Ini you have to read your bank's letter of offer for loan.

Usually for under-contruction property, banks will charge progressive interest payment once developer send bill to bank to release loan based on Schedule G/H completion. Certain administrative fees might be deducted as well.

If your loan margin is less than 90% of SPA price, then you'll be in charge of paying up the first few % of the Schedule G/H that is completed before developer will bill to bank.

This post has been edited by DragonReine: Nov 11 2020, 07:18 PM

Must be stamped. No stamp = not legally recognized, so EPF won't accept unstamped loan offer letter and/or SPA

When in doubt with regards to documents, bring photocopy + your own originals to verify by EPF officer at counter, as they are authorised verifier. Just remember to take back and bring home safely

Essentially you need to submit CTCs of your documents to EPF, but no harm bringing your original stuff so officer can verify, in case they ask for it. I kena before for education withdrawal before because they wanted to reverify my bank account statement, had to show passbook.

For documents to be submitted at EPF they should be verified by any of the following:

- EPF Officer (Grade 18/G5 and above or Officer at counter)
- Lawyer that facilitates your loan/house purchase.
- Bank officer that facilitate your house loan approval.

This post has been edited by DragonReine: Nov 16 2020, 11:53 AM


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Ask from agent or developer gua, normally it's part of the documents from developer that explains all the discounts. Not exactly part of S&P but is separate package

Actually EPF allow withdrawal another extra 10% of purchase price on top of the difference between purchase price and loan amount.

So can effectively withdraw 20% of purchase price 😂

This letter is simply a certifying letter saying that architect has confirmed that property has finished a certain stage.

Normally you should get a separate letter from the developer requesting to pay any money owed for 1st billing to their housing development account, it's usually written like an invoice with due dates and account number + amount owed.

Usually billing letter will be sent within 2 to 3 weeks of a stage being completed. If you're not sure, call developer directly and ask when they sent/will send their billing letter.