Buyers Guide

Please register at our website, contact our sales hotline or visit our sales gallery to obtain registration form. Prior to the launching you will be invited to our sales gallery to select your desired unit, based on first come first serve basis.

A minimum booking fee from RM500 to RM1000 will be collected to secure your booking.

 The following documents are required when apply for private bank housing loan:-

1. Original copy of the Sale and Purchase Agreement/ Sales Form
2. Photocopy IC
3. A copy of your last 3 month’s pay slip, bank statement or EPF statement
4. A copy of Income tax return/EA form for the past 3 years (optional) 

It depends on the financial institution, it will take 2-4 weeks time to process your application if required documentations are provided.

The sequence of loan processing are as follow:-

1. Fill up application form and submit with required documents
2. Interview by the loan processing representative of the bank/ financial institution.
3. Upon approval from bank/ financial institution, a Letter of Offer will be issued to purchaser. Purchaser are required to sign the letter of offer if the bank’s offer is accepted and a copy will be forwarded to the developer.
4. Bank/ financial institution will issue a Letter of Instruction to the loan solicitor to prepare the loan document, which may be either:-
   • Deed of Assignment/ Loan Arrangement; or,
   • Form 14A known as Memorandum of Transfer (MOT) and Charge Form (if Individual Title obtained upon purchase)
5. After loan documentation signed and executed, it will be returned to solicitor for stamping and registration. The stamped copies will be forwarded to developer, bank and purchaser for safe-keeping.
6. Purchaser need to settle the differential sum that owe to developer before the due date. Once all the differential sum is settled, the developer will issue Letter of Undertaking to bank/ financial institution.
7. The bank/ financial institution will release the payments to the developer progressively according to the Third Schedule of the Sale and Purchase Agreement upon receipt of our invoice/ billing.

The initial 10% of selling price has to be settled upon signing the Sale and Purchase Agreement and within 14 days from the confirmation sales or booking made.

The differential sum of approved loan amount has to be settled within 21 days from the invoice date issued from the developer. Bank/ financial institution will not be able to release progressive payment to developer if the differential sum is not settled by purchaser.

Progress Billing
The periodical invoice by the developer when the relevant construction stage as stipulated in the Third Schedule in Sale and Purchase Agreement is completed and certified by the architect. It is the standard Government schedule as stipulated in Housing Development (Control & Licensing) Act, 1966.

Payment Period
Purchasers are required to settle the due payment within 21 working days from the date of invoice as stipulated in the Act.

Invoice to End-Financier/ Treasury
Subsequent invoice or progress billing will be forwarded directly to the end-financier once loan document is executed and differential sum is settled by purchaser. A copy of the invoice will be forwarded to purchaser to enable he/ she to liaise with the end-financier for prompt release of payment.

Mode of Payment
It is advised that payment to be made by crossed cheque, bank draft or money order. Avoid payment by cash if possible unless for the settlement of miscellaneous charges (during the handing over of vacant possession).

Excess Payment/ Refund of Over Payment
Such over payment might occur if:-

1. Loan has been approved by your bank/ financial institute
2. Release of the first progress payment from bank/ financial institute
3. Settlement of the difference between the loan amount and selling price.
4. Settlement of any outstanding late payment charge or other miscellaneous charges (if any).

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.

For instance:

Invoice dated: 11 April 2015 for RM28,100.00
Due date: 10 May 2015 (i.e. 21 working days from date of invoice)
Payment received: 16 May 2015

No. of days delayed: 11 May 2015 to 16 May 2015 = 6 days
6 days/365 x 10% x RM28,100.00 = RM46.19

To Avoid Late Payment Charges

1. Apply for your loan immediately. We will be pleased to assist you in any way possible.
2. Liaise with EPF officials to ensure prompt release of withdrawal sum.
3. Settle the difference between loan amount and purchase price immediately on loan approval or on receipt of invoice from us.
4. Monitor closely the loan processing with your bank/ financial institute to ensure that the loan documents are finalised within the grace period.
5. Liaise actively with your bank/ financial institute and solicitor on receipt of the invoice from us to ensure payment is made within the stipulated period of 21 days.

Yes. As you are advised to apply for the loan immediately after sales confirmation, you may also request to defer the initial 10% down payment from us. Please refer to www.kwsp.gov.my to download the EPF Withdrawal Form or visit you nearest KWSP branch for further consultation.

1. You must be an EPF member.
2. Your entitlement would be 30% of available balance in your EPF Account II, or the difference of purchase price and approved loan amount, whichever is lower.
3. You must submit the EPF Withdrawal Form together with a copy of stamped and registered Sale and Purchase Agreement, a copy of your NRIC and a copy of letter of loan approval from your end-financier.
4. You are required to bring along the original version of Sale and Purchase Agreement, Identity Card and letter of loan approval upon submission and to be sighted by the EPF officials.
5. The fund will be released to member directly within 3-4 weeks from the date of submission. Please refer to www.kwsp.gov.my for further information.

For government loan applicant, please refer to the following checklist and steps:-

1. Complete the online registration form in detail via www.bpp.treasury.gov.my. Print the form once completed.
2. Obtain Letter of Confirmation and Recommendation (Surat Iringan) from your Head of Department.
3. Execute Borang 2 (Form 2), i.e. declaration of the borrower giving consent to the Federal Government to deduct the loan installments from his/ her salary.
4. Borang 7 (Form 7) if there is joint name in the Sale and Purchase Agreement but only one person’s name to apply for government loan.
5. Certify true copy by Head of Department on all the required documentations, i.e. a copy of applicant’s NRIC, 3 months latest pay slip/ e-slip, Borang 7 (Form 7), Letter of Recommendation and Letter of Appointment (Surat Pengesahan Dalam Perkhidmatan).
6. Copy of title deed.
7. Borang 5A – declaration from the developer consenting to registrar’s caveat.
8. A copy of Developer License and Advertising Permit.
9. A copy of Power of Attorney.
10. A copy of Land Conversion Approval.
11. A copy of Sale and Purchase Agreement.
12. Borang 3A/3B, Borang 4 – Deed of Assignment or Charge and Disclaimer of Interest from the solicitor.

*Item 6 to 12 will be prepared by developer and the appointed panel solicitor.

We will provide full service and assistance for government loan applicant for convenient. 

Yes. When the housing project has obtained the Certificate of Completion and Compliance (CCC) from the local authority, a Letter of Handing Over of Vacant Possession will be mailed to you notifying you that your unit is ready to take vacant possession.

You will be given 14 days from the date of receipt of the letter to settle all outstanding bills (inclusive of late charges) before collecting your unit’s keys from us. Then, you will take possession of your unit after having paid all monies payable under the Third Schedule of the Sale & Purchase Agreement and all other monies due.

We will arrange an appointment for a joint inspection between you and our dedicated department. The joint inspection is to ensure that all specifications as per the Sale and Purchase Agreement are provided and to identify any defects or complaints. Your complaints should be in writing and will be attended by us throughout the defects liability period. Any defects which become apparent during this period not arising from your own actions will be rectified by us.

As a purchaser you are entitled to certain rights in accordance with the Sale and Purchase Agreement. The Ministry of Housing and Local Government’s Enforcement Division is the authority sanctioned by the Government to ensure that your rights as a purchaser are protected.

Thus, as the developer, we will ensure that:-

1. Your unit must conform to the specifications itemised in the Sale and Purchase Agreement
2. Your unit must be completed within the stipulated time frame, i.e.:
   • Landed property: 24 months from the date of the Sale and Purchase Agreement
   • Strata property: 36 months from the date of the Sale and Purchase Agreement