PREFERENCES

SALES POLICY

Sunday, 20/08/2017, 08:36 GMT+7

SALES POCILY OF DRAGON FAIRY PROJECT

(The policy applies to the Customer who register to buy Dragon Fairy Apartment since 20/08/2017)

 

1/ Normal payment progress:

Installment

Time

Rate

Remarks

Installment 1

Upon signing registration form

50 million dong

 

Installment 2

Within 10 days after installment 1

10%

- Included 50 million of installment 1

- Excluded VAT

Installment 3

25/10/2017

10%

Excluded VAT

Installment 4

Quarter 1/2018 (Signing Contract)

Fully 30%

Included VAT of 30%

Installment 5

25/04/2018

8%

Included VAT

Installment 6

25/07/2018

8%

Included VAT

Installment 7

25/10/2018

8%

Included VAT

Installment 8

25/01/2019

8%

Included VAT

Installment 9

25/04/2019

8%

Included VAT

Installment 10

Quarter 4/2019 (apartment handing over)

25%

Included VAT, 2% of maintenance fee and VAT of 5% of installment 11.

Installment 11

Handing over Red Book (Certificate)

5%

Excluded VAT

 

TOTAL:

100%

 

 

2/Fast payment discount

Installment

Payment progress

Payment 70%

Payment 95%

1

Signing contract (Quarter 1/2018)

70% (included VAT)

95% (included VAT)

2

Handing over apartment (Quarter 4/2019)

25% (included VAT)

 

Maintenance fee

2%

2%

VAT of 5% of last installment

VAT of 5% of last installment

VAT of 5% of last installment

3

Handing over Red Book (Certificate)  – Excluded VAT

5% (Excluded VAT)

5% (Excluded VAT)

Fast payment discount

1.5%

2.0%

 

Fast payment discount is calculated on the value of the apartment (excluded both VAT and maintenance fee).

3/ Rental commission:

Commitment to the Rental Commission Program. The profit sharing ratio between customers and investors is 70% and 30%. Customers are entitled to 15 free nights per year (breakfast included, based on the room standard).

4/ Assignment:

  1. In case the customer paid less than 20% of the contract value
  • Can be assigned at no charge for up to 03 assignments
  • On the 4th assignment, the customer has to pay to 89 Building Company the administrative fee of 10,000,000VND / turn.
  • Since the 5th assignment onwards, the customer has to pay to 89 Building Company the administrative fee of 15,000,000 VND / turn.
  1. In case where customer paid 20% or more of the contract value:
  • For the first assignment, the customer must pay to 89 Building Company the administrative fee of10,000,000VND / turn.
  • Since the 2nd assignment onwards, the customer has to pay to 89 Building Company the administrative fee of 15,000,000 VND / turn
  1. Assignments after the signing of the purchase contract will be made in accordance with the law and the customer must pay the administrative fee to the investor in accordance with the provisions of section (b) as above.
  2. Any form of renaming the customer in Registration for Reservation and Escrow Agreement is considered as a form of assignment.
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