Since 1 July 2024, the six-pack Water Municipal Housing Provident Fund Management Centre has increased the use of second-hand housing fund loans in the municipality。

In addition to the procedure followed by the first-hand housing fund loan, the buyer and seller can apply for a housing fund loan if the buyer fulfils the terms of the housing fund loan within one year of the transfer of ownership。

An employee who buys a second-hand home in the municipality and applies for a loan from the Housing Provident Fund may voluntarily choose one of the following:

1. The purchaser pays for the purchase of the house and the transfer of the property, and, within one year of the transfer, if the buyer meets the terms of the Housing Provident Fund loan, the buyer and the seller, after providing the information on the elements and confirming on-site the seller ' s collection account, apply to the Municipal Provident Fund Centre for a Housing Provident Fund loan。

2. After the buyer and seller had entered the City Provident Fund Centre to register the loan, made an initial review of the loan amount, number of years, interest rate, confirmed on-site the seller ' s collection account, the buyer paid down payments and issued a transfer of title, and immediately after the transfer the buyer provided the relevant information for the application for the loan。

Source: Six Water Municipal Housing Provident Fund Management Centre