A) Building/ Extending a house under General contract
Under this assistance members are able to utilize their housing entitlement to Build/extend house.
Guidelines:
- The member may apply directly to FNPF if his/her eligibility is sufficient to cover the project cost and the property should be free of any caveats, non FNPF charges and other encumbrances.
- The member must complete the prescribed application form FNPF Form 9G/3 and pay a processing fee of $43.
- If a member was previously assisted with a house in the village, then he/she may build/extend a house in the urban area provided that:
- The funds approved under the village scheme were fully and properly utilized
- The member has provided photographs of the house, as well as a statutory declaration confirming that the house was constructed in the specified village location.
- The member’s parents or immediate family will occupy the house in the village.
- Members shall not be entitled for any further housing transfers, if they have previously misused funds under the Village or Direct Housing Loan Schemes, unless their previous transferred amounts are fully repaid. Incomplete Village housing transfers may be included in the FNPF charge but each case will be assessed on its own merit.
- The dwelling house to be occupied by the member.
- Applicants are reminded that they will be required to maintain their property in good condition at their own expense. Inspection may be done by the FNPF to ensure that this requirement is being met.
- Incomplete applications will not be accepted
- Approved and valid plan from the relevant local Authority e.g. Town or city councils.
- An original stamped copy of the title /lease, showing the latest transactions certified by the Registrar of titles office (the certification should not be more than 1 month old and also to be free of any encumbrances).
- General contract quotations from three reputable contractors.
- 9G/3 Application form
- Processing fees of $43.00 (per applicant).
- A Registered Quantity Surveyor’s (QSE) or Civil Engineer’s detailed report with scope of work and breakdown of the project’s estimated cost to completion stage is required if the project is over $10,000.00.
- If project cost is less than $10,000.00, member shall submit their own scope of works and breakdown of the project’s estimated cost.
- Evidence of Contribution towards the project cost if FNPF Entitlement is not sufficient to cater for the total project cost. (e.g. bank statement or receipts of deposit).
- Four photographs of the house showing the area that is to be extended (this is applicable for extension only).
The amount approved will be paid under progress payment to member’s bank account or to the contractor for construction.
- Payment will be terminated if funds are misused
Approval
- Processing time for approval of your application would be approximately 5working days. It takes longer if all information is not submitted, or queries are not answered promptly.
- The FNPF legal documentation will be done by our legal department at a reasonable fee. The processing time will be approximately 15 working days.
- Two working days from completion of legal documentation for payment
Under this assistance members are able to utilize their housing entitlement to Build/extend.
Guidelines:
- The member may apply directly to FNPF if his/her eligibility is sufficient to cover the project cost and the property should be free of any caveats, non FNPF charges and other encumbrances.
- The member must complete the prescribed application form FNPF Form 9G/3 and pay a processing fee of $43.
- If a member was previously assisted with a house in the village, then he/she may build/extend a house in the urban area provided that:
- The funds approved under the village scheme were fully and properly utilized.
- The member has provided photographs of the house, as well as a statutory declaration confirming that the house was constructed in the specified village location.
- The member’s parents or immediate family will occupy the house in the village.
- Members shall not be entitled for any further housing transfers, if they have previously misused funds under the Village or Direct Housing Loan Schemes, unless their previous transferred amounts are fully repaid. Incomplete Village housing transfers may be included in the FNPF charge but each case will be assessed on its own merit.
- The dwelling house is to be occupied by the member.
- Applicants are reminded that they will be required to maintain their property in good condition at their own expense. Inspection may be done by the FNPF to ensure that this requirement is being met.
- Incomplete applications will not be accepted
- Approved and valid extension / building plan from relevant local Authorities e.g. town or city councils.
- An original stamped copy of the title /lease, showing the latest transactions certified by the Registrar of titles office (the certification should not be more than 1 month old and also to be free of any encumbrances).
- Processing fees of $43.00 (per applicant).
- Four photographs of the house showing areas that need extension.
- A Registered Quantity Surveyor’s (QSE) or Civil Engineer’s detailed report with scope of work and breakdown of the project’s estimated cost to completion stage is required if the project is over $10,000.00.
- If project cost is less than $10,000.00, member shall submit their own scope of works and breakdown of the project’s estimated cost.
- Evidence of Contribution towards the project cost if FNPF Entitlement is not sufficient to cater for the total project cost. (E.g. bank statement or receipts of deposits).
- 9G/3 Application form
- Three Quotations for building materials from three reputable hardware stores.
- Two quotations for labour, where labour and transportation cost are to be within 30% of the project cost
The amount approved will be paid in installments, direct to member’s bank account
Processing Time:
Approval
- Processing time for approval of your application would be approximately 5working days. It takes longer if all information is not submitted, or queries are not answered promptly.
- The FNPF legal documentation will be done by our legal department at a reasonable fee. The processing time will be approximately 15 working days.
- Two working days from completion of legal documentation for payment