Mango City Villas

SADEGHI ARCHITECTS

MANGO

CITY GARDEN VILLAS Affordable living

N E

GREEN ARCHITECTURE CITY GARDEN VILLAS

COMMON GOALS AND PRIORITIES -To develop an Infrastructure for entire water management -To optimize designs to utilize smaller spaces and to employ materials more effectively -To conserve or restore biodiversity and local ecosystem -To specify materials which are resource-efficient with low environmental impact -To design water-efficient landscapes and homes -To provide a comfortable and safe indoor environment -To return, recycle and reuse job-site waste -To reduce the energy consumption by employing solar panels and high energy efficient windows

Infiniti Blu

View towards Ocean

Ocean Club (Marriott)

Instyle @Infiniti Blu

Hispañola Beach

We will develop 10 garden villas with 160 condos of 1 and 2 bedrooms on 4 stories of 58 – 85 m2 starting at US$ 1350 / m2

We will also develop a street and courtyard block with 62 condos with 1 bedroom in atrium style, open space design with flying gardens as well as offices and locals The project will have a spacious swimming pool with slides, BBQ, playground and 8500 m2 of tropical gardens and a shuttle transport to Sosua beach and Playa Alicia

FLOORPLAN Garden Villas Lola

View from the roof terrace

Project Development Mango concept 1.8 with LOLA Condos + Street and Courtyard Wings According to the zoning regulation max 150 rooms per hectar. 18200/10000 x 150 = 273 rooms distributed on 4 floors Description

Quantity

Unit

Price

Sub-total

Total

average cost per m2 condo

General Costs Of Purchase and Planning Land purchase

Land purchase Contract fees, lawyer Taxes creating companies

18200 1 3 1

m2 % % UD

$ $ $

USD

150.00 $ 2,730,000 $ $ 1,500.00 $

2,730,000 27,300.00 1,500.00

SUB-TOTAL Land purchase

USD

2,758,800

161.64

257,943

15.11

15.50

Total land purchase per m2 condo $ 161.64

Loan costs

Loan costs interest

Pa. % SUB-TOTAL Loan costs

$ $

Planning costs

Planning costs Presentation, model

2 5

% %

$ 12,282,985 $ $ 245,660 $

245,660 12,283

SUB-TOTAL Planning costs Permit costs, legal fees building license, permits Lawyer contracts, titles

Quant.

Unit

1.2 0.5

% %

Price

Value

$ 11,714,700 $ $ 24,807,200 $

SUB-TOTAL Permit and Legal fees

Page 1

Total

140,576 124,036 $

264,612

Mango Garden Villas, feasibility Study

Concept 1.8

Development Costs Common Areas Common areas Survey, topographie etc. Cleaning of the land

18200 18200 1

m2 m2 Pa.

Earth movements Cistern Water, electro, TV, Tel Generator+ transform.

500 2 13 1 3400 1820 8452 30

m3 Pa. Un. Pa.

Parking Area Roads, walk paths, etc.

Green areas, gardening Service building Club house, tennis courts Pool (200m2)

Play ground, Bar-B-Q Administrations office (in IB) Perimeter walls Gate, check point, Entrance Security costs Garbage place, cans etc. TV dish Otherwise

1 1 0 400 2 24 1 5

m2 m2 m2 Pa. Pa. Pa. m2 ml Pa. Mo Pa. Pa. %

$ $ $ $ $ $ $ $ $ $

1 3,500 10 8,000 3,000 100,000 15 35 10 350

$ $ $ $ $ $ $

90,000 8,000 400 40 2,000 1,200 3,000

541,224

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

18,200 3,500 5,000 16,000 39,000 100,000 51,000 63,700 84,524 10,500 90,000 8,000 16,000 4,000 28,800 3,000 27,061 -

SUB-TOTAL Project development costs

568,285

33.30

Construction Costs Garden Villas Condos + stairwells Street and Courtyard wing

Total construction

Page 2

12705 5216.4

m2 m2

$ $ $

17921.4 SUB-TOTAL Construction costs

8,472,500 3,242,200 $

11,714,700

Mango Garden Villas, feasibility Study

686.35

Total building cost per m2 condo $ 750

Concept 1.8

Marketing Costs comission agent mix marketing costs

5.00% 1.50% 6.50%

% $ 24,807,200 $ % $ 24,807,200 $ SUB-TOTAL Marketing costs

1,240,360 372,108 $

1,612,468

94.47

Total marketing cost per m2 condo $ 94 Total cost per m2 condo

TOTAL COST

$ 17,176,808 $

1,006.37

1,006

Sales Prices Quantity M2 1st. Floor Garden Villas Condos (Type A) 10 58 $ 1,400 Garden Villas Condos (Type B) 10 61 $ 1,400 Garden Villas Condos (Type C) 30 68 $ 1,350 Garden Villas Condos (Type D) 30 76 $ 1,350 Garden Villas Condos (Type E) 30 78 $ 1,350 Garden Villas Condos (Type F) 50 85 $ 1,350 Street wing Condos (Type G) 14 54 Courtyard wing condos (Type G) 48 54 Locals (Type H) 23 54 $ 1,350 Offices (Type I) 7 54 Total locals/offices 30 Total Condos 222 Total units 252 TOTAL SALES

Sales Price per m2 2nd. Floor 3rd. Floor

Sales

Page 3

$ $ $ $ $ $

1,450 1,450 1,400 1,400 1,400 1,400

$ $ $ $ $ $ $ 1,400 $

1,350

1,550 1,550 1,500 1,500 1,500 1,500 1,500 1,500

Top Floor

$ $ $ $ $ $ $ $

1,600 1,600 1,550 1,550 1,550 1,550 1,550 1,550

Average Sales Price per m2 condo

$ 24,807,200 $

Mango Garden Villas, feasibility Study

1,453.43

1,453

Concept 1.8

Sales Garden Villas Condos (Type A) 1BD Condos (Type B) 1BD Condos (Type C) 2BD Condos (Type D) 2BD Condos (Type E) 2BD Condos (Type F) 2BD

Sales Price per Condo M2

1st. Floor

58 61 68 76 78 85

$ $

2nd. Floor

Locals Offices

3rd. Floor

Top Floor

81,200 85,400

$ 114,750 $ 396,100

$ $ $ $ $

95,200 106,400 109,200 119,000 429,800

Sales Street and Courtyard wings Condos (Type G)1BD street wing Condos (Type G)1BD courtyard wing

Total Sales per

$ $ $ $ $

102,000 114,000 117,000 127,500 460,500

$ $ $ $ $

$ $ $ $ $ $

105,400 117,800 120,900 131,750 475,850 $

Total sales this type

54 54 54 54

$ $

75,600

$ $

81,200 85,400 302,600 338,200 347,100 607,750 1,762,250

$ 17,622,500

81,000 $ 81,000 $

83,700 $ 83,700 $

72,900 $

Building

$ $ $

72,900 Total sales this type

1,152,900 3,844,800 1,676,700 510,300 7,184,700

TOTAL PROFIT per m2 condo

GROSS PROFIT

7,630,392 $

447.06

447

Cost of Production per Type and Unit A

Condo size including Terr. m2 Production Cost / m2 Constr. Cost / unit Marketing / m2 Total Cost / m2

Total Cost of Production/Unit Quantity Total cost per type

58 61 68 $ 954 $ 948 $ 936 $ $ 55,325 $ 57,825 $ 63,657 $ $ 94.47 $ 94.47 $ 94.47 $ $ 1,048 $ 1,042 $ 1,031 $ $ 60,805 $ 63,588 $ 70,081 $ 10 10 30 608,046 635,876 2,102,437

925 $ 70,323 $ 94.47 $ 1,020 $ 77,503 $ 30 2,325,076

923 $ 71,989 $ 94.47 $ 1,017 $ 79,358 $ 30 2,380,736

Total cost general

Page 4

Mango Garden Villas, feasibility Study

916 $ 920 $ 791 $ 77,821 $ 49,703 $ 42,703 $ 94.47 $ 94.47 $ 94.47 $ 1,010 $ 1,015 $ 885 $ 85,852 $ 54,805 $ 47,805 $ 50 62 23 4,292,576 3,397,911 1,099,515

791 42,703 94.47 885 47,805 7 334,635 17,176,808

Concept 1.8

Costruction cost Analisis Garden Villas Type

Bedrooms

Size (m2)

Quantity

Total m2

A B C D E F Elevator Stairwell 5%

1 BD 1 BD 2 BD 2 BD 2 BD 2 BD

58.00 61.00 68.00 76.00 78.00 85.00

1 1 3 3 3 5

58 61 204 228 234 425 1 60.5

Total units Garden Villas

Cost/m2

$ $ $ $ $ $

1 time Cost

$ $ $ $ $ $ $

7,000 7,000 7,000 7,000 7,000 7,000 100,000

$ $ $ $ $ $

Total/m2

1210

$ $ $ $ $ $ $ 500 $ Constr. cost per building Garden Villas

160

12100

Total Constr. Cost Garden Villas

500 500 500 500 500 500

Cost/condo

36,000 37,500 41,000 45,000 46,000 49,500

728 722 711 700 697 690 83 25

Cost Total

$ $ $ $ $ $ $ $

36,000 37,500 123,000 135,000 138,000 247,500 100,000 30,250

847,250

8,472,500

Street and Courtyard Wings Type G H (office, local) I (office, local) Elevator Stairwell 5%

Bedrooms

Size (m2)

54.00 54.00 54.00

Quantity 62 23 7

Total m2

3348 1242 378 2 248.4

Cost/m2

$ $ $

1 time Cost

Cost/condo

Total/m2

Total Street and Courtyard

4968

500 $ 7,000 $ 34,000 $ 500 $ - $ 27,000 $ 500 $ - $ 27,000 $ $ 100,000 $ 500 $ Constr. cost Street and Courtyard wings

Total units Project

252

17068

Construction cost All Buildings

695 565 565 40 25

Cost Total $ 2,108,000 $ 621,000 $ 189,000 $ 200,000 $ 124,200 $

3,242,200

$ 11,714,700

Variables Type A Quantity Type B Quantity Type C Quantity Type D Quantity Type E Quantity Type F Quantity

Page 5

10 10 30 30 30 50

A Size B Size C Size D Size E Size F Size

58.00 61.00 68.00 76.00 78.00 85.00

Total m2 Project # of Buildings Cost of Const./m2 Construction cost Commisions Marketing

17068 13.00 500 11,714,700 5% 1.5%

Mango Garden Villas, feasibility Study

Concept 1.8

Cash flow 1 Project: Garden Villas Lola Rest Sales

Phases of Construction Planned Expenses

Phase I

Phase II

Phase III

Phase IV

5 Garden Villas

Street + Courtyard wings

PROJECT

Land purchase Payments to the owner

2,730,000

contract fees

27,300

1,500

2,758,800

taxes fees for creating companies

1,500

Subtotal $

2,758,800

Loan costs Loan costs interest Subtotal $

Planning costs concept, master plan planning fees

245,046

presentation plans, model

12,897

technical supervision

material cost

257,943

140,576

social security

pension

140,576

Subtotal $

257,943

105,432

35,144

Permission costs, legal fees licence

lawyer contracts, titels

12,404

18,605

74,422

Subtotal $

117,836

53,750

18,605

74,422

281,842

200,190

86,254

568,285

Subtotal $

281,842

200,190

86,254

568,285

Development cost common areas

Page6

Mango Garden Villas Cash flow

Concept 1.8

Buildings Construction costs

Garden Villas

Street + Courtyard wings

construction costs

4,236,250

3,242,200

Payments to contractors 3% guarantee at the end

4,109,163

3,144,934

Subtotal $

4,109,163

3,144,934

124,036

289,004

413,040

11,714,700

351,441

11,714,700

414,280

1,240,360

Marketing costs sales oriented expenses commision direct marketing expenses % marketing related expenses promotion

30.0%

20.0%

111,632

74,422

372,108

Subtotal $

235,668

400,636

487,461

488,702

1,612,468

Planned Expenses by phase

7,761,251

4,763,738

3,737,254

914,564

17,176,808

TOTAL Planned Expenses

7,761,251

12,524,989

16,262,244

17,176,808

TOTALS

Investments, Participation

% of Preconstruction Sales Prospected Sales (m2)

10.0%

23.3%

33.3%

33.4%

1706.8

3976.844

5683.644

5700.712

Developer participation

2,987,942.69

Investor Financing

4,000,000.00

1,000,000.00

Sales

2,480,720.00

5,780,077.60

% of Payments Received Per Phase

70.0%

$ $

50.0%

8,260,797.60

17068 -

2,987,942.69

5,000,000.00

8,285,604.80

24,807,200.00

50.0%

Deposit from the Sales

1,736,504.00

3,634,254.80

7,020,437.60

12,416,003.60

Balance

963,195.20

833,712.12

4,116,895.24

15,618,334.40

Developer

2,987,942.69

Investor Financing

5,000,000.00

7,630,391.71

Total profit

Page7

Mango Garden Villas Cash flow

Concept 1.8

Development in Phases PHASE I Excecuted Amount 5 Garden Villas

Development Survey, topographie etc. Cleaning of the land Earth movements Cistern Water, electro, TV, Tel Generator+ transform. Parking Area Roads, walk paths, etc. Green areas, gardening Service building Club house, tennis courts Pool (200m2) Play ground, Bar-B-Q Administrations office (in IB) Perimeter walls Gate, check point, Entrance Security costs Garbage place, cans etc. TV dish Otherwise

100% 100% 70% 50% 40% 40% 40% 40% 50%

70% 100% 100% 50% 50% 50%

Total

Page8

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

PHASE II Excecuted Amount 5 Garden Villas

18,200.00 3,500.00 3,500.00 8,000.00 15,600.00 40,000.00 20,400.00 25,480.00 42,262.00 63,000.00 8,000.00 16,000.00 2,000.00 14,400.00 1,500.00 281,842.00

0% 30% 50% 40% 40% 40% 40% 40% 100% 30% 0%

50% 50% 50%

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

1,500.00 8,000.00 15,600.00 40,000.00 20,400.00 25,480.00 33,809.60 10,500.00 27,000.00 2,000.00 14,400.00 1,500.00 200,189.60

Mango Garden Villas Cash flow

PHASE III Excecuted Amount

TOTAL

Street + Courtyard wings 0% 0% 0% 0% 20% 20% 20% 20% 10% 0% 100% 0% 0% 100% 0% 0% 0% 0% 100% 100%

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

7,800.00 20,000.00 10,200.00 12,740.00 8,452.40 27,061.20 86,253.60

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

18,200.00 3,500.00 5,000.00 16,000.00 39,000.00 100,000.00 51,000.00 63,700.00 84,524.00 10,500.00 90,000.00 8,000.00 16,000.00 4,000.00 28,800.00 3,000.00 27,061.20 568,285.20

Concept 1.8

Condo types

CONDO SIZES and TYPES Summary Condo A Size B Size C Size D Size E Size F Size

Buildings of this Type = m2 Bedroom incl. Terr. 58 1 61 1 68 2 76 2 78 2 85 2

10 Garden Villas LOLA Bathroom Quantity per Count Total Building all buildings 1 1 10 1 1 10 1 3 30 1 3 30 1 3 30 1 5 50

GARDEN VILLAS Buildings of this Type =

Condo Types

Totals

1st floor 2nd floor 3rd floor Top floor

1 0 0 0

0 0 0

0 1 1 1

2 1 1 1

4 4 4 4

Condo / Building

m2 / Condo

Construction Area m2 Constr. Area (incl. stairwell) m2

204

228

234

425

1210 1270.5

Constr. surface per building m2 Constr. Surface total m2

page9

m2/floor 289 307 307 307

1210 m2/building

322.35 3223.5

Mango Garden Villas, Condo Types

Concept 1.8

Condo types STREET WING Buildings of this Type =

Types

Condo

Local 7

Office

Totals

1st floor 2nd floor 3rd floor Top floor

0 0 7 7

Units / Building Condos Locals/Offices m2 / unit

Construction Area m2 Constr. Area (incl. stairwell) m2

756

378

1512 1587.6

Totals

0 0 0

0 7 0 0

7 7 7 7

14 14

COURTYARD WING Buildings of this Type =

Condo Types

Condo

Local

Office

1st floor 2nd floor 3rd floor Top floor

0 8 8 8

0 0 0

0 0 0 0

8 8 8 8

Units / Building Condos Locals/Offices m2 / unit

Construction Area m2 Constr. Area (incl. stairwell) m2

page10

24 8 54

1296

432

1728 1814.4

Mango Garden Villas, Condo Types

Concept 1.8