| LAND
SALES
The
Authority buys large pieces of raw land, develops and subdivides it before
selling to customers for either cash or loan through Housing Authority.
Developed land consists of residential, commercial, religious and community
blocks.
Housing Authority carries out the functions from sales, loans assessment,
pegs redefinition, approvals, conveyancing and arranging deposits from
FNPF.
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 10 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. |