Question on using EPF to buy house, Document require: letter of consent....
Question on using EPF to buy house, Document require: letter of consent....
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Jun 19 2008, 02:36 PM, updated 18y ago
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#1
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Junior Member
37 posts Joined: Dec 2006 |
Hi All I plan to puchase a house from sub-sale and intend to using my EPF money to finance the downpayment. however, as i went thro EPF website for the document require for application, one of the document require(stated below) i have no idea what is it and any one here can advice when can i obtain the said consent from developer/land office?? many thanks "Letter of consent of transfer from the developer AND Letter of consent of transfer issued by the Land Office / Local Authority (if there is restriction on the property);OR Deed of Assignment in your name." |
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Jun 19 2008, 04:49 PM
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#2
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274 posts Joined: Jan 2008 |
i may be able to help you figure this out, but 1st, i need to know what type of property you bought. also, has the individual title been issued or is it still under master title? and, is it freehold or leasehold?
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Jun 19 2008, 05:33 PM
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#3
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37 posts Joined: Dec 2006 |
QUOTE(johnsonm @ Jun 19 2008, 05:49 PM) i may be able to help you figure this out, but 1st, i need to know what type of property you bought. also, has the individual title been issued or is it still under master title? and, is it freehold or leasehold? thanks for your reply.. is a condo, free hold, individual title havent issue yet( is quite a new condo and its just hand over sometime June last year)what i want to know is the timing, say if i sign the S&P today, about when can i obtain the said consent? thanks |
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Jun 20 2008, 09:12 AM
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#4
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274 posts Joined: Jan 2008 |
actually nowadays there is no more consent required to transfer a residential property. all you need is the developer's confirmation letter. how long it will take depends on the developer. anywhere from 3 days to 2 months. if you tell me the name of the developer i may be able to give you an estimate, that is if i have any properties with them.
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Jun 20 2008, 10:25 AM
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#5
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37 posts Joined: Dec 2006 |
thanks...
developer is Merge housing but how about "Letter of consent of transfer issued by the Land Office / Local Authority (if there is restriction on the property)", my understanding so far is if this is a free hold and non-bumi lot, i will not need such consent from land office/local authority, am i right? |
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Jun 20 2008, 10:34 AM
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#6
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274 posts Joined: Jan 2008 |
yes, letter of consent from land office/state authority is only required for leasehold. you don't need that.
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