Hi guys,

Looking back at my situation and budget, it seems that the best home I can afford at the meantime are RUMAWIP. My concern is, what are your thoughts? What made you buy them?

Would neighbours and socio-economic conditions be a factor to see as well? Thanks

Just go for it for first house.

That is the default option.

Rumahwip is getting smaller and smaller. The cost of construction is getting more expensive. While easily the cheapest deal, i don't foresee is there will be better alternative to buy other house so if if within budget go for it.

can you give some example of Rumawip getting smaller and smaller???

When you have money, you get to dictate your neighbors, else a roof over your head is more important, then work towards moving out to neighborhood of your choice.

What’s your budget? Your preferred location?

Market is pretty soft now.

You may actually be able to buy a property from the secondary market at decent prices

That's funny because these few years we have seen more 900sf rumawip projects.

Plus, rumawip actually has a minimum sf requirement of 800sf so developers cannot go under that.

If people are expecting 800sf 300k condo in KL that can fit in a couple with 3 children, that's laughable.

Rumawip should be your first shelter to launch your career into getting bigger sized property, not the final property of your life.

If rumawip is the final property of your life, that speaks more about your career than the size of rumawip.

RumaWIP have strict size limits (cannot be less than 800sqft) as above mentioned.

This is NOT the same programme as "affordable homes" under Rumah Selangorku (RSKU) which sets a price limit but not such a big size limit, which is why you see some serviced apartment projects with RSKU units, with ceiling prices under RM300k but unit sizes are under 600sqft.

Ultimately you must buy within your financial means, and treat this first purchase as a stepping stone for future financial security.

Rsku only 1000 900 or 550

Rumawip like have many more sizes depending project

Go read "Pr1ma alam damai" topic before you consider government schemes house.

For me, a big no.

This post has been edited by wilson1149: May 6 2022, 09:32 AM

That is the bad apple, not every rumawip also like that.
Go dig past lelong for rumawip

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I agree that PPAM is the best value of all.
Big size. Cheap price.

However, not everyone qualify to apply for PPAM.

Most pr1ma is shit yes. But rumawip and rsku so far ok

Wait another 5 years and see.

If u mean the maintenance then ya... Maybe

Do you foresee rumawip price appreciate within the next 10 years ? If yes, then buy. If no, then rent.

Pr1ma & rumawip are different. Pr1ma projects developed by Pr1ma, these fellas are not as competent as private developers.
Rumawip projects are developed by private developers.

Assuming rumawip price stays stagnant throughout 10 years, 300k loan will have an outstanding loan of +-245k, sell at 300k u get back +-50k.
rent for 10 years u still remain homeless after 10 years

This post has been edited by Fat3Twister: May 6 2022, 09:44 PM

Don’t need to wait 10 years. Already got rumahwip being transacted in the lelong market.

Example transaction:
Residensi Lanai Bukit Jalil. Launch price 300K. Minimum facility apartment. Sold at 426K.
DNuri launch price 300K. Sold at 372K.
Rimbunan Sri Petaling launch price 297K. Sold at 330K.
Gurneymas launch price 198K. Sold at 292K.
Kepongmas and Jalilmas launch price 198K. Sold at above 250K few units.

But not all projects rosy. Got few sold at below 300K in lelong (launching price at 300K). Such as SkyAwani 1 and 2. Pandanmas 1 and 2.

This post has been edited by AskarPerang: May 6 2022, 10:21 PM

Sell after 10 years also homeless wat

Homeless with RM50K vs homeless with RM0

At least after 10 years you have a choice, sell or no sell up to you

Hi I plan to work in Singapore next year, assuming my salary is SGD 5000, will I be eligible for rumahwip? I'm born in KL, wanted to buy asap now but now don't have much choice, so thinking maybe after going to SG also can slowly look into it.

If you dont have money, lot things beed to compromise
So does options in buying houses

Not that you have a choice when u start to think about rumah wip d....

Not qualify anymore.
Income need to be below RM10K for bachelor and below RM15K household if married.

"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."

I suggest you buy it this year or maybe future if you back to Malaysia.

5000 is already rm15000, unless you are married and your spouse is a housewife, or else you are not eligible.