HOUSE SALES
The Authority used to build houses on developed land and sell. However, due to mass construction we were not able to monitor the works carried out by the previous contractors resulting in complaints in house defects. We then decided to, do away with the construction. We used to sell ready build houses, do loans assessment, approvals, conveyancing and arranging deposits from FNPF. We may start this in future again if the Board decides.

Terms and Conditions.
For cash sales, has to be paid within 7 days.
Interest rate of 4.45% fixed for two years and 7.99% thereafter.
Loan term of 30 years depending on the age. Client has to be 21 years or over.
Deposit of 10% for salary deduction clients and 30% for cash paying clients.
Total commitment of 35% of gross salary for income less than $25,000 per annum and 40% above $25,000.

Requirements:
Pay slips / Statutory Declaration (Self employed) Income Statements / Cash flows / three years audited financial report.
Marriage or Birth certificates.
FNPF Housing eligibility statement if arranging deposit from FNPF.
FNPF Card / Passport / ID Cards.
Bank Statement for at least 6 months.
Statement of any village loan from FNPF
Application fee $27.50.