9 things you should know about RUMAWIP

Residensi Wilayah (RUMAWIP) is one of the initiatives by the government to help Malaysians to own their first property.

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RUMAWIP is the affordable housing programme by the government to help lower and middle-income groups to be a first-time homebuyer. This programme focuses on all Federal Territories – Kuala Lumpur, Putrajaya, and Labuan. As much as 26 projects in KL are open for application by eligible Malaysians while 80,000 units of RUMAWIP homes are expected to be built within the next five years.

For many first-time home buyers, this is a golden chance for you to look and shop around for your first home sweet home. If you have no idea where to start or what RUMAWIP is all about, we have listed down all necessary information as your guideline.  Here are the 9 things you should know about RUMAWIP.

1. What are the criteria for RUMAWIP applicants?

RUMAWIP applicants must be a Malaysian citizen of at least 18 years old. Priorities are granted for those who:

  • were born,
  • work,
  • 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 RUMAWIP’s income eligibility?

The household gross income for individual applicants (single) must not exceed RM 10, 000 per month while married couple must have a total income of no more than RM 15, 000 per month. The husband or wife may apply for RUMAWIP. Nonetheless, only one offer will be given to each household.

3 How many affordable housing categories are there?

RUMAWIP offers three categories of affordable housing:

Find out more about strata here.

4. What are the property types and prices?

There are three types of properties:

  • Low-priced house

  • Built-up: 700 sf
  • Price: RM 63, 000 (KL and Putrajaya), RM 52, 000 (Labuan)
  • 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

READ: (Updated) 5 RUMAWIP projects in Klang Valley with easy access to LRT

5. Are the units selling below the market price?

RUMAWIP units sell below the market price. The RM 300,000 units have three bedrooms, two bathrooms, and a parking space. On top of that, they have facilities like the swimming pool, gymnasium and a playground. As these units are built at strategic layouts with easy accessibility, it helps the low and middle-income people to have a comfortable life.

Nevertheless, a 10-year moratorium is imposed where the purchased house cannot be transferred or sold to a new owner without the government’s permission, unless to the closest family members or heirs like spouses or children ONLY.

6. Do I need to get my deposit ready?

Applicants who have successfully obtained a RUMAWIP unit are required to pay to the developer a 10% deposit of the total unit price.  Then, they will proceed on to the next step.  This programme does not provide any funding aid. Thus, the applicants are free to choose their home financing options.

7. Can I rent out my RUMAWIP unit?

The Federal Territory Ministry gives RUMAWIP owners the flexibility to rent out their properties to a third party but, on a certain term.  You can rent out your units to local tenants ONLY.

8. Can I apply for a bigger unit?

An existing RUMAWIP owner can apply for a bigger house unit provided that the old unit is sold at a price that is agreed by the agency who plans and regulates Residensi Wilayah.

9. What happens if I withdraw from the application?

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.

ALSO READ: Am I eligible for Rumah Selangorku (RSKU)? How do I apply for the scheme?

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! Also, check out the studio or one room, two rooms, and three rooms properties that are within the range of RM 400, 000 for your next property investment!