MBSB to rollout up to RM700m financing for Rumawip projects

Affordable housing: Tengku Adnan viewing a model of the Rumawip project. Residensi Hektar has received encouraging response from potential buyers with a current take-up rate of 60 for the project. — Bernama

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) plans to rollout up to RM700mil in financing for the development of eight more Federal Territories Affordable Housing (Rumawip) projects.

President and chief executive officer Datuk Seri Ahmad Zaini Othman said the total gross development value (GDV) of these projects would be RM2bil.