is a housing project for the public and government sectors, and for people working in Cyberjaya," said Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah during a ground-breaking ceremony on Friday.
He said Cyberjaya will be an integral part of Malaysia's development and will contribute to its growth.
"I visited the Silicon Valley recently (and) we want to have partnerships with some of the companies there to help our startups become world-class businesses," he said.
Dr Mohd Irwan, who is also Cyberview chairman, reiterated that the Government's vision is to turn Cyberjaya into a premier ICT (information and communications technology) hub.
Cyberview managing director Faris Yahya said the housing programme is expected to create business opportunities and meet the needs of at least 10,000 people.
Cyberjaya has a population of about 55,000.
Meanwhile, Dr Mohd Irwan said the Malaysian Global Innovation and Creative Centre will be a one-stop facility to train, develop and nurture successful entrepreneurs.
"The Treasury and Government are formulating a national entreprenuer development policy, aimed at helping aspiring Malaysians become successful entrepreneurs," he added.