As usual u turn. Cakap lain again. Hahaha. Joker.



WEEKENDER ::: What?! Now, RUMAWIP can be rented out legally?!!!

The government will reconsider allowing buyers of the Federal Territories Affordable Housing (RUMAWIP) project to rent out their units, subject to certain conditions.

Federal Territories Minister, Datuk Seri Tengku Adnan Tengku Mansor, said the ministry will further examine the terms and conditions to allow the buyers to rent out their units.

He said, the government may allow them (RUMAWIP buyers) to rent out their units, if they were forced to transfer to a location far from the city, such as Sarawak for instance.

Of course they can’t just leave the units (empty). The government will look into the matter, but they will only be allowed to rent out their units to locals only.
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This news came in as BIG BLOW for all properties investors especially those who bought in the same development with RUMAWIP.

How do the government gonna enforce this new ruling and monitor the situation? The original purpose of RUMAWIP housing scheme is for those 1st time home buyer owned stay and not suppose to be rented out or sell within 10 years period.

This will change the property rental market and gonna compete with private projects development. Good luck to all property investors😉