Investor Presentaiton
Residential development scheme
Timing
3-5 years
Permission risk
vs. Project
value
High permission risk
Low entry price
Stages of
residential
real estate
development
Zoning & initial
permit
documentation
Revenue
recognition
Source: Company data
Total development period range: 39-59 months
12-18 months
18-30 months
Medium-low
permission risk
Medium
entry price
Investment
contract,
planning &
construction
permit
Construction
Pre-sale
1-2 months
3 months
State
commission
Ownership
rights
registration
Sales after
commission
ing
For share participation agreements when the construction
is completed and the building has been approved by the
State commission for acceptance of finished buildings.
For share accumulation agreements when the building has
been approved by the State commission for acceptance of
finished buildings and act of acceptance is signed by share
accumulation cooperative.
For 100% payment when sale-purchase
agreement is signed.
For less than 100% payment when
preliminary agreement and act of
acceptance is signed by client.
Etalon Group focus
ā Etalon Group
Operating
Landbank
Results
Valuation
Financial
Results
Selected
Projects
Appendix
39View entire presentation