All you need to know about RUMAWIP

RUMAWIP is a government initiative designed to provide affordable housing for first-time home buyers in Federal territories. The goal is to help low-income, middle-income, and first-time buyers take that important step towards owning their own house. 

UDA Property, also have affordable housing projects that are specifically developed to cater to these needs. One of our latest RUMAWIP project is Residensi Akasia Jubilee, located in Kuala Lumpur, priced at only RM300,000. 

First, let’s find out who is eligible for a RUMAWIP. Eligibility is assessed under a priority status, with the following conditions:

• 21 years old and above.
• Born, work, or live in any of the Federal Territories.
• Priority given to those who do not currently already own property.
• With a focus on affordable homes for lower and middle-income workers, RUMAWIP also comes with some firm income restrictions:
• Individual income no more than RM10,000 per month.
• Married couples’ income no more than RM15,000 per month.
• Only one offer of RUMAWIP per household.

In terms of the cost and sizing, the maximum cost of a RUMAWIP is RM300,000 and each unit will have a built-up size of no less than 800 to 900 sqft.

Now that we have an idea of RUMAWIP, here’s how to apply for it!

First and foremost, check if you are eligible. You must meet the requirement of residency, place of work, or birthplace, and ensure you’re within the income limits as per the regulations stated by the authority. 

If you are eligible for a RUMAWIP, you shall browse the list of RUMAWIP available. You may either check to see if your preferred developer has any RUMAWIP projects or you may head on to http://residensiwip.com.my/ to discover the current and ongoing RUMAWIP projects that are available within your desired area. 

However, they might be some projects that are very new and not open for registration yet. In this case, all you need to do is regularly check on the RUMAWIP website to see if the applications have opened.

As many know, purchasing a house can be quite complicated and when purchasing a RUMAWIP, you will need to pay extra attention in providing a range of documents to prove eligibility and apply for a RUMAWIP project.

• Application form
• Letter of Oath
• Proof of Identity Card of applicants
• Marriage Certificate (if applicable)
• Bank statements or payslips
• Utility bill (proof of address)
• Copy of Sale and Purchase Agreement (SPA) for existing property (if applicable)

You may need to check in with the property managers or developers of the specific property to ensure you’re furnishing the right details as each property is managed by a separate body, and as such, your documents are not directly submitted to a central agency. 

For RUMAWIP, assigning of the properties is done by a ballot, which is undertaken at a specific time, and must be physically attended by the applicant or a designated proxy assigned using a Letter of Proxy.

The balloting process varies according to the developer, but usually, it will require a financial down payment up to and including the total 10% deposit fee. 

Other than that, you should also find out what are the “Dos” and “Don’ts” for a RUMAWIP owner such as whether are you allowed to rent the house or when can you resell the house or any other questions you want to know before finalising your purchase.