Density of Rebranded Rumawip Projects Lower

28 Jan 2019

 

The Rumawip (Federal Territories Affordable Housing Project) project will soon be known as the Residensi Wilayah affordable housing project.

While the rebranded program would be based on the same concept, that is providing affordable homes for first-time buyers, it would not be the same as PPR or low-cost flats, said Federal Territories (FT) Minister Khalid Abdul Samad.

“What is different about Residency Wilayah is that it is an upgrade in terms of size, has better quality and finishing, and lower density,” he said.

Rumawip, for instance, had around 1,200 occupants per acre, Residensi Wilayah will only have 800 to 1,000 occupants per acre, reported The Star.

“If a Rumawip project previously had about 400 apartment units, a Residensi Wilayah project would only have about 250 units.”

To retain its affordable home concept, apartment unit price would still be capped at RM300,000.

“The Residensi Wilayah homes are for the middle-income group, such as professionals, newly-weds and those looking to buy their first homes,” said Khalid, while noting that Residensi Wilayah homes may be built on private or government land.

“We will work with private developers and offer them incentives to encourage them to build Residensi Wilayah homes, such as lower premium rates and lower development charges,” he added.

He revealed that the ministry is looking to launch 10,000 units this year, which may be completed by around 2021.

Khalid explained there are still some land in Kuala Lumpur that can be used for Residensi Wilayah homes.

This comes as the Negotiations Task Force was able to renegotiate or cancel some dubious land deals in 2018.

“Kuala Lumpur City Hall (DBKL) was able to acquire an additional RM149mil in revenue, after 23 out of 97 land transactions were renegotiated with developers and landowners…There were 10 projects that were cancelled and developer’s deposits refunded, so the land has been returned to DBKL,” he said.

He added that the FT Ministry is also planning to have urban redevelopment at parts of Kuala Lumpur, where old and dilapidated walk-up flats may be redeveloped with Residensi Wilayah affordable homes and existing residents given new units for free.

 

Image source: Berita Harian

 

Win up to RM3,000 CASH just by sharing your thoughts on the Malaysian property market! Take the PropertyGuru Sentiment Survey here

POST COMMENT

You may also like these articles

Thugs Prey on Renovation Contractors, Homeowners

 Aside from the construction material and labour costs, renovation contractors and homeowners also have to worry of another cost – protection money to be paid to a local thug.A contractor who d

Continue Reading24 Jan 2019

Gov’t Said to Have Axed Chinese ECLR Contractor

 A source revealed that the Federal Government has scrapped on Tuesday (Jan 22) the original agreement with China Communications Construction Company (CCCC) for the construction of the East Coast

Continue Reading24 Jan 2019

LBS Kicks Start 2019 with Projects Comprising of Affordable Homes In Perak

 Ipoh – To support the Government’s national housing agenda, Perak State Secretary Incorporated (SSI) and LBS Bina Group Berhad (LBS), through its subsidiary company Bimbingan Simfoni Sdn Bhd

Continue Reading24 Jan 2019

Championing Grassroots Esports Development in Sunsuria City

 Salak Tinggi – Sunsuria Berhad has signed a Memorandum of Understanding to establish EXVRA, an ESports Hub within Sunsuria City, which is Sunsuria’s flagship township that is built on princi

Continue Reading28 Jan 2019