INTRODUCTION

This scheme allows members to withdraw their savings in Account II to purchase or build a house as follows :

• Individual purchase; or
• Joint purchase with spouse, family members or other individuals.

• Purchase/build a house or purchase a shophouse with dwelling unit;
• Have never made any withdrawal under this scheme;
• Have made a housing withdrawal and after 2nd January 2001 they intend to purchase/build a second house on condition that the first house which was funded from their EPF savings has been sold;
• Have executed the Sales and Purchase Agreement/Construction of House Agreement not more than three years on the date the application is received by the EPF;
• Have not reached 55 years of age at the time the application is received by the EPF;
• Purchase a house by way of hire-purchase from parties authorised by the EPF; and
• Purchase a piece of land and build a house on it simultaneously.

• Purchase a piece of land or a housing lot only;
• Renovate, repair/make extension to an existing house;
• They sell or transfer the ownership of their first house based on "love and affection" to enable them to make withdrawal for the purchase of a second house.