RUMAWIP KUALA LUMPUR

Unveiling RUMAWIP: Your Guide to Affordable Housing in Malaysia

Unveiling RUMAWIP: Your Guide to Affordable Housing in Malaysia

Everything You Need to Know About Residensi Wilayah

Thinking about buying your first home in Malaysia? The Residensi Wilayah (RUMAWIP) program might be the perfect solution! Here’s a breakdown of everything you need to know:

1. Eligibility:

  • Be a Malaysian citizen of at least 21 years old.
  • Live, work, or be born in any Federal Territory (KL, Putrajaya, Labuan) at the time of application.
  • Meet income requirements:
    • Single applicants: Max RM10,000 monthly gross income.
    • Married couples: Max RM15,000 combined monthly gross income.
  • Retirees may apply under specific terms and conditions.
  • You cannot already own a house in any Federal Territory (except inherited property).

2. Income Restrictions:

RUMAWIP has clear income limitations:

  • Single applicants: Maximum monthly gross income of RM10,000.
  • Married couples: Maximum combined monthly gross income of RM15,000.
  • Only one offer per household, regardless of who applies (husband or wife).

3. Available Housing Options:

RUMAWIP offers a variety of affordable housing choices:

  • 3-bedroom condominiums (with strata title ownership)

4. Strategic Locations:

RUMAWIP developments are conveniently located near public transportation and populated areas:

  • Rumawip KL
  • Rumawip Cheras
  • Rumawip Wangsa Maju
  • Rumawip Bukit Bintang

5. Below Market Prices:

RUMAWIP units are significantly cheaper than market value.

For example, a 3-bedroom unit might include:

  • Two bathrooms
  • Kitchen
  • Living room
  • Dining room
  • Yard
  • Parking space

6. Financing and Deposit:

  • No funding aid is provided.
  • Applicants are responsible for securing home financing.
  • No booking fees!
  • Upon successful application, a 10% deposit of the total unit price is required to proceed to the Sale and Purchase Agreement (SPA).

7. Selling and Renting:

  • RUMAWIP owners can rent their units to local tenants only.
  • A 10-year moratorium period applies from the SPA signing date.
  • You cannot transfer or sell the property within this period without government permission (except to immediate family members).

Ready to Explore RUMAWIP?

With its affordable prices and convenient locations, RUMAWIP is a great option for first-time homebuyers in Malaysia. Now that you’re armed with this information, you can confidently determine if RUMAWIP aligns with your needs.

aison