RUMAWIP stands for Residensi Wilayah. It is an affordable housing programme initiated by the government in 2013. This programme aims to assist lower and middle-income groups of people to become a first-time homebuyer. It is also an initiative to encourage collaboration between local authorities and developers to design and develop affordable housing for Malaysian citizens. This programme is expected to develop 80,000 housing units throughout all Federal Territories – Kuala Lumpur, Putrajaya, and Labuan within 5 years.
Who can apply for RUMAWIP?
Malaysian citizens - 21 years old Above
Born, work or live in Kuala Lumpur during the application (ask for more if both no)
1st property in Kuala Lumpur
Retirees are eligible under terms and conditions
Household gross income for individual applicants must not exceed RM10,000 per month
Married couple must have a total income of no more than RM15,000 per month
How does RUMAWIP look like?
RUMAWIP units sell below the market price. A parking space, 3 bedrooms, and 2 bathrooms are included in the RM300,000 nett. Furthermore, common Facilities such as swimming pool, gymnasium and playground are provided to the residents. The units are built with reasonable layouts with easy accessibility. It helps the low and middle-income groups of people to adopt a comfortable and relaxed life in the new homes.
All the RUMAWIP properties come with a bare unit. In other words, the owner is able to design the unit from scratch according to his/her preference. Renovating a bare unit is cheaper than renovating a sub-sale house or changing the design of a fully furnished house. Removing and replacing things certainly cost more.
RUMAWIP Locations
RUMAWIP in Setapak, Bukit Jalil, Sungai Besi, Bandar Tasik Selatan and Putrajaya are among the RUMAWIP projects that are currently open for registration. Furthermore, there are upcoming RUMAWIP 2025 in Taman Desa, Sentul, Taman Melati, Cheras, Salak South and Pudu as well.
More infomation to search in Marketing Website below: https://www.residensiwilayahpersekutuan.com/rumawip-residensi-wilayah
What RUMAWIP properties are open for application at the moment?
Residensi Andalan, Bukit Jalil (Freehold) - Bumi left
Residensi Desa Tasik, Bandar Tasik Selatan (Leasehold) - Bumi Left
Residensi Desa Timur, Sungai Besi (Leasehold) - Bumi Left
Residensi J Satine, Setapak (Leasehold - Status On hold) - open to all
Residensi Sentral, Presint 7 (Freehold) - Open to All
Application Process
The applicant must register a account, fill in profile and apply for the scheme on the RUMAWIP online portal Government. This portal is the gateway to find a RUMAWIP home. (the notifications of the application will be sent via email after Done)
After successfully setting up the profile, the applicants are able to search RUMAWIP properties by project name, project location and status.
If the applicants are interested to apply for the project, click the ‘Mohon Projek Ini’ (‘Apply for this Project’) button.
The applicants have to download the ‘Surat Akuan Sumpah’ from the online portal and then sign in the presence of the Judge / Magistrate or Commissioner of Oaths. This certified Letter of Oath will need to be submitted together with the supporting documents via the RUMAWIP Portal.
Documents need to be prepared to prove eligibility to apply for Bank Loan and RUMAWIP. The required documents are stated below:
- Letter of Oath (surat Sumpah)
- Proof of Identity Card of Applicants (IC Copy)
- Latest KWSP Statement or Income Tax Statement (Bank needed)
- Latest Verify of Employment Letter (Surat Majikan Terkini)
- Marriage Certificate (if applicable)
- 3mth Payslips (Gaji slip)
- 3mth Bank Statements (Bank needed)
- Latest Bill Electric and Bil Water (Proof of Address)
- Birth Certificate of Children (if applicable)
- Copy of Sales and Purchase Agreements for Existing Property (if applicable)
After all the necessary documents are submitted, the last step is to go through all the personal information thoroughly. The submission can finally be verified by clicking on the ‘Sahkan’ (‘Verify’) button. The application status can be checked by logging in to Residensi Wilayah Portal.
In addition, it is important that the applicants always pay the bills (car loan, telephone bills,etc) on time. 90% of RUMAWIP applicants are rejected by sales representatives due to Central Credit Reference Information System (CCRIS) or Debt Service Ratio (DSR) issues.
What Is CCRIS ?
CCRIS is a system created by Bank Negara to create credit information regarding a borrower or potential borrower into standardized credit reports. It tracks the borrower’s loan repayment behaviour for the past 12 months based on a monthly report generated by financial institutions. DSR is the ratio of a person’s total debt to their household income. It evaluates the ability of a person to deal with their debt obligations. DSR is one of the key factors that banks use to determine the applicants’ borrowing power. The applicants’ DSR should generally not exceed 70% in order to successfully borrow housing loans from the bank.
Checking ECCRIS REPORT ( 1 ringgit charges):
The applicant will no longer be eligible for RUMAWIP if the applicant drops any application of the programme in the midst. This is because the application is based on the ‘one-time off’ basis. Any withdrawal of the application will result in no submission in the future. Applicants who have successfully applied for a RUMAWIP unit are required to pay the developer a 10% deposit of the total unit price. This programme does not offer any funding aid. Therefore, the applicants are free to choose their preferred financing options.
What is RUMAWIP’s income eligibility?
What are the other criteria for RUMAWIP applicants?
Can I rent out my RUMAWIP unit?
Do I get any other discount under RUMAWIP?
Do I need to get my deposit ready?
I can’t secure appropriate financing for RUMAWIP. Where can I secure financing for property purchase?
Do I get the refund of deposit if I was rejected by the bank for loan approval？
Summary
RUMAWIP is going to be a boon to Malaysian citizens. The well-planned community is expected to become an asset for young homebuyers in the near future. RUMAWIP offers a higher value for money for its strategic location and decent facilities.
Any Enquiry to Apply, please contact 010-265 2088. (No charges Fee).
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