SALES POLICY

Foreign buyers can select one of the two following methods of payment:

  • 100% Payment: Discount (2% of selling price + 9.5%/cash flow/number premature dates)
  • Progress Payment: Discount 2% of selling price

PAYMENT SCHEDULE FOR PURCHASE CONTRACT

SchedulePayment
1st instalment: Deposit 50 million VND (~2300USD)
Within 07 days from the date of deposit 10% selling price (excluded VAT, included 2300$ deposited)
Expected May 2019 VAT of 10% above, and Sign the Purchase Contract
2nd installment: July 31, 2019 10% selling price (VAT included)
3rd installment: October 31, 2019 5% selling price (VAT included)
And 05% selling price (VAT excluded) on Deposit Agreement to ensure the implementation of Sales contract
The Developer pay interest at rate 12% for 5% apartment selling price (VAT excluded) in accordance with Deposit
Agreement to ensure the implementation of the sale contract from the date the Developer receives deposit amount until the Developer sends the notice of the Ownership of Apartment Certificate when customers do procedures for issuing Ownership of Apartment Certificate. Customers shall be pay personal income tax (PIT) for this interest income in accordance with Vietnamese tax law
4th instalment: November 30, 2019 15% selling price (VAT included)
5th instalment: February 10, 2020 15% selling price (VAT included)
6th instalment: May 10, 2020 15% selling price (VAT included)
7th instalment: Pursuant to Apartment Handover Notice: Expected in October 2020 25% selling price (VAT included) + 100% Maintenance fee + VAT of 5% selling price
8th installment: When receiving the Ownership of Apartment Certificate 05% selling price (VAT excluded) - Deduction from the Deposit Agreement to ensure the implementation of Purchase Contract.

METHODS OF PAYMENT

1. For Customers selecting Schedule Payment Method:

Customers purchasing apartment and selecting the method of Schedule Payment by own capital will receive a discount equal to 2% Apartment selling price (Excluded VAT and Maintenance fee) for the Purchase Contract.

Customers making premature payment by own capital will receive a discount equal to 8%/year on the amount and the days of premature payment (apply for fully progress of payment), unless otherwise agreed. (This discount amount is subject to change without prior notice). The discount amount will be offset directly to the next instalments. Customers shall pay personal income tax (PIT) for this interest income in accordance with regulation.

2. For Customers selecting Premature Payment by own capital within 15 days from the signing date of Purchase Contract:

Customers shall enjoy the deduction of 9% of apartment selling price (excluded VAT and Maintenance fee) when making premature payment within 15 days from the signing date of Purchase Contract but no later than May 30, 2019.

The annual interest rate is 12% for 5% of Apartment selling price (VAT excluded) – from the Deposit Agreement to ensure the implementation of Purchase Contract. This interest amount will be refunded to Customers at the time of Liquidation of Deposit Agreement to ensure the implementation of Purchase Contract. Customers shall pay personal income tax (PIT) for this interest income in accordance with regulations.

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