| Trial
Living Plan (List Price + 5 % ) |
| 1. |
5% of the purchase price payable upon the signing
of the Memorandum for Sale. Formal Agreement for Sale
and Purchase must be executed within 3 working days
after the signing of the Memorandum for Sale. |
2.
|
Balance
of 95% of the purchase price payable within 13 months
after the signing of the Formal Agreement for Sale
and Purchase. |
|
Special
Privileges:
|
| a. |
The developer may offer Second Mortgage Loan up to
20% of purchase price at an interest rate as low as
P-1% per annum.* |
| *
The provision of the Second Mortgage Loan is subject
to the consent of the First Mortgage bank and approval
of the developer. The term of the Second Mortgage
Loan must not exceed the term of the First Mortgage
Loan and the term of the Second Mortgage Loan shall
not exceed 20 years in any event. The developer has
the final decision as to the provision of Second Mortgage
Loan. |
| b. |
The developer may grant the purchaser an 12-month
Licence to Occupy the property one month after signing
of the Formal Agreement for Sale and Purchase.**
|
| |
**
The Licence is subject to the following terms and
conditions:
| 1.
|
The
purchaser shall sign a Licence Agreement in
developer’s prescribed form upon signing of
the Formal Agreement for Sale and Purchase.
The Licence will be valid for 12 months, commencing
one month after the signing of the Formal Agreement
for Sale and Purchase and expiring on the date
of completion of the sale and purchase.. |
| 2.
|
The
purchaser shall pay 5% of purchase price as
the Licence fee for 12 months of occupancy.
The Licence fee paid shall not be refunded to
the purchaser for any reason whatsoever. |
| 3. |
The purchaser shall pay a Licence deposit, stamp
duty, legal fee for the Licence Agreement, and
all fees and deposits incurred in the handover
of the property. |
| 4. |
The
purchaser shall bear all government rates, rents
and management fee during the period of occupancy. |
| 5. |
The
Licence fee and Licence deposit paid shall form
part of the balance of purchase price if the
purchaser completes the purchase and executes
the Assignment according to the Formal Agreement
for Sale and Purchase. |
| 6.
|
If
the purchaser chooses not to purchase the property,
a notice of termination of the Formal Agreement
for Sale and Purchase shall be served on the
developer at least 1 month prior to the expiry
of the Licence/scheduled date of completion
of the sale and purchase. The deposit of 5%
of the purchase price shall be forfeited to
the developer. The purchaser shall pay all legal
fees and expenses arising from the cancellation
agreement. The property together with the fittings
provided shall be returned to the developer
in good condition. |
|
|
The
above information is for brief reference only. Detailed
terms and conditions are subject to the Agreement
for Sale and Purchase and the Licence Agreement.
|