Five hundred units of the first phase of the Federal Territories Affordable Homes Programme (Rumawip) were snapped up within a couple hours.
They were part of the 660 units of Seri Wahyu Residence in Kampung Batu, under Mah Sing Group Bhd's introductory project.
The collaboration with Mah Sing is the biggest Rumawip project to date. Rumawip targets 80,000 units to be built by 2020.
Applications opened on Feb 21 and balloting took place on March 29 at Lakeville Residence Sales Gallery by Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor.“On the first day Rumawip was open for applications, we received enthusiastic response with around 1,000 applicants.
“We want to give the opportunity to first time buyers and not speculators so the moratorium on the units is a period of 10 years, as we hope those investing in it will keep the units for their children in the future.
“The residences were entirely a private initiative by Mah Sing – usually the land built on for Rumawip is either government or DBKL (Kuala Lumpur City Hall) owned land but this time they built on privately owned land,” he said, challenging other developers to do the same.
Units are housed in a 35-storey high tower block at a cost of RM300,000 with three rooms and two bathrooms across approximately 74.8 sqm (805sq ft) as well as a covered parking lot each.
The Seri Wahyu Residence, which is slated to complete by 2020, sits 2km away from Sri Delima Mass Rapid Transit (MRT station).
“Mah Sing has informed us that they are in discussions with MRT to provide a shuttle service for the convenience of the Rumawip residents."
Tengku Adnan added that as of Feb 2017, 67% of the target was achieved with a number of projects ahead of schedule such as the PandanMas Residence in Kampung Pandan.
Mah Sing group managing director Tan Sri Leong Hoy Kum said the ministry can help by encouraging people to sell their land at an affordable price as it will also reduce the cost to unit buyers.
“Although it is our first Rumawip project, we have had a hand in other affordable housing projects such as Rumah Selangorku and the Johor Affordable Homes programme,” he said as part of their initiative to give back.
Also present for the launch was Kuala Lumpur mayor Datuk Seri Mohd Amin Nordin Abd Aziz.