All You Need to Know About RUMAWIP
The 7 things you need to know all about helping Malaysians to own their first property Residensi Wilayah (RUMAWIP)
- were born,
- or live in any Federal Territories upon the application, especially those who do not own any property in the Federal Territories area.
On top of that, retirees are also eligible for RUMAWIP but are subject to the terms and conditions from time to time.
2. What is the income eligibility for RUMAWIP?
The household gross income for individual applicants (single) must not exceed RM10,000 per month while married couple must have a total income of no more than RM15,000 per month. The husband or wife may apply for RUMAWIP. Nonetheless, only one offer will be given to each household.
RUMAWIP offers three categories of affordable housing:
- studio or one room
- two rooms
- and three rooms with strata title ownership.
There are three types of properties:
- Low-priced house
- Medium low-priced house
- Built-up: 800 sf
- Price: RM 63, 001 – RM 150, 000
- Medium-priced house
- Built-up: 650 sf
- Price: RM 150, 001-RM 300,000
YES, RUMAWIP units sell below the market price. The RM300,000 units typically have three bedrooms, two bathrooms, and a parking space. On top of that, they have equipped facilities such as swimming pool, gymnasium, BBQ deck & sports courts. All these are built with the home buyer’s living comfort in mind.
RUMAWIP owners have the flexibility to rent out their properties to a third party subjected to certain terms & conditionns: You can rent out your units to local tenants ONLY.
The applicant will no longer be eligible for RUMAWIP if he drops any application of the programme. This is because the application is based on the ‘one-time off’ basis. Any withdrawal of the application will result in no more submission in the future.
If you are eligible for RUMAWIP, do apply as soon as possible. Start your registration today as this could be the chance for you to own your first home at an affordable price! Contact us here to find out more on the attractive deals that are perfect for you!
This article was repurposed from : https://www.iproperty.com.my/guides/rumawip-9-things-you-should-know/