Cambodia-The Bay
-
Upload
sotheara-chhoeung -
Category
Documents
-
view
95 -
download
4
Transcript of Cambodia-The Bay
Presentation Deck Condensed for Collective Agency Internal Briefings
Private & Confidential. Not for Distribution
& Partners
Hotel Group – TBA Bank - TBA
TEHO International ”Integrity in Business Towards All”
TEHO Group – Multi-faceted Solutions Provider for the Marine, Offshore O&G, Construction and Property Industries
TEHO Group has grown from a small local business in 1986 to become an international multi-faceted solutions provider.
We were listed on the Singapore Exchange Securities Trading Limited, SGX-ST in June 2009, under our holding company TEHO International Inc Ltd. TEHO Group of Companies includes TEHO Ropes & Supplies Pte Ltd, TEHO Offshore Pte Ltd, TEHO Engineering Pte Ltd, TEHO Water & Envirotec Pte Ltd, TEHO EuROPE B.V., TEHO International (USA), LLC, TEHO (Shanghai) Co., Ltd, TEHO Development Pte Ltd and TIEC Holdings Pte Ltd. We are assiduously and vigilantly looking for opportunities to expand geographically, as well as horizontally in our products and services. We are confident of continuous growth in market share and global presence amidst the challenges in the market and economic environment.
Private & Confidential. Not for Distribution
TEHO Development Growth through Development
Private & Confidential. Not for Distribution
TEHO Development is a wholly owned subsidiary of SGX-listed company, TEHO
International Inc. Incepted in 2014 after the acquisition of ECG’s construction arm,
TIEC Holdings Pte Ltd, the company’s core business includes property-related
investments, holding of investments in property-related assets, as well as trading and
development of property for sale.
Founding partners, the late Mr. Ong Teng Cheong (Former President of Singapore) and Mrs. Ong Siew May, established Ong & Ong Architects in 1972.
Since its humble beginnings, the firms' staff strength has grown to almost 900 over the past four decades.
Going from strength to strength under robust and exceptional leadership, the organisation was incorporated in 1992.
The Group now has a Strong Foot hold within 11 Countries and Phnom Penh is the Next Target
ONG&ONG “360 Degree Solutions”
Private & Confidential. Not for Distribution
Boulevard Vue, Singapore National Heart Centre, Singapore
Empire Damasara, KL Malaysia
Setia Eco Glades, Malaysia
Rivergate Residence, Vietnam
Xi An Mixed-use Development, China
Greenland Centre, Chengdu China
Satoria Tower, Surabaya Indonesia
ONG&ONG Multiple Award Winning Track record of A Extremely Reputable Partner
2014 Awards & Accolades
• Asia Pacific Property Award, Best Retail Architecture Singapore – Audi Centre Singapore
• Asia Pacific Property Award, Highly Commended – JKC2
• BCA Design and Engineering Safety Excellence Award - Telok Ayer MRT Station
• BCA Green Mark Award, Gold – OCBC Thomson Road
• BCA Green Mark Award, Gold – OCBC Thomson Road
• BCA Green Mark Award, Gold – CapitaMall Wusheng and Somerset Wu...
• BCA Green Mark Award, Gold – Compassvale Ancilla...
• BCA Green Mark Award, Gold Plus – Indian Heritage Centre
• BCI Asia Awards - Singapore Top 10
• SG Mark Award – SaladStop!
• SG Mark Award – FRANK by OCBC (experience design)
• SG Mark Award, Platinum – SilverKris Lounge, Sydney | ID
• Singapore Design Award, Asia's Top Design Firms
Private & Confidential. Not for Distribution
A Collaboration of Form & Function Multiple Award Winning Partnerships
Private & Confidential. Not for Distribution
AWARD WINNER – THE BAY PHNOM PENH: CHROY CHANG VAR PENINSULA
Private & Confidential. Not for Distribution
“Land prices around Chroy
Changvar increased by 20-30%
between 2012 & 2013.”
“More transactions, upcoming
projects and infrastructures would boost this double-digit
growth.”
The Phnom Penh Post, Property Post section, May 2013
Articles Prices
Developmental Hotspot Upcoming Projects
Private & Confidential. Not for Distribution
Sokha Hotel The Bay
City of the Future
Kitahara Hospital
Norton American University
Happiness City Sokha Riverside
Entertainment Street Proposed Bridge 2
Proposed Bridge 1
Developmental Hotspot Overseas Cambodia Investment Corporation (OCIC) Investment
City of the Future
Private & Confidential. Not for Distribution
Phase 4: 2021 to 2023 : Green Inclusivity & Living areas
Phase 3: 2019 to 2021: Exclusive Living & Working
zones
Phase 2: 2017 to 2019 : Prominent Business Zone &
Tourist Destination
OCIC Planned Master Plan Development of Chroy Changvar (2015 – 2025)
Phase 1: 2015 to 2017 : Vibrant Commercial Hub
BAY SUITES PROCESS FLOWS (FINANCE, LEGAL, MARKETING) - ROI - SPA - GRR
Private & Confidential. Not for Distribution
SALES & PURCHASE AGREEMENT (SPA) 1/2 For Agency Partners
• 10% of Purchase Price upon signing of SPA (less USD1000) • 10% to be collected on 1 August 2015 • 10% to be collected on 1 February 2016 • 10% to be collected on 1 August 2016 • 10% to be collected on 1 February 2017 • Balance 50% within 14 days of Notice to Take Vacant Possession given to Purchaser
• Includes mechanism for paying initial Sinking Fund and Service Charges prior to handover
• Thereafter, SF and SC paid in accordance with Internal Regulations
• Transfer tax of 4% must also be paid before vacant possession can be handed over to Purchaser
• Defect liability: 1 year for non-structural, 3 years for structural (from date of Construction Site Closing Permit)
• Developer will apply for the Certificate of Ownership of Private Unit after receiving the Construction Site Closing Permit and from the Purchaser: o Full purchase price, and o Transfer tax
• If Purchaser wishes to sub-sell the unit, an administration fee of USD1000 will be payable to the Developer
Private & Confidential, Not for Distribution
SALES & PURCHASE AGREEMENT (SPA) 2/2 For Agency Partners
• General Terms and Conditions to note:
o Purchasers are not allowed to make any alterations or additions to their units prior to obtaining Certificate of Ownership of Private Unit o Penalty of 1% per month (daily rest) on all unpaid amounts after they fall due o Developer has Grace Period to serve Notice to Take Vacant Possession to the Purchaser of 1 year from the Estimated Handover Date o Failing which, USD20 per day LD will be imposed on the Developer for a maximum of 1 year. o Expiry of 1 year after Grace Period, Purchaser has right to return the unit to the Developer by serving a 14 day notice to that effect. o Purchaser can serve a notice on Developer within 15 days of issuance of Certificate of Ownership of Private Unit if the actual built in area is less than stated in the Certificate o Developer will compensate the Purchaser within 3 months of the date of notice o Dispute resolution will be by arbitration under SIAC Rules, place of arbitration in Singapore.
Private & Confidential, Not for Distribution
GUARANTEE RENTAL RETURN (GRR) For Agency Partners
• Signing GRR form gives the Developer a master lease with which to sub-lease to third party tenants • Split into 3 terms: o Term 1: 3 years from Commencement Date (defined as date of delivery of vacant possession + 3 months) o Term 2: 3 years from expiry of Term 1 (renewable at the option of the Developer) o Term 3: 3 years from expiry of Term 2 (renewable at the option of the Developer)
• (Term 1: GRR 6% p.a) + (Term 2: GRR 7% p.a.) + (Term 3: GRR 7% p.a.)
• Purchaser has a right not to renew GRR terms after expiry • Deductions from GRR prior to payout: o Taxes (including property tax, withholding tax or VAT) o Sinking Fund (SF) and Service Charge (SC) o Any amounts payable to government agencies or under the SPA o Outstanding amounts due to Developer o Bank transfer charges if any • Net GRR is paid at the end of each set quarter (Jan-Mar, Apr-Jun, etc) and pro-rated according to start dates.
Private & Confidential, Not for Distribution
Private & Confidential. Not for Distribution
Process Flow Collection
COMPLETION • 50%
Preview Stage • Preview
Launch • ROI Starts • Collection of
USD$1,000 to
ECG (Cambodia) Co., Ltd
VVIP May 2015 – Main Launch • Signing of SPA
for purchaser • USD(10% -
1,000)
AUG 2015 • 10%
AUG 2016 • 10%
FEB 2016 • 10%
Feb 2017 • 10%
Private & Confidential. Not for Distribution
Construction Timeline Bay Suites
Q3 2015 1st Piling
2019 Handover
“TOP” or “Local
Occupancy Permits”
12 Months
Q3 2020 Completion
“DLP”
12 Months MCST
2016 - 2018
Construction Phase
2016
Sub-Structure &
Super-Structure
36 Months
2018
Trade works &
completion
2017
Super –Structure
& Trade Work
Phase