Initial Procedures

 

Registration
You can register your interest to buy by either registering online or visiting our sales office at IBRACO HOUSE, No. 898, Jalan Wan Alwi, Tabuan Jaya, 93350 Kuching, Sarawak. Alternatively you can call 082-361111 or fax 082-362233 or e-mail us. Our friendly sales personnel will be ever ready to assist you. 

House Selection
Upon launching of housing project, you will be invited to visit our office to select your unit on a first-come-first-serve basis and your selection would be reserved for you upon payment of 5% down payment of the purchase price.

Execution of Sale and Purchase Agreement
Then you must execute the Sale & Purchase Agreement (SPA) at our appointed solicitor's office upon settlement of the 5% down payment.

Application for Loan and EPF Withdrawal
We will assist you in applying for housing loan from our panel of bankers. For those purchasers intending to make withdrawal from your EPF account, you will have to obtain the EPF Withdrawal Form from the EPF office or download the Form from the EPF website at www.kwsp.gov.my

Letter of Offer on Housing Loan
When your housing loan had been approved, the end-financier will issue a Letter of Offer which must be accepted by you within 14 days. Prior to the utilization of the loan, you must settle the difference between the loan amount and the purchase price in accordance with the terms of the SPA.

Letter of Instruction to Execute Loan Documents at Solicitor's Office
The end-financier will then instruct its solicitors to prepare the loan documents for the purchaser's execution. Where a separate title has been issued, the property will be charged to the end financier as security for the loan. If legal title has yet to be issued, the property will be assigned to the end financier by way of the deed of the assignment.