LE MERIEN DA NANG RESORT & SPA PROJECT

Transcription

1 LE MERIEN DA NANG RESORT & SPA PROJECT

2 . Introduction of the investor: Full Name: INVESTMENT CORPORATION SAIGON - DA NANG Transactions in foreign names: SAIGON - DA NANG INVESTMENT CORPORATION Abbreviation: SDN Address: A Nguyen Van Cu Street, Hoa Hiep Bac ward, Lien Chieu District, Da Nang City.. Overview of the project: Investment project name Vietnamese name: TOURIST RESORT AND COASTAL LUXURY VILLA DA NANG English name: DA NANG LE RESORT & SPA MERIEN Investment Location: The project will be deployed in the eastern zone of coastal tourist route Son Tra - Dien Ngoc Khue My Ward, Ngu Hanh Son district, Da Nang city on the land with an area of hectares with boundaries as follows: - North: bordering the sea resort of Asian Pearl - South: land borders a public beach - East: East Sea - West: Bounded Son Tra - Dien Ngoc Total investment:,, Scheduled start time: // Type of investment: equity, loans from other sources mobilized legally prescribed law. Capacity: villas for sale and / or lease for the object is legally allowed, 9 luxury apartments for sale and / or lease for the object is permitted by law; Product: Construction business conference destinations, seminars, weddings; Rental of conference venue, conferences, weddings and events; Business hotel services, conference services, conferences, weddings and events; Business catering services, entertainment, sports and other services catering resorts and residences; Business services real estate management. Labor: the number of employees in the project will be over people Consumer market: with the advantages were analyzed and the statistical data on the situation of tourism in Da Nang, we can confirm that the travel market and will grow rapidly and promises more optimistic for any investor to Danang in the field of tourism and services. It can be said that the size and location of the project when implemented will bring operational and economic efficiency is very high society.. Location. Location of project implementation.. Building location geography The project is built on an area of ha area in the east, the coastal tourist route Son Tra - Dien Ngoc Khue My Ward, Ngu Hanh Son district, Da Nang city. The land with the adjoining side as follows: North: bordering resort Pearl of Asia. South: adjacent public beach. East: East Sea. West: borders on Son Tra - Dien Ngoc.. Area's status.. Natural conditions Based on the references and recorded pursuant to the geological survey works in the neighborhood, they said construction stratigraphic is a complex area, from the ground to a depth of about m with all structures is fine sand and dust is weak, load capacity inadequate. From m to m depth, which is composed mainly of clay, load capacity

3 uneven. From a depth of meters or less, composed mainly of coarse sand and grit, with good load capacity, bedrock at depths appear on m or less... Climate Conditions Like the city of Danang, the site of the project lies in the typical tropical monsoon climate, high and low temperature fluctuations are dominant with typical tropical climate in the south. Each year there are two seasons: the rainy season lasts from August to December and the dry season from January to July, there are occasional winter cold spell, but not bold and not last.... Temperature The annual average temperature:. C The average highest temperature: 9 C The lowest average temperature:. C Absolute maximum temperature:.9 C Absolute lowest temperature:. C Thermal vibration amplitude between day and month in a row in years between -doc... humidity (%) The average air humidity of % The highest air humidity average: 9% The lowest atmospheric humidity average: % Air humidity absolute lowest: %... Rain (mm) Average annual rainfall:.mm The largest annual rainfall (9):.mm Highest rainfall (9):.mm The largest daily rainfall: mm The annual average number of rainy days: days The month with the highest average of rainy days: days (in October each year).... Sunny The average number of hours of sunshine:, hours / year. The average number of hours of sunshine most: hours / month. The average number of hours of sunshine at least hours / month.... Evaporation of the water The average evaporation: mm / year Water evaporation is the biggest month: mm / year. Water evaporation is the lowest month: 9mm / year.... Cloud Overall average flow:. Average traffic infrastructure:.... Wind Prevailing wind direction summer (June -9): The east wind The average wind speed:. m / s; m / s Winter prevailing wind direction (thang-): Wind North, northwest wind. Highest wind speed: -m / s.... Storm Hurricanes usually appears in the May,, and usually 9- storm, accompanied by heavy rain and causing floods lut.khi prolonged storm wind speeds up to m / s. Recently it often has storms with winds up to level -.. Project Charter: Danang City is located in the middle of the country, traffic axis North - South. On the road, rail, sea and air, the capital Hanoi and km north of Ho Chi Minh City and 9 kilometers south. In addition to this central Danang visitors can tour the world's cultural heritage is the Citadel, Hoi An and My Son Holy Land endowed addition to pivot to a coast very beautiful city it is rated as one of cities with the most beautiful natural coastline in the world.

4 With its geographical location, traffic and favorable natural conditions, Da Nang has become a major tourist destination of the country and attracts many international visitors. Compared to the number of visitors to the Da Nang Vietnam accounts for about % and the number is growing rapidly. In particular, the number of passengers to the city through the cruise line is not also increased rapidly over the years. On the other hand, the policy development of the city in the coming years special attention and priority to the tourism sector and services, namely: - Strive to increase the share of tourism in GDP to.% in. - To build Da Nang become a tourist center, diversifying forms of tourism, resort, beach, ecotourism, tour, paying attention to both international tourism and domestic tourism, contributing expand international exchanges and cooperation and investment. - Plan for tourism development of Ba Na, Son Tra Peninsula and coastal tourism Han River. Da Nang tourism development linked to tourism overall Hue - Da Nang - Quang Nam - Highland, while Da Nang tourism development in national relations and Southeast Asia. Besides tourism real estate market in Danang is on the fast growing and promising a bright future. General design principle of the project is consistent with the coastal space, along with the location advantages within easy reach of the route Son Tra - Dien Ngoc. Furthermore, Le Meridien Danang Resort & Spa is designed according to the planning step, how the land boundary along the Son Tra - Dien Ngoc m, a land boundary along the west side - North, East - South of m and a side boundary area meters towards the sea, creating a spacious and airy. As designers take advantage of the ocean views of the landscape from the Non Nuoc, My Khe, Son Tra Peninsula, Cham Islands and the Truong Son mountain range in the west - north to Danang Luxury Resort has the building blocks to be put towards the maximum exploitation of the landscape vision to this. As planned, Le Meridien Danang Resort & Spa will be the friendly resort, located located along Non Nuoc tourist area. Coast was Forbes, America's leading magazine voted as one of the beautiful beaches and attractions on the planet in. It is considered an ideal location for tourists because tourism is a hyphen between the Five Mountain with three world cultural heritage is the ancient town of Hoi An, My Son Sanctuary and Hue.. In order to create a unique style for this high-end resort, Le Meridien Danang Resort & Spa is planned to occupy greenery covering ground area equivalent to 9% of the entire area, including garden green lawns, lake landscape, golden sand. Le Meridien Danang Resort & Spa is expected to be put into operation in late. With the above analysis, we believe that when the works are completed to the area will create a new architectural face of severe negative effects of modern while creating harmony for the surrounding landscape. Besides, ideally of the land will bring to businesses and visitors a modern work space and elegant period meaningful rest.. Triple constraints

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6 Project planning

7 . Work breakdown structure. The overall plan of the project:. IntroductionProject..The overall objective of the project short-term objectives: (i) Develop and operate a resort of international standard, including resort hotels star standard rooms and includes approximately items related utilities; (ii) Construction and sales of about villas for sale and / or lease to the subjects authorized by the law permits; (iii) Construction and sales of about 9 apartments for sale and / or lease for the object is permitted by law; (iv) Develop business conference area, workshops, weddings; (v) leasing conference venue, conferences, weddings, events, (vi) business hotel services, conference services, conferences, weddings and events; (vii) business catering services, entertainment, sports and other services catering tourist resorts and housing; (viii) business management services of real estate. long-term objectives: LE Meridien Danang Resort & Spa is expected to completed and put into operation in, contributing to meet the increasing demand of people on tourism and resorts in popular tourist cities of this Central. Le Meridien Danang Resort with Spa, the first in Vietnam will have + star standard hotel with special features will please visitors and will contribute important in attracting international tourists Vietnam. Additionally, the advent of the tourist areas and luxury resorts which meet the needs of tourism, the increasing resort of domestic and foreign tourists; contribute to improving the quality of life and local economic development. The introduction of the resort area and seaside villa star luxury suggesting Saigon Invest Group and Investment Joint Stock Company Saigon - Danang increasingly diversified investments in all sectors, especially the foresight to smokeless industry potentials in Vietnam today. In the future, this will be the sector's strategic investment SGI... The need to invest a. Macro reasons: Danang is located in the middle of the country, traffic axis North - South. On the road, rail, sea and air, the capital Hanoi and km north of Ho Chi Minh City and 9 kilometers south. In addition to this central Danang visitors can tour the world's cultural heritage is the Citadel,

8 Hoi An and My Son Holy Land endowed addition to pivot to a coast very beautiful city it is rated as one of cities with the most beautiful natural coastline in the world. with its geographical location, traffic and favorable natural conditions, Da Nang has become a major tourist destination of the country and attract more international tourists. Compared to the number of visitors to the Da Nang Vietnam accounts for about % and the number is growing rapidly. In particular, the number of passengers to the city through the cruise line is not also increased rapidly over the years. On the other hand, development policy of the city in the coming years special attention and priority to the tourism sector and dich services, in particular: - strive to increase the share of tourism in GDP to.% in. - Developing Danang into a tourist center, to diversify the types of tourism, resort, swimming, ecotourism, tour, paying attention to both international tourists and domestic tourists, contribute to expanding international exchanges and investment cooperation. - development planning to travel from Bana Son Tra peninsula and coastal tourism Han river. Da Nang tourism development linked to tourism overall Hue - Da Nang - Quang Nam - Highland, while Da Nang tourism development in national relations and Southeast Asia. Besides being the chapter the traditional festival is held annually is an occasion where tourists flock to Da Nang, especially the annual fireworks festival is the destination of most tourists to Vietnam in October. Besides the villages traditions are preserved and developed. also a lot of other festivals such as the Fish festival, festival of American Hoa village, An Hai village festival... the traditional village is also the strength of tourism Da Nang which is formed from a long hill and constantly preserved, maintained and developed. the village of non Nuoc stone carving has more than companies, business establishments with more than, employees. Revenue from annual stone carving craft nearly billion. Located right in the heart of Ngu Hanh Son, so long village of Non Nuoc stone carving has become a sightseeing and souvenir shopping attraction of tourists to Da Nang every time. Besides the numerous villages and danang festival is known for many beautiful landscapes that nature has bestowed favor, as well as the efforts of the people to build a tourist city which is equal to its potential: b. Micro reason: According to the research results of Savills VN - corporations offer great real estate services in VN, forecasts to, about projects will be developed apartments in Da Nang, providing marketing the, apartments. Only in QIII / 9, projects were launched to the market, about villas. In particular, the project Blooming Tower, Hyatt Regency Olalani and incomplete construction was vibrant. Many places were booked subscribed. This is most clearly demonstrated in 9, has projects were launched to sell around villas and apartments for $, to $. million, but was fast unexpected consumption. In it, % of the 9 apartments in the building Indochina Riverside, priced from, to.99 million were sold; Danang Plaza apartments under construction already sold %; villas at the Hyatt Regency Danang with prices from. to. million under construction but already sold %. Similarly, of the luxury villas at The Nam Hai (Quang Nam) was sold to the company, foreign investors and individuals in VN. C. The competitiveness of the project: Currently, in Danang, with over hotels and resorts stars or more, providing nearly, rooms. However, market resorts and hotels in Danang are diverse, many smaller hotels, but lacks provision luxury hotels (- stars). Demand also erratic, depending on peak season of tourists. Such as festival preparations International Fireworks Competition (-..), far hotels, resorts, inns even have been fully booked months in advance. In 9, the city attracted over million visitors. In the next years there will be about hotels, bringing the total number of rooms - star class hotel rooms to,. in which the supply of -star hotels and, rooms projects. Verdict Overall, the market for sale and real estate villa tourism is only a small segment, by launching products on the market are mostly for high-income

9 earners. However, the VN high income tend to want to own a second home as a place of rest and tourism. So, with these advantages were analyzed and the statistical data on the situation of travelers lich Da Nang, we can confirm that the travel market and will grow rapidly and promises more optimistic for any investor to Danang in the field of tourism, services breast. It can be said that the size and location of the project when implemented will bring operational and economic efficiency is very high society... The legal basis of the project: Technical Explanation of Project Economy judgment is made based on the following grounds: - the Enterprise Law No. / / QH passed by the National Assembly on 9//; - Investment Law No. 9/ / QH passed by the National Assembly on 9 / /; - Land Law / / QH passed by the National Assembly on //; - Tourism Law / / QH passed by the National Assembly on //; - business Law real estate / / QH passed by the National Assembly on 9//; - Housing Law / / QH passed by the National Assembly on 9//; - export Tax Law, imports / / QH passed by the National Assembly on..; - Decree No. / / ND-CP dated /9/ of the Government providing detailed guidelines for implementation of the Investment Law; - Decree No. / / ND-CP dated 9// of the Government to implement the Land Law; Decree No. / / ND-CP of the Government dated // additional regulations on granting land use right certificates, land acquisition, implementation of land use rights, order and procedures compensation, support and resettlement when the State recovers land and resolving land claims and; - Decree No. / / ND-CP dated // of the Government detailing the implementation of the enterprise income tax Law; - Decree No. 9/ / ND-CP of the Government dated // detailing the implementation of the Law on export and import tax; - Decree No. / / ND-CP dated // of the Government detailing the implementation of the Law on real Estate business; - other current regulations of the State... technology and machinery of the project: a. Machinery and equipment in order to ensure quality of service with international standards, ensure the competitiveness of the project with other similar projects have been and will be implemented in the future, the project focus on equipping the machines, new equipment and modern synchronous meet international requirements and matching services, serving utility. In addition to new equipment, the project will focus on the work and ensure warranty and maintenance in order to utilize and maintain the highest level of features used machinery and equipment. The project will also prioritize use of machinery and equipment manufactured or supplied in Vietnam market. The equipment does not manufacture or supply in Vietnam market, the project will proceed imported under the current provisions of the law of Vietnam on import and export. The following is a list of some equipment equipment and materials of the project will be purchased at the local market: constructionsteel construction materials (bricks, sand, stone, cement, wood, etc...) decorative stone, landscapedthe some ofconstruction machinery dedicated some interior decoration (lamps, furniture, floor mats, sanitary equipment, etc...) b. technologyapplied

10 iswith industry characteristics "are not smoke "and to work towards international standards, the project will be focused on technology specific characteristics include the following stages in order to maintain and enhance the advantages and strengths of the project compared with other competitors. In particular, the project will sign a contract with a management company with experience and international prestige to organize the management of the project in general and organized the training of project staff, thereby diversifying and continuously improve service quality in particular to become a resort of international standard, prestige in Vietnam and the region. in order to facilitate thoughtful customer service and create the impression of the individual tourism to international standards of services provided to customers. This will be manifested through the food, drinks, decorations, room service, etc..., which will create a new feel when exposed to a new land and a new culture for Foreign tourists. As for the tourists in the country, will create a modern feeling, coal rod and close to international standards. II. Budget and cost estimates for the project Total investment:,, Equity: 9,, Loans:,, with interest rate.% / year over years to pay Investment for each type of fixed assets:,9,, while depreciation is years Working capital: 9,9, Estimation for the project: Through the process of analysis and forecasting gave us the following result: Direct expenses:,, Indirect costs:,, Other expenses:,, Corporate income tax: % / year =.9 The cost of equity after tax:,, Table estimated cost: sheet Table estimated working capital: sheet Estimated revenue table: sheet

11 Financial analysis

12 N o. Interpretation value (US $) Nu m be r of ye ar KH Depreciation I. COST OF BUILDING, DESIGN, MANAGEMENT,,,,,,,,,,,, Hotels 9,, 99,9,9,9,9,9,9,9,9,9,9 Villa.....,, Apartment,9, 9,9,,9,,9,,9,,9, Other facilities.....,, II. EXPENDITURE EQUIPMENT COSTS,99,9,9,9 9,9,9 9,9,9 9,9,9 9,9,9 9 Hotels,9, 9,,,,,,,,

13 ,, Villa Apartment Utilities ,9, 9.9 II I. EXPENSES OPENING COSTS ,, V. TERM LOAN INTEREST IN CONSTRUCTIO N.....,, TOTAL,,,99,,99,,99,,99,,99, N o. Interpretation Total Net assets beginning of,,,,,,,, 9,,

14 period 9 Depreciation,99,,99,,99,,99,,99, Cumulative Depreciation,99,,99, 9,9,9,9, 9,9, New Investment,, Net assets end of period,,,, 9,,,, 9,,,, N o. Interpretation Values( USD) Ye ar sk H 9 9 I. THE COST OF CONSTRUCTIO N, DESIGN, MANAGEMENT,,,,,,,,,,,, Hotels 9,, 99,9,9,9,9,9,9,9,9,9,9 Villa.....,, Apartment,9, 9,9,,9,,9,,9,,9, Other facilities..,,

15 II. EXPENDITURE EQUIPMENT COSTS...,99,9 Hotels,9, 9 Villa 9. Apartment,9, Utilities 9.9 II I. OPENING EXPENSES,, V. TERM LOAN INTEREST IN CONSTRUCTIO N,, TOTAL,,,,,,,,,,,, N o. Interpretation Total 9 Net assets beginning of period,,,,,,,,,, Depreciation,,,,,,,,,, Cumulative Depreciation,,,, 9,, 9,,,, New Investment,, Net assets end of period,,,,,,,,,,

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17 Income statement Table N o. Interpretation Total annual revenue,9,,9,9 Total annual cost,9,,9,,9,,,,,,9, Depreciation,99,,99,,99,,99, Earnings before interest and taxes.9,,9,,,9,9 Interest,,,,9,9,9,9, Profit before tax -,, -,, -,9, -,, CIT Profit after tax -,, -,, -,9, -,, N o. Interpretation 9 9 Total annual revenue,,9,,,9,,,,, 9,,,,,, Total annual cost,9,,, 9,,,,,,,,,9,,, Depreciation,99,,,,,,,,,,, Earnings before interest and taxes -.,,,9,,,9,,,,9,,9,9,9 Interest,,,,,,9,9,,9,9,,,,,9,

18 Profit before tax -,,,99,,,,,,,,,,,,, CIT profit after tax -,,,99,,,,,,9,9,9,,,9,,

19 Table repayment schedule banks From to 9 Interpretati on 9 9 an outstanding head,,9,,,,,,,,,9,,9,,, Disburseme nts,,9,,,, Repayment s,,,,,,,,,,,, Interest,,,,9,9,9,9,,,,, end of period outstanding,,9,,,,,,,,,9,,9,,, 9,, DIễn giải Dư nợ đầu kì 9,,,,9,,,,,9,,,,,,,,,

20 Giải ngân Trả nợ gốc,,,,,,,,,,,,,,,,,, Lãi vay,,9,9,,9,9,,,,,9,, 9,9, Dư nợ cuối kì,,9,,,,,9,,,,,,,,, () Từ năm đến năm 9

21 Bảng ước lượng doanh thu BẢNG : BẢNG DOANH THU (đơn vị tính: usd) S tt Diễn giải 9 9 Doanh thu từ phòng khách sạn,,,9,,,,, 9,,,,,, Thu từ chuyển quyền sử dụng đất biệt thự,,,, Thu từ bán biệt thự (Không bao gồm chuyển,9,,9,,,,, quyền sử dụng đất) Thu từ chuyển quyền sử dụng đất căn hộ,,9, Thu từ bán căn hộ,,,,,99, Doanh thu từ căn hộ cho thuê, 9,,9,,,9,9, 9,,9,, Doanh thu từ cho thuê biệt thự 9,,9,,,,,,9,,,,, Doanh thu ăn uống,,,,,9,,9,,,,,,, 9 Doanh thu từ spa, thể thao và vui chơi giải trí,,,9 9,9,9 9, 9,9 Doanh thu khác

22 ,,,9 9,,,, TỔNG CỘNG,9,,9,9,9,,,,,9,,,9, S tt Diễn giải Doanh thu từ phòng khách sạn,,,99,,9,,9,,99,,,,, Thu từ chuyển quyền sử dụng đất biệt thự Thu từ bán biệt thự Thu từ chuyển quyền sử dụng đất căn hộ Thu từ bán căn hộ Doanh thu từ căn hộ cho thuê,9,,9,,,,9,,,9 9,,,, Doanh thu từ cho thuê biệt thự,,9,9,,,,9,,,,9,,, Doanh thu ăn uống,,99,,9,,,,9,, 9,,9,, 9 Doanh thu từ spa, thể thao và vui chơi giải trí 99,,,,9,,,,9,,,,, Doanh thu khác TỔNG CỘNG,99,9,,99,9,,

23 ,,,, 9,,,,,,,, 9,9, Bảng ước lượng vốn luân chuyển Stt Diễn giải Tổng cộng A CHI ĐẦU TƯ (TMDT),,,,9,9,,,,, Chi phí xây dựng,9,9,,.,,.,,9. Chi phí trang thiết bị nội thất và thiết bị khác,9,,,9.,9,.,,9. Chi phí thiết kế và quản lí dự án,,,,.,9.9,9.9 Chi phí trước khai trương Chi phí đất,,,.,. 9,.,,9,,9 Vốn lưu động,9,9 Chi phí dự phòng,,,,,,,, Lãi vay trong thời gian xây dựng,,,9.9,,.,,.

24 B NGUỒN VỐN,,,,9,9,,,,, Vốn góp của CDT 9,,,,9,9, Thu tiền từ bán biệt thự và căn hộ,,,,,, Vốn vay,,,,9,,,,

25 S tt Diễn giải Quan điểm tổng đầu tư Dòng ngân quỹ dự án theo quan điểm chủ đầu tư Ngân lưu vào ,9,,9,9,9,,, Doanh thu,9,,9,9,9,,, Thu hồi VLD Ngân lưu ra,,9,,,9,,,,9,,9,,,,9, Chi phí,9,,9,,,,9, Thuế TNDN Chi đầu tư ( trừ lãi vay trong TGXD),,9,,,9,,, Ngân lưu ròng tự do của dự án (,,9 ) (,, ) (,9, ) (,, ),,,, 9,,,, NPV,,

26 IRR.% Quan điểm chủ đầu tư Ngân lưu vào -,,9,,,,,9,,9,9,9,,, Doanh thu,9,,9,9,9,,, Thu hồi VLD Nhận nợ vay,,9,,,, Ngân lưu ra,,9,9,,,,,,,,,,,,9, Chi phí,9,,9,,,,9, Thuế TNDN Chi đầu tư (TMDT),,9,9,,,,, Trả nợ Nợ gốc,,,,,,,,

27 Lãi vay,,,, 9,9,9,9, Ngân lưu ròng của chủ sở hữu (,,9 ) (,9, ) (,, ) (,, ),9,99 9,9,,,9,9,9 NPV,, IRR.% Bảng ước lượng chi phí St t Chi phí Diễn giải I. CHI PHÍ PHÂN BỔ,,,9,,,,, 9,9, Chuyển quyền sử dụng đất USD 99, 9,, Giá vốn đất biệt thự,,,,, Giá vốn đất căn hộ,,9,9, Chi phí bán hàng và marketing Phí quản lý % doanh thu chuyển quyền sử dụng đất % doanh thu chuyển quyền sử dụng đất, 9,,,,,9 Bán biệt thự, căn hộ USD,9, 9 Giá vốn xây lắp biệt thự,,9,9, 9,,,,,,, Giá vốn xây lắp căn hộ,,,,,,,,

28 9 Chi phí bán hàng và marketing % doanh thu bán nhà,9,9 9, Phí quản lý % doanh thu bán nhà,9 9,, Khách sạn,9,,9,,,,,,, Chi phí vận hành % DTKS và tối thiểu USD/năm,,,,,,,,,, Thay thế sửa chữa %DTKS 9,, 9,, 9, Phí quản lý cơ bản %DTKS,,9,9,, Phí tham gia hệ thống marketing.%dtks,,9,,, Phí hệ thống đặt phòng toàn cầu.%dtks,,9,9,, Biệt thự cho thuê,, 9,99 9,9,, 9 Chi phí vận hành %DT cho thuê biệt thự,,,,9, Thay thế sửa chữa %DT cho thuê biệt thự,,,, 9, Thanh toán cho các chủ sở hữu căn hộ %DT cho thuê biệt thự, 9, 9,9,,99 Căn hộ cho thuê,,,9 9,9,,9 9 Chi phí vận hành %DT cho thuê căn hộ,, 9,,, Thay thế sửa chữa %DT cho thuê căn hộ,, 9,, 9, Thanh toán cho các chủ sở hữu căn hộ %DT cho thuê căn hộ,,,,9, Ăn uống %DT ăn uống 99,,,9,,,,,9,9 Spa, thể thao và vui chơi giải trí %Dt từ spa, thể thao và vui chơi giải trí,,,,,

29 Khác %DT khác 99,,,, 9 9,9 II. CHI PHÍ KHÁC,,, Chi phí khai trương trọn gói, Tiền thuê đất ổn định năm và tăng %/ năm,, TOTAL,9,,9,,,,9,,9, St t Chi phí Diễn giải 9 I. CHI PHÍ PHÂN BỔ,,,9, 9,,,,,, Chuyển quyền sử dụng đất USD Giá vốn đất biệt thự,, Giá vốn đất căn hộ, Chi phí bán hàng và marketing Phí quản lý Bán biệt thự, căn hộ (không bao gồm % doanh thu chuyển quyền sử dụng đất % doanh thu chuyển quyền sử dụng đất USD chuyển quyền sử dụng đất) Giá vốn xây lắp biệt thự,,9 Giá vốn xây lắp căn hộ,, Chi phí bán hàng và marketing Phí quản lý % doanh thu bán nhà % doanh thu bán nhà Khách sạn,9, 9,,,,,,9,,9

30 Chi phí vận hành % DTKS và tối thiểu USD/năm,9,9,,,,9,,,,9 Thay thế sửa chữa %DTKS,,,9,9 9, Phí quản lý cơ bản %DTKS,,, 9,, Phí tham gia hệ thống marketing.%dtks,,, 9,,9 Phí hệ thống đặt phòng toàn cầu.%dtks,,,,9,9 Biệt thự cho thuê,,,, 9,,,,9,,9 Chi phí vận hành %DT cho thuê biệt thự,,9, 9,,9, Thay thế sửa chữa %DT cho thuê biệt thự,,9, 9,,9 Thanh toán cho các chủ sở hữu căn hộ %DT cho thuê biệt thự,9,,,,,9,, Căn hộ cho thuê,,,,,,,9,,, Chi phí vận hành %DT cho thuê căn hộ,,,9 9,, Thay thế sửa chữa %DT cho thuê căn hộ,9,, 9,, Thanh toán cho các chủ sở hữu căn hộ %DT cho thuê căn hộ, 9,, 9,,, Ăn uống %DT ăn uống,,,,,,,,,,9 Spa, thể thao và vui chơi giải trí %Dt từ spa, thể thao và vui chơi giải trí,9,,9,, Khác %DT khác,,,,, II. CHI PHÍ KHÁC,9,9,9,9,9 Chi phí khai trương trọn gói Tiền thuê đất ổn định năm và tăng %/ năm,9,9,9,9,9 TOTAL,,,,,,,,,,

31 9 St t Chi phí Diễn giải I. CHI PHÍ PHÂN BỔ,, 9,, 9,, 9,99, 9,9,9 Chuyển quyền sử dụng đất USD Giá vốn đất biệt thự,, Giá vốn đất căn hộ, Chi phí bán hàng và marketing Phí quản lý Bán biệt thự, căn hộ (không bao gồm % doanh thu chuyển quyền sử dụng đất % doanh thu chuyển quyền sử dụng đất USD chuyển quyền sử dụng đất) Giá vốn xây lắp biệt thự,,9 Giá vốn xây lắp căn hộ,, Chi phí bán hàng và marketing Phí quản lý % doanh thu bán nhà % doanh thu bán nhà Khách sạn,,,,,, 9,, 9,, Chi phí vận hành % DTKS và tối thiểu USD/năm,,,,,,,,,, Thay thế sửa chữa %DTKS, 9, 9,,,9 Phí quản lý cơ bản %DTKS, 9,, 9,,9 Phí tham gia hệ thống marketing.%dtks,,9,9,, Phí hệ thống đặt phòng toàn cầu.%dtks,,9, 9,,9

32 Biệt thự cho thuê,9,,, 9,9,,,,, 9 Chi phí vận hành %DT cho thuê biệt thự,,,9,9,,,,,, Thay thế sửa chữa %DT cho thuê biệt thự,9,9,,, Thanh toán cho các chủ sở hữu căn hộ %DT cho thuê biệt thự,,,,,,,,,,9 Căn hộ cho thuê,,,,,,,,,9, Chi phí vận hành %DT cho thuê căn hộ 9, 9,,,,,,,9 Thay thế sửa chữa %DT cho thuê căn hộ, 9,,,, Thanh toán cho các chủ sở hữu căn hộ %DT cho thuê căn hộ,,,,,,,,,, Ăn uống %DT ăn uống,,,9,9,9,9,9,,, 9 Spa, thể thao và vui chơi giải trí %Dt từ spa, thể thao và vui chơi giải trí 9,,,,, Khác %DT khác, 9,9 9,9 9,, II. CHI PHÍ KHÁC,,,,, Chi phí khai trương trọn gói Tiền thuê đất ổn định năm và tăng %/ năm,,,,, TOTAL,9,,, 9,,9 9,,,9, St t Chi phí Diễn giải 9 I. CHI PHÍ PHÂN BỔ,9,,,,,,,,, Chuyển quyền sử dụng đất USD

33 Giá vốn đất biệt thự,, Giá vốn đất căn hộ, Chi phí bán hàng và marketing Phí quản lý Bán biệt thự, căn hộ (không bao gồm % doanh thu chuyển quyền sử dụng đất % doanh thu chuyển quyền sử dụng đất USD chuyển quyền sử dụng đất) Giá vốn xây lắp biệt thự,,9 Giá vốn xây lắp căn hộ,, Chi phí bán hàng và marketing Phí quản lý % doanh thu bán nhà % doanh thu bán nhà Khách sạn 9,99,9,,,,,,,, Chi phí vận hành % DTKS và tối thiểu USD/năm,,,,9 9,, 9,, 9,9,9 Thay thế sửa chữa %DTKS 9, 9,,,9,,,9, Phí quản lý cơ bản %DTKS,,,,, Phí tham gia hệ thống marketing.%dtks,,,,, Phí hệ thống đặt phòng toàn cầu.%dtks,,,,, Biệt thự cho thuê,9,9,,9,9,,9,9,, Chi phí vận hành %DT cho thuê biệt thự,, 9,,9,,,9,,,9 Thay thế sửa chữa %DT cho thuê biệt thự,,99,,9, Thanh toán cho các chủ sở hữu %DT cho thuê biệt thự,9,9,,9,9,,99,9,9,

34 căn hộ Căn hộ cho thuê,,,9,9,,9,,,, Chi phí vận hành %DT cho thuê căn hộ,,9,,9,9,9,,9,, Thay thế sửa chữa %DT cho thuê căn hộ,9, 9,,9, Thanh toán cho các chủ sở hữu căn hộ %DT cho thuê căn hộ,,,,9,,,,,, Ăn uống %DT ăn uống,,,9,,,,,9,, Spa, thể thao và vui chơi giải trí %Dt từ spa, thể thao và vui chơi giải trí,9,,9,, Khác %DT khác, 9,,,9, II. CHI PHÍ KHÁC,9,9,9,9,9 Chi phí khai trương trọn gói Tiền thuê đất ổn định năm và tăng %/ năm,9,9,9,9,9 TOTAL,,,,,,9 9,,,9, St t Chi phí Diễn giải I. CHI PHÍ PHÂN BỔ,9, 9 9,,9 9,99,,,,,9 Chuyển quyền sử dụng đất USD Giá vốn đất biệt thự,, Giá vốn đất căn hộ, Chi phí bán hàng và marketing Phí quản lý % doanh thu chuyển quyền sử dụng đất % doanh thu chuyển quyền sử

35 dụng đất Bán biệt thự, căn hộ (không bao gồm USD chuyển quyền sử dụng đất) Giá vốn xây lắp biệt thự,,9 Giá vốn xây lắp căn hộ,, Chi phí bán hàng và marketing Phí quản lý % doanh thu bán nhà % doanh thu bán nhà Khách sạn,,,,,,,,,, Chi phí vận hành % DTKS và tối thiểu USD/năm,,,,,,,,,, Thay thế sửa chữa %DTKS,,9,, 9,,,,,,9 Phí quản lý cơ bản %DTKS 9,,,, 9, Phí tham gia hệ thống marketing.%dtks,9,,,, Phí hệ thống đặt phòng toàn cầu.%dtks 9,,,,,9 Biệt thự cho thuê,9,,9,,, 9,,9,, Chi phí vận hành %DT cho thuê biệt thự,9, 9,9,,,,,,,9 Thay thế sửa chữa %DT cho thuê biệt thự,,,,, Thanh toán cho các chủ sở hữu căn hộ %DT cho thuê biệt thự,9,,,9,,9,,99,,9 Căn hộ cho thuê,,,,,99,,,,, Chi phí vận hành %DT cho thuê căn hộ,,,,,,,,,,

36 Thay thế sửa chữa %DT cho thuê căn hộ,,,,, Thanh toán cho các chủ sở hữu căn hộ %DT cho thuê căn hộ,,,9,,99,,,,9, Ăn uống %DT ăn uống,, 9,,,,9,9,,, 9 Spa, thể thao và vui chơi giải trí %Dt từ spa, thể thao và vui chơi giải trí 9,9,,9,99 9, Khác %DT khác,,,9 9,,9 II. CHI PHÍ KHÁC,,,,, Chi phí khai trương trọn gói Tiền thuê đất ổn định năm và tăng %/ năm,,,,, TOTAL,9, 9,,,,,,,,9 Hết

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