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 Rumah Selangorku rules, already own a house

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victorian
post Feb 27 2021, 05:09 PM

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QUOTE(tongyk @ Feb 27 2021, 04:30 PM)
Hi, I'm one of the lucky purchaser for RSKU & apparently to your concern, 1 of the clause that applicant is not owe any property in Selangor and must be stay or working in Selangor for some times.
I was rejected once due to owning a property in other state that shown in ccris back in 2018, after going thru some tough appeal, I finally got the approval letter from LPHS (about 6 months). You can actually walk-in to their office in Shah Alam to meet the officer. all Selangor Government departments are under 1 roof there. I will say RSKU approval is much more strict compared with Residensi Wilayah.
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Which rsku bro? Still under construction ?
tongyk
post Feb 28 2021, 07:41 PM

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This post has been edited by tongyk: May 5 2022, 11:03 PM
TSEmpireAnt
post Mar 1 2021, 09:13 AM

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QUOTE(tongyk @ Feb 27 2021, 04:30 PM)
Hi, I'm one of the lucky purchaser for RSKU & apparently to your concern, 1 of the clause that applicant is not owe any property in Selangor and must be stay or working in Selangor for some times.
I was rejected once due to owning a property in other state that shown in ccris back in 2018, after going thru some tough appeal, I finally got the approval letter from LPHS (about 6 months). You can actually walk-in to their office in Shah Alam to meet the officer. all Selangor Government departments are under 1 roof there. I will say RSKU approval is much more strict compared with Residensi Wilayah.
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oh awesome.

i will give it a try later on.

I'm not really looking into buying house now since the rejection before.

Thanks for the info!
Teh69
post Mar 17 2021, 09:57 PM

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How mamy year cannot sells? If sell os follow market price for rsku?
MAC5
post Mar 17 2021, 11:04 PM

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Cannot rent out also right?
TSEmpireAnt
post Mar 18 2021, 11:14 AM

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QUOTE(Teh69 @ Mar 17 2021, 09:57 PM)
How mamy year cannot sells? If sell os follow market price for rsku?
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latest rule is only 5 years of holding period(last time is 10). about price i'm not sure since no RSKU is at 5 years old
TSEmpireAnt
post Mar 18 2021, 11:15 AM

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QUOTE(MAC5 @ Mar 17 2021, 11:04 PM)
Cannot rent out also right?
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yeah for 5 years
MAC5
post Mar 18 2021, 05:15 PM

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QUOTE(EmpireAnt @ Mar 18 2021, 11:15 AM)
yeah for 5 years
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Buyers got to make sure they buy for staying purposes for at least 5 years then. No back up plan.
TSEmpireAnt
post Mar 19 2021, 08:34 AM

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QUOTE(MAC5 @ Mar 18 2021, 05:15 PM)
Buyers got to make sure they buy for staying purposes for at least 5 years then. No back up plan.
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yeah that is what is suppose to happen.

but i do seen some RSKU unit being rented out 'quietly'


AskarPerang
post Mar 19 2021, 09:06 AM

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QUOTE(MAC5 @ Mar 17 2021, 11:04 PM)
Cannot rent out also right?
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QUOTE(EmpireAnt @ Mar 19 2021, 08:34 AM)
yeah that is what is suppose to happen.

but i do seen some RSKU unit being rented out 'quietly'
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TSEmpireAnt
post Mar 19 2021, 10:17 AM

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QUOTE(The Alcove @ Mar 19 2021, 09:07 AM)
In current economy climate especially, a rented out unit saves it from lelong and non payment of management fee. As long rented to locals not 10 15 bangla in 1 house, should be allowed or just keep an eye shut.
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yeah i believe that too. as long as normal working people renting it and act like good community should be no problem.

if renting it to factories who placed their 15 workers there, then people might actually report.
infernape772
post Mar 19 2021, 10:25 AM

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QUOTE(The Alcove @ Mar 19 2021, 09:07 AM)
In current economy climate especially, a rented out unit saves it from lelong and non payment of management fee. As long rented to locals not 10 15 bangla in 1 house, should be allowed or just keep an eye shut.
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My personal issue with renting out Selangorku houses before the 5 year lock-in period is you're taking a slot away from another person who genuinely wants to purchase an affordable house to stay, while you're profiting/keeping up with your installments by renting.

I have been on the waiting list for 6 months and still no reply yet, some Selangorku projects have 300+ applicants on the waiting list, and to take that slot away from people who genuinely wants to own a house for ownstay purposes just feels not right to me.

My personal opinion is that if you wish to own a property for investment, please don't touch affordable housings. They are meant for people like us who have low income and cannot afford your normal open market projects. You can argue and say that some people rent it out also why can't I rent out also leh? Just because someone else can do something wrong does not mean you should as well.
TSEmpireAnt
post Mar 19 2021, 12:20 PM

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QUOTE(infernape772 @ Mar 19 2021, 10:25 AM)
My personal issue with renting out Selangorku houses before the 5 year lock-in period is you're taking a slot away from another person who genuinely wants to purchase an affordable house to stay, while you're profiting/keeping up with your installments by renting.

I have been on the waiting list for 6 months and still no reply yet, some Selangorku projects have 300+ applicants on the waiting list, and to take that slot away from people who genuinely wants to own a house for ownstay purposes just feels not right to me.

My personal opinion is that if you wish to own a property for investment, please don't touch affordable housings. They are meant for people like us who have low income and cannot afford your normal open market projects. You can argue and say that some people rent it out also why can't I rent out also leh? Just because someone else can do something wrong does not mean you should as well.
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at least the unit i know being rent out wasn't due to the person doing investment or something. it was due to a family member relocating outside of selangor and following them. thus the house remain empty.

but if for sole reason of investing, I am also not happy for that.

I have not been in line anymore since my issue stated earlier. So I have not known how long is that line. Hope you guys get the property you wanted.

Also I heard, you can just barge in their office and ask if there are any rejected unit/loan tak lepas/cancelled unit that are open.

a friend of mine just try their luck and got a unit too.

the unit is around Kota Kemuning.

This is unfair practice too but you know, people still doing it.

lollipopkan
post Mar 20 2021, 01:15 AM

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QUOTE(infernape772 @ Mar 19 2021, 11:25 AM)
My personal issue with renting out Selangorku houses before the 5 year lock-in period is you're taking a slot away from another person who genuinely wants to purchase an affordable house to stay, while you're profiting/keeping up with your installments by renting.

I have been on the waiting list for 6 months and still no reply yet, some Selangorku projects have 300+ applicants on the waiting list, and to take that slot away from people who genuinely wants to own a house for ownstay purposes just feels not right to me.

My personal opinion is that if you wish to own a property for investment, please don't touch affordable housings. They are meant for people like us who have low income and cannot afford your normal open market projects. You can argue and say that some people rent it out also why can't I rent out also leh? Just because someone else can do something wrong does not mean you should as well.
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If you are down to earth with the exact real life situation then you would know there is no "taking a slot away".

There are literally tons of rsku projects that have not sold out, tons of units that there is barely any chances of getting a rsku unit is ruined.

Also, people who can buy rsku are most first house buyer and I really doubt people buy rsku for profiting.

This post has been edited by lollipopkan: Mar 20 2021, 01:16 AM
alpha team
post May 5 2022, 10:33 AM

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i have stupid question, hopes any1 can help to assist..

Husband salary RM15k
Wife salary RM5k

so the household income is RM20k? can Wife still qualify for registration for selangor ku?
mini orchard
post May 5 2022, 12:09 PM

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QUOTE(alpha team @ May 5 2022, 10:33 AM)
i have stupid question, hopes any1 can help to assist..

Husband salary RM15k
Wife salary RM5k

so the household income is RM20k? can Wife still qualify for registration for selangor ku?
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remora
post May 5 2022, 03:33 PM

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QUOTE(infernape772 @ Mar 19 2021, 10:25 AM)
My personal issue with renting out Selangorku houses before the 5 year lock-in period is you're taking a slot away from another person who genuinely wants to purchase an affordable house to stay, while you're profiting/keeping up with your installments by renting.

I have been on the waiting list for 6 months and still no reply yet, some Selangorku projects have 300+ applicants on the waiting list, and to take that slot away from people who genuinely wants to own a house for ownstay purposes just feels not right to me.

My personal opinion is that if you wish to own a property for investment, please don't touch affordable housings. They are meant for people like us who have low income and cannot afford your normal open market projects. You can argue and say that some people rent it out also why can't I rent out also leh? Just because someone else can do something wrong does not mean you should as well.
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As an investor, we should not touch affordable housing like Selangorku as these are meant to help those who need it. Furthermore, it does not make sense to invest in property way below and above the median price for the given market/area. If you have lots of cash and want to hedge against inflation - buy landed - either industrial or commercial with the right element like access and frontage. If its all about cashflow (rental), then go for apartments/condo in area where there is demand for short to medium term stay .(Given the low entry cost, why would anyone pay rental higher than loan installment unless they need the housing only for no more than a few years due to work or study?). Don't touch affordable housing and leave it to those that really need it.
Rotation880088 P
post May 5 2022, 04:05 PM

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QUOTE(remora @ May 5 2022, 03:33 PM)
As an investor, we should not touch affordable housing like Selangorku as these are meant to help those who need it. Furthermore, it does not make sense to invest in property way below and above the median price for the given market/area. If you have lots of cash and want to hedge against inflation - buy landed - either industrial or commercial with the right element like access and frontage. If its all about cashflow (rental), then go for apartments/condo in area where there is demand for short to medium term stay .(Given the low entry cost, why would anyone pay rental higher than loan installment unless they need the housing only for no more than a few years due to work or study?). Don't touch affordable housing and leave it to those that really need it.
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This is really a great thought.
Applied and still waiting. Hope can get the tawaran soon.
It's really sad if the limited units are taken away by people who want to invest.
Freya.ch
post May 6 2022, 09:40 AM

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My brother got a RSKU few years back when his working experience was only 3 years as his first house. He wouldn't be able to purchase any House other than the affordable house with that range of salary. Upon VP, he didn't stay there as he is still single and the location is too far from his working place and the traffic is heavy. So at the end he rented the place out. His intention when he gets the house was, one day if he wants to get married, he can still stay in that house if he can't afford any house anymore.

My personal view, affordable house should be for those who really need it, at least at the point of buying the house. If sole intention is to invest, I don't think affordable house appreciation would be that much and also is a bit not fair for those who need to queue for so long to get it just because they can't afford other normal development.
alpha team
post May 6 2022, 10:41 PM

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QUOTE(mini orchard @ May 5 2022, 12:09 PM)
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i jz checked the website. the limit is RM15k . more than RM15k is not qualify.

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