Equity Sharing Scheme

Scheme Objective: The primary objective of this scheme is to provide assistance to applicants who require Housing Authority’s support in acquiring their own residential property. This scheme is designed for individuals who intend to purchase their residence, with an initial acquisition of at least fifty percent of the property. The remaining portion can be acquired by them at a later stage.

Under this scheme, applicants are granted a 20-year period within which they are required to acquire the Housing Authority’s share by paying the same price originally paid by the Housing Authority. To facilitate this process, APS Bank plc offers applicants a loan. This loan can be used to purchase a property either in a finished and habitable state or in a shell form state, which can subsequently be transformed into a habitable condition.

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