Under this assistance members are able to utilize their housing entitlement to purchase NLTB land.
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.
- The member must complete the prescribed application form FNPF 9G/3 and pay a processing fee of $43 per applicant.
- If a member was previously assisted with a house in the village, then he/she may purchase land 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.
- Members may apply for a further transfer to purchase another home provided the previous transfers are fully repaid to FNPF and the first property is free from any mortgage.
- Incomplete applications will not be accepted.
- Complete FNPF Form 9G/3
- The Agreement for lease from NLTB stamped by the Stamp Duty Office.
- NLTB loan offer letter
- Processing fees of $43.00 (per applicant).
- Evidence of Contribution towards the project cost if FNPF Entitlement is not sufficient to cater for the total project cost. (e.g receipts of deposit/ NLTB invoice)
Payment will be made direct to NLTB.
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