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The 1Malaysia Housing Programme or Perumahan Rakyat 1Malaysia (PR1MA) is a housing development programme in Malaysia. Launched on 4 July 2011 by former Prime Minister Najib Razak , the project is currently managed by the government-owned company Perbadanan PR1MA Malaysia under the Ministry of Local Government Development .
A mortgage loan or simply mortgage (/ ˈ m ɔːr ɡ ɪ dʒ /), in civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners to raise funds for any purpose while putting a lien on the property being mortgaged.
Syarikat Perumahan Negara Berhad (SPNB) is a national housing development company owned by the Malaysian Ministry of Finance Incorporated and has been established since 1997. SPNB has been under the purview of the Ministry of Housing and Local Government (KPKT) as of 3 August 2018.