Housing and Local Government. The
property development industry is highly regulated, governed
by 3 principal legislatures, and supported by guidelines and
by-laws. Purchasers are assured of a reliable and
responsible purchase environment.
Registration Register yourself at www.i-zen.com.my,
drop us a line at +6203 6688 or visit our respective
Sales Galleries map :(http://www.senimontkiara.com.my/location.html)
Our sales personnel will be happy to assist you where
possible to pursue your preferred development(s).
Purchase Forms
After identifying the unit(s) you wish to purchase,
complete the Purchase Form, accompanied by the first 10%
of the purchase price as initial payment, according to
the Third Schedule in the Sales and Purchase Agreement
('SPA').
Sale and Purchase Agreement
The prescribed SPA will be prepared and executed within a
reasonable timeframe (typically this process takes 14
days).
For cash purchasers, progressive
payments are made according to stages of completion, as
identified in the Third Schedule in the SPA.
For purchases with loan financing:
Application for Loan
Assistance will be provided for the application of
a loan from any financial institutions within panel of
end-financiers. Approvals are typically obtained within 3
working days. Documents required are as follows:
Photocopy of identification
documents: National Registration Identity Card (NRIC) for
Malaysians, or Passport for Foreigners
Income tax returns statement for the past 3
years
Salary slips for the past 3 months and/or bank
statements for the past 6 months (if self-employed)
Letter of confirmation from employer on salary and
number of years in service
Particulars of property purchased - Purchase Forms or
SPA
Letter of Offer on Loan
Upon approval of your loan, the end-financier will
issue a Letter of Offer which requires acceptance within 14
days, failing which the offer will expire. Kindly note that
you are required to settle the difference between the
purchase price and the loan sum approved ('Differential
Sum') in accordance to the Third Schedule in the SPA, before
the end-financier releases any funds.
Withdrawals from the Employee
Provident Fund (EPF)
Malaysian purchasers who have EPF accounts and
would like to make withdrawals from Account 2 to finance the
purchase, are able to do so once the Letter of Offer has
been accepted. Application forms are available at respective
EPF offices or downloadable from their website, www.kwsp.gov.my.
Loan Documentation
Loan documents will be prepared for execution after
acceptance of the Letter of Offer. It is strongly
recommended that purchasers engage the same solicitor who
handled the SPA for timely preparation and coordination of
all the required documents. For landed property developments
where individual titles for the property have been issued,
the relevant title will be charged to the end-financier as a
security for the loan. For strata-titled developments of
which the titles are issued after completion, the properties
will be assigned to the end-financier by way of deed of
assignment of the SPA.
