700 Get Early Delivery Of RUMAWIP Units

700 get early delivery of Rumawip units
Buyers of affordable apartments in Kg Pandan thankful for opportunity

By RAZAK AHMAD

razak@thestar.com.my

The 700 buyers of the Residensi Pandanmas apartment, an afforda- ble housing project in the heart of the city, are a lucky lot.

 

They received the keys to their new homes on Tuesday, nine months ahead of schedule.
This follows the early completion of the project by Syarikat Faber Vista Sdn Bhd, a subsidiary of property developer Aset Kayamas Sdn Bhd.

 

The project is part of the Federal Territories housing Scheme (Rumawip), a strategic partnership between Kuala Lumpur City hall (DBKL) and private developers to build a targeted 80,000 affordable homes for middle-income earners in the city by 2020.

Aset Kayamas is also building the second phase of Residensi Pandanmas.

 

To be known as Residensi Pandanmas 2, the second phase will have 1,920 units located next to the first phase.
“Quality and the speed of com- pletion are the measurements of value, and these are what our com- pany holds very dear,” said Aset Kayamas chairman Tan Sri Chai Kin Kong.

 

The company was founded in 2011 and is today one of the biggest developers contracted to build Rumawip as well as the 1Malaysia civil servants housing project (PPA1M) in the Klang Valley.

 

Chai’s son Michael, who is the company’s executive director, said that Aset Kayamas would be build- ing 10,147 affordable homes in addition to the 4,000 or so units under the free market category.

 

Other Rumawip projects which Aset Kayamas is constructing include Residensi Sentulmas, Residensi Puchongmas, Residensi Kepongmas and Residensi Gurneymas.

 

Meanwhile, the company’s free market projects include Parkhill Residence (Bukit Jalil), The haute (in Gurney, KL), The henge (Kepong), The holmes (Bandar Tun Razak), and The havre (Bukit Jalil).

 

“All of our finished projects have been completed ahead of schedule so far,” said Michael. he explained as a Rumawip pro- ject, Residensi Pandanmas is geared towards first-time home- buyers.

“The buyers cannot rent or sell for 10 years from the date of sign- ing their sale and purchase agree- ment.”
The 700 three-bedroom units are between 850sq ft and 900sq ft in size and were sold for RM280,000 and RM300,000 respectively.

 

Several of the buyers said they were fortunate to have been cho- sen among the many applicants.
“This project is sold below mar- ket price to help people like me, and I’m thankful for it,” said Phang Jiun Jiann, 30, a bank employee.

 

Mohammad Noor Bahari, 32, said that he first heard about the Rumawip project after browsing on the Internet.
“I work for an oil and gas firm in KLCC, so I’m very fortunate to be able to buy such an affordable home just minutes away from my office,” said Mohammad Noor.

 

Trading company employee Renee Young, 33, said Residensi Pandanmas was a value buy.
“I have long been looking to buy an apartment in the city that I can afford, so projects such as this are really welcome,” she said.