Payments Schedule

1. Reservation - Reservation - Make a deposit of 5% of the total unit cost which is completely recoverable by deduction from the final payment.
2. Signing - Signing - The Sales and Purchase Contract has to be signed within 30 days of the reservation. A 30% payment of the unit price is required upon the signing.
3. Installments -Installments - The balance will be divided into regular installments over the construction period of the project.
   

Funds transaction system to the Developer

Money Transfer:
There are three options available to transfer money.
1. Set up local bank account in Thailand in the name of purchaser and forward funds into the account.
2. Transfer funds to Oceanic Global View account, who shall then organize all appropriate paperwork and certification.
3. In the case whereby the property is purchased via a Thai company, transfers can be made directly to the company bank account. The developer can assist in setting up a Thai registered company for a minimum fee.

Payment Procedure

Foreigners are required to remit at least USD 20,000.00 into Thailand per transfer to receive a FOREX Transfer Form. This form will be needed to transfer the unit under foreign ownership and also remit money back out of Thailand if required in the future.
Note: Conversion to Thai Baht has to be done in Thailand and not before the transfer is made into the country. Furthermore, instructions on the transfer must state 'for the purchase of property'.

Additional Expenses

1. Transfer fee - Calculated as 6.3% of the sales price.
            50% paid by Oceanic Global View Co.,Ltd.
            50% paid by Purchaser upon transfer of title deed.
2. Sinking Fund - This payment is set to 1,300 THB/m2 (one-time payment only) and is payable before transfer of title deep.
3. Advanced Juristic Fees – Pay yearly in advance of 60 THB per square meter per month.
   
   Note:  The juristic fee or management/maintenance fee is used for general monthly maintenance of the building, common areas, insurance, pool maintenance, etc.

Utilities and Owners Fund

Each Owner will be responsible for the cost of any utilities to their own private property, i.e. electricity, water, telephone, etc. and will be invoiced monthly for the same.