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How to buy a RUMAWIP or Residensi Wilayah?

There is various ways to owning these value buy property. One usually goes to Residensi Wilayah website and apply for one. That is usually the way but if you have tried, you may know understand that you are usually having issues submitting all the right documents, always a few step behind in getting the right unit, don’t even understand how to apply at all and totally miss the launch!

The question now is how to obtain the unit you desire and not miss out? Here are 5 steps to owning your desired RUMAWIP or known now to be Residensi Wilayah.

Steps to look out for on buying your RUMAWIP

1) CCRIS – CCRIS stands for Central Credit Reference Information System. It is a system created by Bank Negara Malaysia (BNM) which synthesizes credit information about a borrower or potential borrowers into standardized credit reports.

Rule number 1 – Pay your bills and pay it ON TIME! From the car loan to your telco bills, pay on time! To those who lend your name to others as guarantor, make sure they pay their bills! 90% applicant of RUMAWIP projects will be rejected by sales representative due to CCRIS or DSR issues.

2) Google

Always google around for the latest launches for RUMAWIP/Residensi Wilayah whether from official website from the government (usually it’s slower) or from any other source. Advertisement will start to appear in Facebook or Instagram, engage the sales person. Always ask them to send you the information on the project so that you can compare and know the relevant questions to ask! Sometimes you have to meet them, as they can only send you the information after Developers Licence and the Sales & Advertising Permit, or APDL is out. Meeting them, you stay ahead from the crowd who will rush in when the property is launch. This is very IMPORTANT for project that is First Book, First Select Basis.

3) Trust the Sales Person

He or she is the one making the commission from your purchase. Work with them, they usually ask you lots of questions as they need to know are you eligible to buy this government initiated affordable housing project? Will your loan be approved? It is their job to study all these related factors and assist you to own this property. It’s too hard for you to do it as you may not have time to do your on submission to Kementerian Wilayah Persekutuan or study every bank loan in the market as each bank have different appetite for borrowers. My First Home Scheme usually requires one DSR (Debt Service Ratio) below 60% but each bank have their own way to recognize ones income. Do not argue with the Sales Person when he/she keep asking you questions, as it actually save you time or even prepare you to own the unit now or the future. A pro sales person should handle all paper work for you! Even though you may have studied on the DSR calculation, have faith in the sales person more than your own research because they are the ones consistently dealing with the mortgage personnel, they may not know everything but definitely in a better position to advise you on the loan. They will be updated on any changes on net income recognition where you won’t be. Bank scorecard is something very secretive too, that will definitely affect the approval for the housing loan. It takes lots of experience to know which bank to apply for the housing loan to have the highest chance of approval and to obtain the lowest rate. If you are not aware of all these variables, you may write off the sales person opinion and he or she will not confront you as they will be afraid to offend you. Conclusion : Have faith with the person you are dealing with! (If one can’t simply answer most of your questions, then you may seek another person to serve you & if he or she simply ask you to do everything yourself RUN away as you may lose your booking fee when you fail to get all the paper work done on time!)

4) Pay Safe

Every project has different approach in the booking procedure. On paying the booking fee is the most sought after question with buyers. Well on this matter, GOOGLE the developer name when you are presented the HDA bank account for booking fee (not easy to duplicate) and call the office to double verify if you are really worried. Pay as soon as you are sure, especially when the project allow you to select the unit you desire! For balloting, you probably have more time to check before placing booking. Never bank into an individual name for booking fee! On project that does not need booking fee, you probably need to submit your personal documents to the sales person. Cross it the documents WITHOUT blocking the information, with Project Name for eg. Sky Awani V Application Only, to prevent scammers from using your documents for fraudulent purposes.

5) Be Fast

There is a timeframe for every project on reserving a unit. Do not delay in providing your documents for the sales person if he or she is assisting you to apply for approval from Kementerian Wilayah Persekutuan or to the banker preparing your housing loan. The government can take 2-4 weeks for approval, and may request for more supporting documents so is the bank too. These may delay you and may cause your booking to be cancel by developer.

 

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Sky Awani 2 Real Pictures!

All illustration are beautiful when is Photoshop. Below are the completed SkyWorld Sky Awani 2 pictures. There is a reason why Sky Awani was awarded the Best RUMAWIP Project at the Federal Territories Appreciation Night 2017.

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Sky Awani 4 VS The Valley (Type A)

Sky Awani 4 VS The Valley

Price

Sky Awani 4 – RM 300,000

35 years tenure 90% loan repayment – RM 1,195

35 years tenure 100& loan repayment – RM 1,328

The Valley (Type A) – RM 380,000

35 years tenure 90% loan repayment – RM 1514

35 years tenure 100% loan repayment – RM 1,682

Facilities/Amenities

Sky Awani 4

  1. Guard House (Ground Floor)
  2. Childcare Centre / Taska (Ground Floor)
  3. Surau (Ground Floor)
  4. Convenient Store (Ground Floor)
  5. Funeral Room (Ground Floor)
  6. Playground (
  7. Meditation Deck
  8. Fern Garden
  9. Sunken Tree Longue
  10. Swimming Pool
  11. Leisure Lounges
  12. Convenient Store (Ground Floor)
  13. Convenient Store (Podium 10th Floor)
  14. Outdoor Shower
  15. Wading Pool
  16. Gymnasium
  17. Female Changing Room
  18. Male Changing Room
  19. Management Office
  20. Chit Chat Longue
  21. Jogging Path
  22. Landscape Area
  23. BBQ Area
  24. Multi-Purpose Hall

The Valley

  1. Olympic-Length Infinity Pool (Ground Floor)
  2. Jacuzzi Cove (Ground Floor)
  3. Pool Deck (Ground Floor)
  4. Wading Pool (Ground Floor)
  5. Mezzanine Deck (Ground Floor)
  6. Outdoor Shower (Ground Floor)
  7. Changing Room / Sauna (Ground Floor)
  8. Orchard Forest (Ground Floor)
  9. Savory Garden (Ground Floor)
  10. Wellness Path (Ground Floor)
  11. Garden Lounge (Ground Floor)
  12. Lantern Pod (Ground Floor)
  13. Power MMA Gym (Level 1)
  14. Crossfit Gym (Level 1)
  15. Squash Court (Level 1)
  16. Aerobic Studio (Level 1)
  17. Dance / Yoga Studio (Level 1)
  18. Changing Room (Male/Female) (Level 1)
  19. Chill Out Lounge (Level 1)
  20. Canopy Walk (Level 1)
  21. Kindergarten (Level 1)
  22. Surau (Male/Female) (Level 1)
  23. Rock Climbing (Level 9)
  24. Forest Veranda (Level 9)
  25. Function Banquet (Level 9)
  26. Outdoor Hall (Level 9)
  27. Dream Chamber (Level 9)
  28. Hammock Groove (Level 9)
  29. Serene Glades (Level 9)
  30. Acupressure Path (Level 9)
  31. Tea Pavillion (Level 9)
  32. Zest Gym (Level 9)
  33. Badminton Court / Table Tennis (Level 9)
  34. Changing Room & Sauna (Male) (Level 9)
  35. Changing Room & Sauna (Female) (Level 9)
  36. Sierra Playpark (Level 9)
  37. BBQ Corner (Level 9)
  38. Outdoor Lounge / Dining (Level 9)
  39. The Playroom (Level 9)
  40. The Kid’s Corner (Level 9)
  41. Laundry (Level 9)
  42. Sky Party Lounge (Sky Deck)
  43. Breeze Lounge (Sky Deck)
  44. Sky Theatre (Sky Deck)
  45. Family Lounge (Sky Deck)
  46. Sky Jacuzzi (Sky Deck)
  47. Sky Laze Bed (Sky Deck)
  48. Meditation Deck (Sky Deck)
  49. Skyline BBQ Deck (Sky Deck)
  50. Stargazing Deck (Sky Deck)
  51. Family Lounge (Sky Deck)
  52. Sky Dining (Sky Deck)
  53. Sky Theatre (Sky Deck)

Density

Sky Awani 4

Block A1 – 596 units / 13 units per floor

Block A2 – 571 units / 13 units per floor

Block B – 615 units / 13 units per floor

The Valley

Tower A – 460 units / 12 units per floor

Tower B – 360 units / 11 units per floor

Tower C – 489 units / 11 units per floor

Location

Sky Awani 4

Schools / Colleges

  1. Sri Utama International School – 1.5km
  2. TAR University College – 3.7km

LRT Stations

  1. Wangsa Maju Station – 3.5km
  2. Sri Rampai Station – 3.8km

Shopping Mall

  1. Setapak Central Mall – 2.2km
  2. SURIA KLCC – 5.0km

Hospital

  1. Columbia Asia Hospital – 1.6km

Leisure

  1. Titiwangsa Park – 5.0km

The Valley

School

  1. SK Setiawangsa – 1km
  2. SMK Taman Keramat – 1km
  3. SK Taman Keramat 2 – 1.3km
  4. Sekolah Rendah Islam Al-Amin – 1.7km
  5. SMK Taman Setiawangsa – 1.8km
  6. SK Datuk Keramat 1 – 2.9km
  7. Fairview International School Taman Setiawangsa – 3.1km
  8. Fairview International School Kuala Lumpur – 3.8km

LRT Stations

  1. Setiawangsa Station
  2. Jelatek Station
  3. Dato’ Keramat Station
  4. Damai Station

Shopping Malls

  1. Giant Supermarket Setiawangsa – 450m
  2. Aeon Mall AU2 – 450m
  3. Great Eastern Mall – 3.2km

Hospitals

  1. Gleneagles Medical Centre – 3.6km
  2. HSC Medical Centre – 4.5km

Leisure

  1. Taman Tasik Datuk Keramat
  2. Ampang Hilir Lake Park

Parking Space

Sky Awani 4

  1. 1 Parking Slot Per Unit (additional purchase not available)

The Valley

  1. Minimum 2 Parking Slot Per Unit

Take note : The Valley is equip with Automated Waste Collection System (better hygiene) & is compliance with QLASSIC (better build quality )

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10 Reasons First Time House Buyer Choose RUMAWIP

1) MUST BE 1ST TIME HOUSE BUYER – Unlike PR1MA condition, applicant or his/her spouse is allow to apply this as a second home, in other words it is wiser to choose a RUMAWIP over a PR1MA property given the choice when you purchase your first house. One can’t purchase a RUMAWIP when applicant or spouse own a property.

2) All RUMAWIP property are usually comes a bare unit. That enable the you to be able to design the unit almost from scratch. One can decide on the kitchen design on whether to add on an oven (you need 4 mm wiring and to conceal this in a bare unit is achievable) to the type of wardrobe whether build in or plug n play; one can choose. In Malaysia, we all need air conditioner 24/7 and choosing an inverter AC is going to save you money. Inverter air conditioner, the speed of the compressor varies to ensure energy efficient operations and precise cooling or heating as required which save 30-50% electricity consumption. Not only that, when an AC compressor is able to adjust itself according to the need of the room temperature it prolongs its lifespan (efficient) just like if your smartphone is always heating up like my Nexus 6P; it burnout faster.

3) Buying a RUMAWIP which is an affordable housing for moderate and low income earners who live and work at Wilayah Persekutuan, cost will always be in consideration before making any decision. Renovating a bare unit is far more cheaper than renovating a sub sale house or changing the design a fully furnish new property as removing things and replacing it definitely cost more. One can take up this opportunity in Hong Leong Bank with a 6% flat interest rate to renovate your home (lowest in the market) as OCBC no longer offer Renovation & Refurbishment Loan as far as I know. With a mortgage payment that is cheaper than the rental in the same area; additional monthly repayment for a renovation loan is obviously more preferable compare to paying rental which in in end you are just paying for someone else property.

4) You get to choose and make sure you are buying a RUMAWIP that is of a residential title (50% cheaper utilities bills) ! With a low mortgage payment and cheaper utilities bill, renovating your first house into your dream home is easily achievable! In my opinion Skyworld Sky Awani 3 is one of the best choice one can make.

5) Have you went for Adrian Wee Real Estate Course? One thing he teaches is property doubles its value every ten years. For Eg, you bought Sky Awani 3 for 300k and monthy repayment is of RM 1,500 average. 10 years down the road; it’s value usually rise to 600k. What if Adrian is wrong? It went only to 450k! You can refinance it for say 70% and that is 315k! Whether it’s for the kids college fund or another investment; it’s up to you! Or do you choose to save that money using your monthly salary?

6) Rental income? Yes if only you are moving away from the city to work or your business is relocating. The beautiful thing about this is, it only can be rented by Malaysians. Therefore we can conclude that a RUMAWIP will never be a run down residential filled with drug dealings or any kind of vice activities.

7) Balloting? Nope not all are through balloting, Skyworld Sky Awani Series is through selection. Whether is at the top floor or the bottom, facing east or west is totally up to you!

8) Low class? Nope! Skyworld Sky Awani 3 won 3 Award, it is even equip with a roof garden which most RUMAWIP or PR1MA won’t come close to having one. Sky Awani 4 is with a viewing deck.

9) Lack money for deposit? RUMAWIP pricing is cap at RM300,000 which qualify you for My First Home Scheme in other words 100% financing from bank.

10) Loan approval concern? Property like Sky Awani 3, with two loan rejection letter or rejection from the RUMAWIP authority; you will get a full refund for your deposit!

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