Daily Diaries

Buying an affordable home in KL

Ticked a house off my wish list. It’s a condo in KL with a pool directly facing the city skyline and I got it for cheap. Here’s a story on how I got it.

The house hunt


Since I started work, I’ve been looking at properties every now and then to call (my own) home. Considering that purchasing a property involves a massive amount of money, you can say that I, including advisor and downpayment lender i.e. parents were overly cautious. Over the years, I kept on thinking that nothing was ever good enough, so I kept on looking, up to the the point where nothing was affordable at all!

(Or maybe it’s hard to satisfy, as described by my friend at work, my “shitty ideals”.)

After getting married, Reza and I started going to property launches, meeting developers and real estate agents to learn more about their properties and the process of buying a house. Of course, every time I find something that I think is good, I’d let my “advisors” know.

They always had concerns — like paying so much for the developer who has a questionable reputation, the property having a commercial title (you’ll end up paying even more, they say) or the cost of entry being too high. Senang cerita, hardly got the green light from risk averse, surveyor parents.

In instances where the advisors were cool with the property (like this sub-sale but still in good condition, 20-year-old condo close to heart of the city with good connectivity and a good track record) the repayment cost month by month is a little too high for us to bear, since we’re expected to pay the full installment cost for a sub-sale.

Then, this one day, I saw a leaflet being placed on my dressing table. Mama wanted me to consider this affordable home that’s just being launched.

Affordable homes in the city


RUMAWIP is program that aims to provide affordable homes in KL, it’s a JV between the City Hall and several private developers.

This particular project that’s on the leaflet is a JV between the City Hall and Faber Vista, a private developer to provide affordable housing for people of a certain group under the RUMAWIP program. The property will be completely built by the private developer, however the price is made affordable.

To be eligible, you need to be:

  • Aged at least 21
  • Staying or working in KL for at least 3 years
  • Having household income of below RM10000

There are some rules to owning these homes, like only being allowed to buy 1 unit, not being able to sell or rent it out within 10 years (without consent from authorities) because they’re after all meant to be homes of 1st home buyers — not for flipping!

Read more about the RUMAWIP application requirements.

Getting ourselves a unit


So I googled to learn more about it this particular project at Kampung Pandan. It’s not bad at all. The condo consists 2 blocks, 700 units in total (not as dense as I had imagined) and has OK facilities.

For just RM300,000, I’d get a 900sqf 3-bedroom unit in the city with at least a carpark, just 5kms or so away from KLCC in an area I’m familiar with (Reza used to stay around the area and our high school is just around the corner) and has a pool facing the city skyline!

It’s a steal, I thought. Apply je lah!

Months later i.e. just recently, I found out that the application went through. I was called for the balloting process at the developer’s office last weekend and just by pulling out a piece of paper out of the plastic box and completing some forms, I booked my house!

FutureHome

I’ll have a big enough house with a balcony that comes with 2 car parks and have access to a pool facing KLCC.

Cry Emoji
DREAM COME TRUE!

Feels even better to know that I’ll be seeing familiar faces, since I know several people who are also getting a unit there.

All I have to do now is to get our loan offer letter and if there are no issues, we’ll get to move in in less than 3 years and call this our home.

So… if you’re looking for your 1st home in KL, you may want to consider the affordable homes under the RUMAWIP.

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7 Comments

  • Avatar
    Reply
    Hani Lutfi
    February 14, 2015 at 12:11 PM

    Trying to make a living is HARD. I’m already planning my own timeline of building the ideal dream job, home and all at the age of 18. Sometimes tengok orang lain macam senang je parents belikan apartment and all but it’s really not about ada duit ke tak kan. Our parents know what’s best and they’re always trying to nurture us into wise and independent human beings.

    Congrats on your first home with Reza! Insha Allah nanti dapat anak can buy a bigger home and finally dpt bungalow kat Bukit Jelutong tu! Hehe ;p

    • Avatar
      Reply
      Miasuraya
      February 16, 2015 at 11:03 PM

      OMG baru 18 but so forward thinking! Good for you! Start saving on your 1st job and buy your own home OK — bags can wait!

      That’s true about parents, I think mine made it difficult for me because big purchases don’t come easy. Either that or deep down they really don’t want to lend me any money lol.

      Thank you! Crossing fingerssss.

  • Avatar
    Reply
    NilamAdelia
    February 18, 2015 at 4:27 PM

    hi Mia, thank you for posting this up. i’ve registered and hope rezeki is on my side too (not forgetting hardwork and all)

    • Avatar
      Reply
      Miasuraya
      February 25, 2015 at 9:43 PM

      You’re welcome! Good luck 🙂

  • Avatar
    Reply
    Farah
    July 22, 2015 at 11:28 PM

    Hi Mia!!

    Could you pls share .. What are the panel banks for this project? Sigh.. Been googling for options to apply loan for this house.

    • Avatar
      Reply
      Miasuraya
      July 24, 2015 at 10:21 AM

      Actually most Malaysian banks have their own quotas for this project. Just give them a call and mention that you need a loan for the RUMAWIP program.

  • Avatar
    Reply
    Eva
    October 29, 2015 at 2:28 PM

    Mya, I was wondering whether you forked out 15k as the booking payment.

    The developer for the project I’ve registered with asked for 15k upfront payment.

    Is it legit?

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