COMMERCIAL CONDITIONS  

Quinta da Achada

All infrastructures of “Quinta da Achada, phase 1” will be completed in September 2006 (we can, at the clients request, start building the clients Villa before finishing all infraestructuration).  The distance to the International Airport is 10Km ( about 15 minutes).  There is a medical hospital in town, less than 10 km away from the Resort and we will also build a high standard clinic facility in the Resort. 

We have 2 ways of selling property:  

A) Plot of land with all infrastructures (Villa designed and built by the client). Promotional price between 63,000 EURO (Plot E-1 1,090 m2) and 177,500 EURO (plot A-31 2,959 m2)

B) Plot of land with all infrastructures + villa (Turn key), with our own design and high quality of finishing and equipment (including kitchen equipment, but excluding general furniture), being allowed design changes from the client. Promotional price between 263,000 EURO and 577,500 EURO (final prices may differ depending on client options)

 Please find below a brief description of what is included in the prices of the plots:

  DESCRIPTION OF INFRASTRUCTURES

Quinta da Achada, designed in a Country Club concept by WATG (www.watg.com), reports to a very rigorous environmental study, and is part of the global master plan designed for the ZDTI of Praia (Integrated Tourism Development Area). The 160 plots, with dimensions ranging from 1.090 m2 up to 3000 m2, were designed in order that tranquillity, landscaping and services are preserved in all details.

  Encompasses the following basic infrastructures:

It also encompasses the following private and/or public equipment:

The landscaping project, comprises the following elements:

 About 20,000 tropical and/or local plants, arranged according to a complete landscaping project, including a complete automatic “drop-by-drop” irrigation system;     Complete landscaping treatment in all common areas, based on local materials (garden benches, litterbins, signalling, etc.);   Santiago Golf Resort, SA will ensure the maintenance and management of the Quinta da Achada condominium. The following permanent services will be duly justified and invoiced to the plot owners:  

In order to ensure high quality standards within the project, the regulation included in the plot purchase and sale contracts encompass all relevant aspects vis-à-vis with Quinta da Achada development and sociability.  The owners of  Quinta da Achada-1st phase, will automaticaly become founding members of the Santiago Country Club, thus Becoming members of the Golf Club (27 Holes), Tennis Club and Riding Club.  The members will also benefit from major discounts in the various activities integrated in the Santiago Country Club, as well as priority privilegies regarding bookings and up-grades preferences, amongst others. 

WITH REGARD TO THE INFRASTRUCTURES AND BASIC SERVICES

Santiago Golf Resort, SA is the body responsible for the functioning, maintenance and conservation of all infrastructures.   SGR, SA is also responsible for the functioning, maintenance and conservation of the basic condominium services.  The maintenance, replacement and functioning expenses of the infrastructures and basic urban services will be borne by all the proprietors of the property units (buildings and/or plots)