PT. DREAM ESTATE. : Abdul Syukur (Bruno) : JL. Wisata Alam : Krandangan Lombok Indonesia

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1 PT. DREAM ESTATE Director Address : Abdul Syukur (Bruno) : JL. Wisata Alam : Krandangan Lombok Indonesia Phone : +62 (0) Bank account : Abdul Syukur Fax : +62 (0) Bank account number : pt.dreamestate@gmail.com BIC/SWIFT code : BNINIDJAMTA Contractor building Budi Akbar Architect Supriyatman, ST Dusun Lendang Guar Desa Malaka Desa Montong Gamang Kec Pemenang Lombok Barat Kec Kopang Lombok Tengah Phone Phone

2 Preface Krandangan, November 2008 The intention of this covenant is to give you as much information as possible and will be signed accordingly after your decision to deal with PT.DREAM ESTATE. PT.DREAMESTATE has earmarked building plots for sale and lease in the vicinity of Krandangan. You can already buy a 10 are plot starting from *. Moreover, you are free to choose your own architect to make your dream a reality. Attached you will find our information about the ability to purchase, lease and villa rental. Are you interested to buy one of the plots of the DREAM ESTATE park, or to see the first villa to being built, please contact our director, phone number: +62 (0) or send an to gmail.com. PT. DREAM ESTATE Director: Abdul Syukur (Bruno) +62 (0) Version Januari 2009 DREAM ESTATE covenant *All prices are subject to change Page 2

3 Contents 1. DREAM ESTATE park Building plot Construction clauses Separate metering Planting and plot separation Connection costs Parking spaces Maintenance Renting Additional annual costs Notary Constructor and architect About PT.DREAM ESTATE... 9 Attachments: Map DREAM ESTATE park Plot Prices For sale at DREAM ESTATE park Sale and lease conditions Rental opportunities. Important address data DREAM ESTATE covenant *All prices are subject to change Page 3

4 1. DREAM ESTATE park DREAM ESTATE park is located before Secret Garden in the vicinity of Krandangan. The approximately 100-are park offers excellent facilities in harmony with a retirement that nature in and outside the park is characterized with a view over the surrounding hills. In the safe environment of Krandangan you will find a mix of expatriates, Hindu and Muslims. Already many expats have found here in the neighborhood their hideaway. Where is DREAM ESTATE park? Only 5 minutes away from the center of Senggigi and about 25 minutes of the Selaparang Airport and 30 minutes from the capital city Mataram. The roads are good passable by car and motorbike. DREAM ESTATE covenant *All prices are subject to change Page 4

5 2. Building plot PT.DREAM ESTATE currently has a number of building plots available for sale or lease. There is also currently a villa with pool being built at one of the plots (light yellow indicated on the drawing), and is for sale also. We will coordinate with the building plans, so they will be in good harmony with the environment. Note: If you have a plot allegedly in possession and you start building, then according to the Indonesian legislation a signed agreement with your nearest neighbors is needed. Your plot is a solid investment for the future. See also annex: For sale at DREAM ESTATE park See annex land prices. DREAM ESTATE covenant *All prices are subject to change Page 5

6 3. Construction clauses Fencing of your plot should not exceed 1.80 meters height. Use of natural materials wherever possible for the fence is preferable. Building should match the park environment. The purchased or leased plots may not be redistributed. 60% of the land may be cultivated. One floor-building is permitted. During the construction of your villa is considered that the construction work gives as little inconvenience as possible. Advertising signs are not allowed, except if necessary and with minimal execution. Everything in consultation with the PT.DREAM ESTATE management. 4. Separate metering You can arrange your own electricity and water from a utility company. PT.DREAM ESTATE offers you the possibility of delivery electricity and water. Therefore you get a separate metering on a central infrastructure installed. Advantage of delivery PT.DREAM ESTATE : Payment will be charged by PT.DREAM ESTATE once a year or by term agreement. Central waterbuffer and facilities Central Genset. No need to arrange delivery at the public utility companies. The rates for 2009 were set at: Water per m3 : Cost 0,30* Electricity per Kwh : Cost 0,20* 5. Planting and plot separation Fencing of your plot should not exceed 1.80 meters height. Use of natural materials wherever possible for the fence is preferable. 6. Connection costs If PT.DREAM ESTATE provides you the water- and electricity-connection then the connection cost is charged once. Connection costs E/W : 1.100,00* 7. Parking spaces It is not allowed to park on the road from the park, but it is allowed to park on your own plot. DREAM ESTATE covenant *All prices are subject to change Page 6

7 8. Maintenance The general maintenance of the park is carried out by PT.DREAM ESTATE. The maintenance includes lightning, the cleaning of the road, the cleaning of the gutter and the planting on the road side. There is also a permanent general security. Maintenance costs park : 300,00* 9. Renting If you wish your villa to be rented PT.DREAM ESTATE can arrange that for you. PT.DREAM ESTATE takes care of the key handling, the administration, general security, cleaning and inspection of your home. See annex rental options. 10. Additional annual costs These costs vary depending on how you have made your choice for the delivery by utility-companies or by PT.DREAM ESTATE Park Fees Costs* Under condition Costs park 300,00 Everyone obliged Garbage removal 40,00 Everyone obliged Drainage rain water 5,00 Everyone obliged Wireless internet??? On request Property tax government (SPPT)??? Public or by pt.dream estate Naming and lease 121,00 pt.dream estate PT.DREAM ESTATE Prepaid in advance E/W** 432,00 pt.dream estate All figures are 10% tax exclusive. ** Prepaid amount electricity and water will be deducted from yearly total end cost. DREAM ESTATE covenant *All prices are subject to change Page 7

8 11. Notary PT.DREAM ESTATE prefers notary: Kantor Notaris - PPAT Jenny Rosini, SH JL. Raya Senggigi Km -04 Senggigi Desa Batu Layar Kabupaten Lombok Barat Phone : +62 (0) HP : +62 (0) Fax : +62 (0) You can ask all your questions and prepare all official contracts. The notary is English speaking. 12. Constructor and architect Highly recommended constructor and architect are: Contractor building Budi Akbar Architect Supriyatman, ST Dusun Lendang Guar Desa Malaka Desa Montong Gamang Kec Pemenang Lombok Barat Kec Kopang Lombok Tengah Phone : Phone: DREAM ESTATE covenant *All prices are subject to change Page 8

9 13. About PT.DREAM ESTATE We'd like to introduce Nellie van den Dolder and William Pierik. During visiting Lombok they liked the island very much. The pristine beauty of nature and friendly people and layback style of life gave them the idea to start something on Lombok. After an extensively search for houses, land and business opportunities, they have opted to be shareholders of a real estate company, PT. DREAM ESTATE. PT. DREAM ESTATE is managed by director Abdul Syukur (Bruno). DREAM ESTATE covenant *All prices are subject to change Page 9

10 Map DREAM ESTATE park DREAM ESTATE annex *All prices are subject to change

11 Plot prices The following free plots are for sale or lease. The sales price is fixed at per are. Plot A dimensions in meters W26*L39 = are price = Plot B dimensions in meters W26*L40 = are price = Plot C dimensions in meters W26*L41 = are price = Plot D dimensions in meters W27*L48 = are price = Plot E dimensions in meters W34*L42 = are price = The plot dimensions can differ and will be checked and verified. The lease price is 420 per are per year for the first 3 years. If you want to lease from PT.DREAM ESTATE the following charges will apply. Notary cost of preparing a full right of use contract Cost 1% from sale price If you choose for leasehold from PT.DREAM ESTATE (which is cheaper and more convenient) the following charges will apply. Annual fee for the naming and lease PT.DREAM ESTATE Cost 121,-- Notary cost of preparing a full right of use contract Cost 1% from sale price The following expenses involved if buyer wants to obtain the land on the basis of so-called free hold certificate. (Hak Milik certificat) Notary 1.5% of the total sale price Taxes 5% of the sales price. Conversion of license status to HGB Hak Milik. Procedure takes about half a year. Indonesian sponsor needed See also Annex Sale and lease conditions. DREAM ESTATE annex *All prices are subject to change

12 For sale at DREAM ESTATE park On one of our larger plots is currently being built by PT.DREAM ESTATE a villa with a swimming pool and a villa ground area of 210 square meters. The villa has two spacious bedrooms, each with their own bathrooms. A floor with a walkway to the terrace at the front. Detail changes in the draft are still possible. The villa is central to the plot placed, with fence built with partial natural materials. The plot rain water drainage is covered. There is a cottage for the security service and other workers as well. Possibility to connect to the central infrastructure of PT.DREAM ESTATE. The price of this magnificent object is EUR 159,000 DREAM ESTATE annex *All prices are subject to change

13 Sale and lease conditions PT. DREAM ESTATE offers the possibility to buy or lease a plot. The accompanying covenant describes the possibilities, various costs and obligations. The plots are for sale, leasehold and lease, for everyone and are provided with water and electricity if wished for. The plots are now registered (HGB certificat) on PT. DREAM ESTATE and can by wish of the buyer converted to a Free Hold certificate (Hak Milik certificat). The procedure of implementing the registration takes approximately half a year to complete. The costs will be at the purchasing party. Purchaser is obligated to make a deposit of 50% from the sale amount, when registration is complete the other 50% will be paid, this will be signed at the notary. The sale price determined is per are at a minimum of 10 are. Notary en buyer tax excluded According the law of Indonesia, a foreigner cannot own land in the strict sense of property ownership. However, there are opportunities for land use with the entire rights and duties equivalent to possession by an Indonesian owner. The contracts will be drawn up by the notary. By example: 1. The possession of the land is allocated to a so called Indonesian sponsor. The sponsor then gives you full right to use the whole of the plot to you the foreign buyer. The plot status must be converted from HGB to Hak Milik. 2. The leaser prefers leasehold and the plot remains PT. DREAM ESTATE owned. A contract will be made by notary that gives the purchaser full right of use. Continuity of PT. DREAM ESTATE is guaranteed by heirs. Annual property tax will be paid by PT. DREAM ESTATE and be charged to the plot owner. A small naming and lease cost will be charged every year. PT. DREAM ESTATE offers the possibility of leasing land to the following conditions: Leasehold or lease option Leasehold option Leases are possible only from 10 are or more The plot lease period is unlimited. Leasehold-price is paid once. Amount of the leasehold price is the same as the buyer price. A small naming and lease cost will be charged every year Lease option Leases are possible only from 10 are or more. The plot lease period is unlimited. Lease-price per year over a period of 3 years will be determined on the basis of governments the price-index/inflation figure. The new sale price of the plot will be determined as well. Lease period starts after signing the contract lease and will be in proportion in the starting year calculated. Lease price per are per year is 420 over a period of 3 years from the date of sale. You have the possibility buying the plot for the selling price of per acre within 3 years. The already paid lease amount will NOT be deducted from the sale price. Leaser can transfer the lease to a new leaser. PT. DREAM ESTATE will charge the new leaser the transfer costs. Important: If the leaser has not paid his annual lease before January 31 of the new year, therefore PT. DREAM ESTATE has the right to reclaim the property with all what is build on it and to dissolve the lease contract. PT. DREAM ESTATE annex *All prices are subject to change

14 Rental oppertunities DREAM ESTATE annex *All prices are subject to change

15 Important address data Emergency Senggigi Tourism Police: o Jl. Ray Senggigi o (0370) Lombok regional Police: o Jl. Gajah Mada No. 7 Ampenan o emergency number 110 Fire brigade: o (0370) o emergency number 113 Hospital: o Jl. Pejanggik No.6 Mataram o (0370) Ambulance: o (0370) o emergency number 118 Medical Service Doctor Senggigi Beach Hotel Clinic 9am 5pm o Monday - Saturday 24 hour emergency (0370) ext 1730 for appointment. Who Street Mataram (0370) of (0370) Dentist Who Street Mataram / Senggigi DREAM ESTATE annex *All prices are subject to change