1. Is TPPT Sdn. Bhd. registered with the Real Estate and Housing Developers Association of Malaysia (REHDA)?

Yes, TPPT Sdn. Bhd. is  a registered member of REHDA.

2. What is the completion period for the properties constructed?

For landed property such as bungalows, semi-detached houses and terrace houses, the expected date of completion is 24 months from the date of signing of the Sale and Purchase Agreement.

For subdivided building such as condominiums, flats, apartments and
townhouses, the expected date of completion is 36 months.

3. How much is the initial deposit for the purchase?

The first payment of 10 per cent must be made upon signing of the Sale and Purchase Agreement (SPA). The date of signing of the SPA and the date of first payment are the same. Housing developer is not allowed to collect any form of payment without a Sale and Purchase Agreement being signed.

4. What are the charges imposed by your Company?

There are two charges i.e. infrastructural maintenance charges and
maintenance and management fees, as follows :-

• Infrastructural Maintenance Fee

Purchaser must pay the cost of maintaining the infrastructure from the
date of vacant possession till date the responsibility is taken over by the
local authority or management corporation (in the case of a subdivided
building).

Infrastructure is defined as :-

• For land and building

Road, driveway, drains, sewerage, pipelines and sewerage tank for the housing development.

• For subdivided building

Road, driveway, drains, sewerage, pipelines and sewerage tank for the building.

• Maintenance And Management Fee

From the date of delivery of vacant possession, the purchaser shall be responsible for paying for services such as :-

• For land and building
  • Refuse removal, upkeep of drains and grass-cutting on the road reserves.
  • The purchaser is responsible for such payment until such responsibility is taken over by the proper authority.
  • The purchaser must pay a six months’ deposit upon being handed vacant possession for the services to be rendered. After six months, if the services are still not taken over by the relevant authority, any subsequent payment shall be payable on a monthly advance.
• For subdivided building
  • Payment is for the cost of maintaining and managing the common area and payment starts when vacant possession is handed over.
  • The purchaser shall pay one (1) month’s deposit and three (3) months' advance in respect of the maintenance service charges and any payment thereafter shall be payable on a monthly advance.
  • Maintenance fee must be paid to us or our appointed agent from the date of delivery of vacant possession up until the formation of a management corporation under the Strata Title Act 1985.
  • Once the management corporation is formed under the Strata Title Act 1985, maintenance services will be handled by the management corporation and the purchaser must pay the maintenance fee to the management corporation and not to the developer.

  Reminder :-

  Maintenance fee must be paid as long as the purchaser owns a parcel in the said maintained building.

5. We use to hear about sinking fund. Can you explain?
   
   The sinking fund is meant for subdivided building only. The purchaser shall
   upon the date he takes vacant possession of the said parcel, contribute to the
   sinking fund an amount equivalent to 10 per cent of the service charges.
   
   The purchaser shall pay one (1) month’s deposit and three (3) months’
   advance in respect of the service charges to the sinking fund and any payment
   thereafter shall be payable on a monthly advance.

6. What about quit rent and other charges payable?

From the date of delivery of vacant possession or date of assignment, whichever is earlier, the purchaser is responsible for the quit rent, assessment, rate payment and other charges relating to the property bought.

7. When can we move into the house?

Vacant possession on the building complete with water and electricity
connection shall be handed over within 24 calendar months from the date of signing of the SPA for landed property and 36 calendar months for subdivided building.

The purchaser is entitled to enter into occupation of the property only upon
issuance of the CFO by the relevant authority and renovation may be carried out only upon issuance of the CFO and approval of the plan by the relevant authority.

While inspecting the building, any apparent defects is recorded and handed over to us to be rectified. Make sure you obtain a copy of the report.

8. How to withdraw EPF to purchase a property?

The EPF has introduced withdrawal scheme as follows :-

• Withdrawal To Purchase or Build a Property

This scheme allows EPF members to withdraw from their account II to
purchase or build a house or shophouse with dwelling unit.

Amount eligible to withdraw

Members can withdraw their savings under this scheme as below, which
ever is lower :-

1. the different between the price of the house and the housing loan with an additional 10% of the price of the house, or
2. the balance amount in account II.

Example :

	RM
Price of the house	75,000
Housing loan	60,000
Difference between the price of the house and housing loan	15,000
Additional 10% of the price of the house	7,500
Amount eligible for withdrawal	22,500
Balance in Account II	18,000
Amount can be withdrawal	18,000

For this case, the member can only withdraw RM18,000, which is the
balance in Account II.

How to apply

• Members are required to submit KWSP 9C (AHL) form together with the necessary supporting documents.
• Effective 1st August 2001, EPF will be crediting directly into members’ bank account their withdrawn savings.
• Members are also allowed to apply under the Reducing or Redeeming Housing Loan Withdrawal Scheme for the same house every three years.

Withdrawal To Purchase or Build a Second Property

Effective from 2nd January 2001, members can also withdraw from their account II to purchase or build their second house on condition that the first house, which was funded from their EPF savings, has been sold.

Members are required to submit documentation of the sale of property such as :-

• Memorandum of Transfer (KTN 14A); or
• Title Deed under purchaser’s name; or
• Deed of Assignment; or
• Loan Agreement cum Assignment.

If the house purchased or built before 2nd January 2001, members can only
withdraw to reduce or redeem their housing loan only.

For more information, please visit or call the nearest EPF office or its web site : www. kwsp.gov.my . Any queries can be sent to the EPF via  e-mail : enquiry@epf.gov.my

 

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