Haven at Castle Hill
Congratulations on registering your interest in our exciting new development, "The Haven at Castle Hill"!
We’re thrilled to have you onboard as we begin shaping this unique community. To help us keep you updated and tailor our plans, please share your details by replying to this email or completing the attached form.
We are pleased to offer you two attractive opportunities:
Option One: Premium Purchase
We agree to purchase your property at a premium price above the current market value. This ensures a hassle-free transaction with an attractive financial benefit to you.
Option Two: Partnership Development Opportunity
Participate directly in our exciting community development project. Under this option:
You receive a premium, newly constructed Townhouse.
You benefit further through profit-sharing and additional capital payments.
Your total financial gain through this option will exceed the returns provided by Option One.
We invite you to consider these exceptional opportunities to maximise the value of your property.
Frequently Asked Questions:
Do I need to shift out straight away?
We provide flexible settlement terms tailored to your needs. Typically, you will shift out by the settlement date, but arrangements can be adjusted according to your convenience and the agreed timeline.
When will the townhouse be ready if I choose Option Two?
Construction timelines vary, but typically completion occurs within 12-18 months.
Will rent coverage be provided during the development period?
Yes, if you select Option Two a nominal rent coverage will be provided for a period of up to 12 months.
Can I continue with my existing mortgage arrangement?
Yes, we can work with your existing financier to arrange portability of the loan to your new property.
Can I apply a reverse mortgage on my property?
Yes, a reverse mortgage option may be available, subject to your bank’s terms and conditions. We can assist with portability to your new Townhouse.
Do I need to notify my bank about this arrangement?
Yes, you will need to inform your bank if there is an existing mortgage on your property.
How long does the entire process usually take?
The overall process typically takes between 12 to 24 months, from initial agreement to settlement of the Townhouse.
What if there are delays in construction?
We aim to manage the project timelines carefully; however, in case of delays, regular updates will be provided.
Do I continue to own the land until settlement?
Yes, ownership of the land remains with you, and we will construct your new Townhouse on the property you already own.
How is profit from the development calculated?
Profits are calculated based on the proportionate share determined by the size of your land (square meter basis) and supported by an independent valuation. Profit will also include in part a Townhouse worth $1.3-$1.5 million. We guarantee that you will receive more than if you had selected Option One.
Does the supply of the townhouse incur stamp duty?
No, the supply of the townhouse under this option will not incur stamp duty as we will construct the new house on land you already own.
What are the risks of not participating in the development?
Holding out from the project could result in missing potential financial gains, experiencing market fluctuations that negatively affect your property's value, facing extended periods without profitable opportunities or becoming an ‘island’ in the middle of surrounding developments.
What are the benefits of participating?
By participating, you receive a premium townhouse, profit-sharing opportunities, capital payments, enhanced property value, and potentially greater financial returns compared to an immediate sale and avoid any agent fees for the sale of your property.