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I. Villas and Town Houses
- Option 1
100 % payment upon signing a contract entitles to a 6% discount and 50% payment to a 2% discount.
- Option 2 – Out of pocket payment
Depending on the progress of the construction, five payments are scheduled to be expected over a period of 20 months (which is the delivery period) as described below:
- Advance payment 20% - on signing the Contract
- First payment 30% in about 7 months after advance payment
- Second payment 20% in about 4 months after 1st payment
- Third payment 20% in about 7 months after 2nd payment
- Fourth payment 10% in about 2 months after 3rd payment
- Option 3 – Bank loan arrangement
A bank loan can be facilitated for 1,500,000.00 Ethiopian Birr or 50% of the total price of the house (which ever is lower). Customers are required to settle in a progressive manner the 50% of the total selling price of the house before the bank loan is engaged. All payments, except in option 1, are geared to the construction progress that is to be registered on the site.
II. Apartments
- Option 1
100 % payment upon signing a contract entitles to a 6% discount and 50% payment to a 2% discount.
- Option 2 – Out of pocket payment
Depending on the progress of the construction, seven payments are scheduled to be expected over a period of 27 months (which is the delivery period) as described below:
- Advance payment 20% - on singing the contract
- First payment 15% in about 7 months after advance payment
- Second payment 15% in about 5 months after 1st payment
- Third payment 15% in about 3 months after 2nd payment
- Fourth payment 20% in about 6 months after 3rd payment
- Fifth payment 10% in about 4 months after 4th payment
- Sixth payment 5% in about 2 months after 5th payment
- Option 3 – Bank loan arrangement
A bank loan can be facilitated for 1,500,000.00 Ethiopian Birr or 50% of the total price of the house (which ever is lower). Customers are required to settle in a progressive manner the 50% of the total selling price of the house before the bank loan is engaged. All payments, except in option 1, are geared to the construction progress that is to be registered on the site.
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