| All of the 530 apartments will have spectacular views of the sea, swimming pools and gardens. Apartments will have either private gardens or verandas and terraces (sizes of which vary across the studios, one, two and three bedroom properties). The apartments will have fully equipped kitchens and bathrooms and there will be garages and storage facilities available for all. Vila do Atlantico is built on a plon of 26.000 square meters, only 53% of the land will be used for buildings, while the rest will be gardens, huge swimming pools and socila places. CONSTRUCTION AND DELIVERY Construction will be split over three phases; Phase one will commence between October and December 2007 Phases two and three will complete within a six month delay of each completion. PRODUCT MIX AND PRICES Studio apartments from €66,000 1 bedroom apartments from €94,000 2 bedroom apartments from €115,000 3 bedroom apartments from €220,000 PAYMENT TERMS The standard payment terms are as follows: €5,000 Deposit 30% of the unit price upon foundations 20% of the unit price upon construction of the roof 20% of the unit price upon installation of electrical equipment 20% of the unit price upon setting of windows and doors 10% of the unit price upon delivery or deeds. |