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Buyers' Guide

  • Identify and Select A Unit

    You are welcome to drop by our sales office to register or book for a unit of your preference. Booking fee is required in which it will automatically form part of the down payment upon signing Sales and Purchase Agreement (S&P).

  • Letter of Offer

    After selection of the unit, a letter of offer will be issued for you as well as the receipt for your booking fee. The letter of offer will contain the particulars of the property (ties) that you have purchased.

  • Financing Your Purchase

    Once you have information about the unit you would like to purchase, it is advisable to consult the  banks or EPF for a preliminary assessment as to whether you are able to obtain financing for the unit. You may work out your affordability by referring to the loan calculator. Your budget would depend on your monthly salary. As a general rule of thumb, your monthly salary should at least be three times your monthly repayment installment.

  • Sale and Purchase Agreement

    You are required to execute the Sale and Purchase Agreement (SPA) at our appointed solicitor's office within 7 days from the date of Letter of Offer.

  • Loan Application and EPF Withdrawal

    You are advised to apply for a housing loan instantly after confirmation of sales. For those who wish to make withdrawal from EPF account, you need to obtain the EPF Withdrawal Form from EPF office or you may download it from the EPF website at http://www.kwsp.gov.my.

    Loan Application

    Private Sector Loan Application

    A panel of bankers have been appointed to provide loans to those who qualify, but the final decision lies with you as you are free to choose any bank of your choice. The documents required to apply for a housing loan are:-
    1. Original copy of the SPA
    2. Copy of the title deed (if available)
    3. Photocopy of your IC
    4. A copy of your last 3 months’ pay or last 6 months’ bank statement (if self-employed)
    5. Letter of confirmation on income and years of service from your employer
    6. A copy of Income Tax return/EA form for the past 3 years

    Government Loan Application

    If you are a civil servant, you may have been advised by your Departmental Head on the requirements for a housing loan or you may refer to the web site http://www.treasury.gov.my/ for information. You are advised to study the requirements carefully.

    EPF Withdrawal

    Requirement

    To qualify, you need to be an EPF member.


    Entitlement

    Your entitlement would be 30% of balance available in you EPF Account II or the difference between the purchase price and loan amount (whichever is lower).

    In addition to the above mentioned withdrawal, you may also apply for withdrawal to Reduce / Redeem housing loan. This withdrawal from Account II is to pay the actual monthly installment which has started, and it would reduce your monthly installment / redeem outstanding balance of your housing loan.


    Procedure

    1. Submit the EPF Withdrawal Form together with the original copy of the SPA
    2. Submit photocopy of your IC and a copy of the letter of loan approval from your end-financier

    (the original SPA, letter of loan approval from your end-financier and IC would need to be sighted by the EPF officers)


    Mode of Payment

    Generally, the payment will be released directly to the member within a period of 3 to 4 weeks from the date of submission. You can refer to EPF’s website at www.kwsp.gov.my for more information.

  • Payment Procedure

    Downpayment

    The initial down payment as stated in the letter has to be paid to us on execution of the Sale & Purchase Agreement.


    Late Payment Charge

    As stipulated in the Sale & Purchase Agreement and Housing Developer's Control and Licensing Act, a late payment charge at 10% p.a. calculated daily will be levied on any overdue payment.


    Payment Schedule

    1. You will have to pay each purchase price installment against the developer's architect certificate of completion for that stage of construction, which corresponds to the particular installment.
    2. The due date for each installment is 14 days after receipt of the billing. Make sure you pay on time otherwise you will have to pay interest at 10% per annum on late payment.

    Other Payments

    1. Quit rent, assessment and other charges in respect of the property are payable from the date of the SPA.

  • Useful Link

    1. Employees Provident Fund (EPF)
    2. Sarawak Electricity Supply (Sarawak Energy)
    3. Water Supply (LAKU)
    4. Sarawak State Government
    5. Ministry of Finance