The housing provident fund cannot be used for some properties, mainly because the developer's project has not been registered for housing provident fund loans. Generally, there are the following reasons, and others are waiting to grab it. The main reason is that developers are unwilling to process housing provident fund loans for owners because of the troublesome procedures. (Of course, it is said that this is the case for most real estate projects that are currently unable to provide provident fund loans:

Reason 1. The development company is relatively tight in funds

The disbursement of provident fund loans takes longer than the disbursement of commercial loans. The company cannot afford it (but I personally think that this house may be unfinished at any time!)

Reason 2. The development project is quite awesome

If you don’t buy it, you won’t be able to buy it. It doesn’t matter if you just pass on a company like this. Money is so tight that you can’t even apply for a provident fund loan. If something unexpected happens, others will rush to buy it even if you don’t buy it.