EXAMPLE 4 (Purchase Of A Housing Lot And Building A House On It
Simultaneously)
Encik Nasaruddin purchased a piece of land costing RM80,000.00
on 1st January 2005 and obtained a loan of RM70,000.00 to finance the purchase.
On 1st May 2005, he has signed an agreement to build a house on the said land
with a total construction cost of RM200,000.00. He has obtained a housing loan
of RM100,000.00 to build the house. The calculation for withdrawal by Encik
Nasaruddin is as follows :
| Price of The Land |
RM 80,000.00
|
| Cost of Construction of The House |
RM 200,000.00
|
| Total Price of The Land and Cost of Construction of The House |
RM 280,000.00
|
| Total Housing Loan To Purchase The Land and To Build The House |
RM 170,000.00
|
| Difference Between The Price of The Land and Cost of Construction
of The House with The Total Housing Loan |
RM 110,000.00
|
| Additional 10% of The Total Price of The Land and Cost of Construction of The
House |
RM 28,000.00
|
| Maximum Amount Eligible For Withdrawal |
RM 138,000.00
|
| Balance Available in Account II |
RM 150,000.00
|
| The Amount That Can Be Withdrawn |
RM 138,000.00
|
HOW TO APPLY AND THE DOCUMENTS REQUIRED
You are required to complete
Form KWSP 9C (AHL) and to submit
this form together with the original and photocopy of the following documents,
whichever is applicable :
-
PURCHASE FROM DEVELOPER OR PUBLIC AUCTION
-
Your Identification Card / Military Identification Card
OR
The following Identification Card affixed with your right and left thumbprints
on its copy :
-
MyKad
-
Police Identification Card and a letter from your employer confirming
that your police no. and Identification Card no. refer to the same person.
-
Your Personal Savings Account Passbook/Statement or Personal Current Account
Statement which is still active ;
-
Sales and Purchase Agreement (purchase from developer) or Proclamation of Sale
(purchase from public auction) containing your name or the names of all
applicants for joint purchase and that is executed not more than 3 years on the
date the application is received by EPF ; and
-
If you have obtained a housing loan, the following
documents are required :-
-
Housing Loan Approval Letter (if the loan approval is less than one year)
OR
-
Housing Loan Approval Letter and Housing Loan Agreement / Mortgage Form 16A (if
the loan approval has been more than one year).
-
If you self-financed the purchase of the house, the
following additional documents are required :-
|
Purchase From Developer
|
Purchase From Public Auction
|
-
Letter from the developer confirming the purchase paid in cash ; and
|
-
Letter from the developer confirming the purchase paid in cash ; and
|
-
Proof of payment of at least 20% from the price of the house ; and
|
-
Proof of payment of at least 20% from the price of the house ; and
|
-
Architect Certificate with not less than 20% of construction
progress.
|
-
Transfer of ownership document such as :
Form KTN 16F ('Perakuan Jual Oleh Mahkamah')
OR
Form KTN 16I ('Perakuan Jual Oleh Pentadbir Tanah)
OR
Deed of Assignment in your name
OR
Form KTN 16F/ 16I/ Deed Of Assignment which has not been processed by the Land
Office AND Declaration letter from you to produce the above-mentioned
transfer of ownership document (duly completed) within 6 months.
|
-
PURCHASE FROM AN INDIVIDUAL
-
Documents as mentioned under A(i) to (iv) for Purchase From Developer or Public
Auction above, and
-
|
Individual / Strata
Title Has Been Issued
|
Individual / Strata
Title Has Not Been Issued
|
Deed of Title in the name of the seller AND Letter of
consent of transfer issued by the Land Office (if there is restriction on the
property) ;
OR
Deed of Title in your name ;
OR
Duly completed Form KTN 14A by the Land Office in your name.
|
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.
|
-
If you self-financed the purchase of the house, the
following additional documents are required :-
-
Letter from the lawyer in charge of the sale and purchase confirming the
purchase paid in cash ;and
-
Proof of payment of at least 20% of the price of the house ;and
-
If Form KTN 14A or Deed Of Assignment in your name as mentioned in Para (ii)
above has not been processed by the Land Office, the following documents are
required :
|
Individual / Strata
Title Has Been Issued
|
Individual / Strata
Title Has Not Been Issued
|
Form KTN 14A in your name, which has not been processed by the
Land Office
AND
Receipt Of Submission ("Penyata Perserahan") from the Land Office
AND
Declaration Letter from you to produce the duly completed Form KTN 14A within 6
months.
|
Form Deed Of Assignment which has not been processed
AND
Declaration Letter from you to produce the duly completed Deed Of Assignment
within 6 months.
|
-
PURCHASE OF LAND AND CONSTRUCTION OF A HOUSE SIMULTANEOUSLY AS A PACKAGE
(This package includes the cost of purchasing the land and building the house)
-
Documents as mentioned under A(i), (ii) and (iv) for Purchase From Developer
above, and
-
House Construction Agreement containing your name or the names of all
applicants for joint withdrawal and that is executed not more than 3 years on
the date the application is received by EPF ;
-
Sales and Purchase of Land Agreement containing your name or the names of all
applicants for joint withdrawal and the date of agreement is within 6 months
with the House Construction Agreement ;
-
Deed of Title of the land in the name of the seller/land owner ;
-
Power of Attorney, which has been registered with the Court, if the purchase of
land and house construction is made using a Power of Attorney ; and
-
If you self-financed the purchase of the house, the
following documents are required :-
-
Letter from the developer confirming the purchase paid in cash ;
-
Proof of payment of at least 20% of the price of the house ; and
-
Architect Certificate with not less than 20% of construction progress.
-
PURCHASE A SECOND HOUSE
-
Documents as mentioned under paragraph A to C where applicable, and
-
One of the following documents as the proof of sale of the first house :
-
Transfer of ownership document Form KTN 14A duly completed by the Land Office ;
-
Deed of Assignment between you and the purchaser ;
-
Deed of Title in the name of the purchaser AND Sales and Purchase
Agreement between you and the purchaser ;
-
Real Property Gains Tax Form (CKHT 5) AND Sales and Purchase Agreement
between you and the purchaser ;
-
Public Auction Form (KTN 16F or KTN 16I) AND confirmation from the bank
;
-
Transfer of property ownership through a Court Order to any party AND Divorce
Papers (for divorced cases) ; or
-
Official Search from the Land Office showing your name and the new owner AND
Sales and Purchase Agreement between you and the purchaser.
SUBMISSION OF APPLICATION
All application forms can be submitted to any EPF office either at the counter
or by post :
-
Submission at the counter - enclose together with the original documents and
their photocopies.
-
Submission by post - photocopies of documents must be certified by one of the
officers authorised by EPF.
CERTIFYING OFFICERS
Officers authorised by EPF to certify supporting documents to application form
are as follows (except for certain documents, which must be certified by the
respective officer as stated in the withdrawal form) :-
-
EPF Officer :
-
EPF Officer (Grade 18 and above)
-
EPF Counter Duties
-
Applicant's employer
-
Justice Of The Peace
-
Penghulu/Penggawa
-
Advocates and Solicitors
-
Government Officers in the Management and Professional Group
-
State Assemblyman
-
Member of Parliament
-
Commissioner of Oath
MODE OF PAYMENT
All withdrawal payments will be credited directly into your bank account
subject to the following conditions :-
-
You have a bank account with any panel of banks appointed by EPF ;
-
Your bank account is still active ; and
-
Your bank account is a Personal Savings/Current Bank Account OR
a Joint Account (for withdrawal payment above RM100,000 only).
However, if the EPF is unable to credit the payment into your bank account due
to reasons such as your bank account is not active or your Personal
Identification number does not match, you will be paid by banker's cheque.
(For more information regarding direct payment to your bank account and the
list of banks appointed by EPF, please refer to Direct Crediting Into Member's Bank Account System)
Note :
After making this withdrawal, you are eligible to withdraw your savings to
reduce/redeem the housing loan for the same house once a year. For further
information, please refer to Reduce/Redeem Housing Loan Withdrawal.
CORRESPONDENCE ADDRESS
You are required to furnish your full address in Form KWSP 9C(AHL). Any change
of address after submitting this application must be notified to the nearest
EPF office.
ENQUIRIES
If you have any enquiry or require further information on this withdrawal,
please contact the EPF office
-
Any nearest EPF office
-
EPF Call Management Centre, Tel : 03-8732 6000
-
E-mail : enquiry@epf.gov.my
Please quote your EPF membership number and the type of
withdrawal that you have applied for when you contact the EPF. You are
encouraged to contact the EPF directly for assistance and advice.
ATTENTION
This information is only a guide. The EPF reserves the right to amend any
conditions or request for additional documents if deemed necessary.