Putrajaya: Another 43 Rumawip projects get DO

KUALA LUMPUR (March 27): Another 43 projects under the Federal Territories Affordable Housing Scheme (Rumawip) have been issued a development order, Federal Territories Minister (pictured) said.

These projects involve 25,308 housing units.

Tengku Adnan said another 44 Rumawip projects, consisting of 26,138 units, are still in consideration stage.

A total of 19 projects or 11,627 units have been sold under the Rumawip initiative as at Dec 31, 2016.

Of the total, the minister said 3,802 units have been completed with the keys hand over, 6,990 units have signed the sales and purchase agreement (SPA) and the remaining 835 units is in the stage of finalising their SPA.

“On top of this, there are another 23 projects comprising 14,238 units still under construction, as well as owners’ applications that are in final stages of approval,” he said at the question-and-answer session in Parliament today.

Rumawip projects are affordable home developments located across all three federal territories, namely Kuala Lumpur, Putrajaya, and Labuan. The units under this scheme are priced between RM198,000 and RM300,000 each. — theedgemarkets.com

For more stories, download TheEdgeProperty.com pullout here for free.