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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , mbsb , funding , rumawip , property , construction ,

   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
Making the Malaysian startup pitch
The pros and cons of earned wage access
Making every load lighter
Batik, chips and tech in the fabric of society
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious

Others Also Read