Sunshine Coast GATED COMMUNITY
Affordable
Lifestyle Living 2020 EDITION
Bula and welcome
!
Sunshine Coast Gated Community is delighted to bring to you, affordable lifestyle living. If you are searching for exclusivity, then you will appreciate the beauty of this first-class development in Malolo, Nadi that will satisfy your desire for lifestyle, luxury, and quiet enjoyment.... We trust you will enjoy this edition and take the opportunity to be a part of our gated community. To discover more we invite you to visit our office at 10 Tanoa Apartments, Votualevu Nadi where a warm welcome awaits or visit our website www.sunshinefiji.com.
.
Vinaka vakalevu
Perfect for your Future
Artist Impression
Become Part Of A Gated Community
S
unshine Coast Gated Community will be managed by a Body Corporate empowered to manage common infrastructure, services and security. The Body Corporate will perform the administrative
and management function as a pseudo town council through a set of bylaws intended to harmonise and provide a consistent standard within the community lifestyle. This consistency adds intrinsic value to all homes on the development. All lot owners will by default of owning lots, be shareholders of the Body Corporate. The Body Corporate will operate with a profit and dividends determined through forecasting long-term earnings
Sunshine Coast Gated Community
Land Tenure Crown Lease
d
33 acres
Roa
Total Area
Sri Siva Subramaniya Temple
Q
ala
Mo
177°23’38.90”E
Swami Vivekananda
Swami Vivekananda College
4
kR ac di B Na
Nadi Town Centre
17°48’59.36”S
Quueen ee s R nsoad Ro皇后 ad 路
Location
oa
d
and calculating a percentage of earnings to be paid out.
Artist Impression
About The Development
T
he Sunshine Coast Gated Community is targeting the provision of affordable residential lifestyle accommodation for the Nadi Community. The development is also geared to support Governments
Housing Policy in providing affordable quality residential homes.
Sunshine Coast Gated Community will offer the following;
Residential Lots 800 m 1,000 m
2
Commercial Lots 67 lots
2
31 lots
1,100 m2
13 lots
800 m2
3 lots
Civic Lot / Open Space 6,988 m2
6
1 lot
E TO M
OA
LA VIL LAG
SCHEME PLAN 59.80
5
800m
.28
10.94
7.84
D
45.67
SOL
39.44
26.67
26.67
26.54
91
1000m²
1000m² 29.48
24.13
1000m²
5
35.37
29
D
8.77
25.56
SOL
28 8
54.4
41.6
90 41.59
41.52
1100m²
1000m²
30
1000m² 36.68 56.38
16.79
26.67
1100m²
40.06
1100m²
23.09 .87
43
5
89
41.52
1100m²
.63
24.34
7.7
88
41.52
41.52
41.52
41.52
26.54
1000m²
1000m²
31
21.85
20.00
20.00
20.00
20.00
40.39
800m² 20.55
800m²
40.00
40.00
800m²
800m²
40.00
800m²
40.00
800m²
40.00
40.00
800m²
40.00
800m²
800m²
40.00
800m²
40.00
²
40.48
1000 m
800m²
25.98
80
46
D SOL
.71 20
² 47.0 4
800m²
20.00
37
0m
.1
²
8
29.46
2 25.2
VE
25.20
m-15m
)
SER
idth 10
E RE
m²
20.00
20.00
39
40
41
38
35
36
13.4
00
20.00
42
43
14.41
19.43
20.00
6
20.00
44
45
20.00
20.00
²
20.00
20.00
0m
23.69
46
20.00
45.5
27.28
47
48
20.00
20.00
.15
49
20.00
20.00
100
50
D SOL
20.00
11
51
17.41
.30
ble W
20.07
50
.98
18.0
8
37.52
30.30
.10
13
8
15.02
800m²
36
INAG
D
SOL
37.50
37.50
26.67
13.9
6
34
(Varia
26.67
33.28
800m²
DRA
26.67
112 800m²
800m²
29.67
800m²
.84
800m²
30.30
30.30
26.67
111
33
26.40
26.67
26.67
108
32
39.11
30.70
26.06
26.67
26.67
4
800m²
1000m²
107
8.5
25.05
113
14
800m²
800m²
26.67
30.30
26.67
104
1000m²
1000m²
1000m²
30.30
103
37.50
26.67
110
37.50
26.67
109
D SOL
30.30
30.30
30.30
26.67
106
26.67
800m²
26.67
26.67
26.67
105
1000m²
26.67
100
800m²
26.67
102
37.50
D
1000m²
26.67
99
37.50
SOL
37.50
37.50
26.67
101
58
0m
96 800m²
26.63
.27
110
30.30
35.80
800m²
52 62 .99
95
40.00
D
41.52
37.50
32.00
26.11
98 1000m²
26.67
26.63
11
54
32.04
97 1000m²
1000m²
.18
57
7
53
92 1000m²
1000m²
42.43
17.79
26.67
35.69
49.7
1100
87
86
1100m²
26.67
26.67
94
93
55
1100m²
26.67
47.29 26.63
27.26
16.0
1000m²
26.67
16.43
56
800m²
26.67
26.67
26.67
85
84
26.67
8.7
57
83
82
23.99
0
27 800m²
1
800m²
33.94
24.4
26
32.71
22.94
28.84
33.43
25 800m²
27.18
6
8.70
24 800m²
21.01
18.67
26.68
26.69
26.67
1100m²
8
D SOL 800m²
26.67
26.67
43.16
9 .0 23
58
m²
4.91
NO ACCESS ROAD
EXISITING TRAMLINE
QUEENS ROAD
(12.07
TUNA LIA
m W IDE)
ROAD
SIGATOKA
23
800m²
24.1
26.68
26.68
SOLD
800m²
30.01
22
30.22
800m²
27.91
26.69
26.69
21
30.37
34.17
SOLD
30.76
25.91
1100m²
8.6
20.00
DRAINAGE RESERVE 9m) (Variable Width 6m -
25.43
20.48
1100m²
SOL
6.86
6
.1
17
40.74
30.73
18.16
20 800m²
1100m²
800m²
9
m²
1000
41.7
.20
35
40.35
11.19
8.57
800m²
20
81
55
41.66
31.83
8
32.72
26.67
.72
² 8.22
800m²
20.00
3
114
800m 9.82
5 31.6
13.02
31.41
SOLD
SOLD
43.16
33.04
0 43.8
38.58
28.41
43.16
43.16
²
800m
800m²
44.61
800m ²
SOLD
SOLD
SOLD
6 43.1
6
0 11.1 0
²
26.4
2
0
800m
10.4
.6
800m 5
24.3
59
²
2 24.0
80
8 41.5
1 45.7
m²
1000
45.6
0
m²
m²
6
45.6
45.8
1000
6
33.7
800m
²
1
0
22.5
19
117
8
21.8
60
1000m²
29.14
79
2
18
35.98
24.0
51
0 74.4
² 42.7 0
800m
²
800m ²
41.7
7
800m ²
1 26.4
800m 4
800m²
24.2
12.5
14.39
24.0
18.63
800m²
32.77
16
0
0
²
9
800m
21.8
25.46
17
27.54
21.8
78
61
800m²
.91
33.6
9
45.5
0
6
15
14
20.66
0
21.8
²
8 26.3
21.8
77
62
13
21.8
23.5
17.31
.58
800m
²
33.6
0
63 7
0
0
21.8
24.0
15.0
15.58
50
4
0
1000
0 6
1000
45.6
45.8
m² 1000
64
17.47
12
20.0
21.8
76 m²
45.7
0
24.0
8
0
21.8
8
14
75
800m
7
8
41.7
41.6
21.8
11
19.1
116
0
19.1
14
4
9
8
24.0
19.1
10 42.2 4
SOLD
5 41.9
21.8
0
² 0
9
8
21.8
65
19.1
19.1
4
m²
45.8 5
1000
66 24.0
800m ²
4 42.0
800m ²
41.8 6
²
42.1 5
45.9 5
m² 1000
45.8 8
1000 m²
4
9
1
9
8
74
115
8
0
21.7
² 24.2
73
6988m²
19.1
19.1 21.8
²
18.8
67
800m
0
²
8
8
6
26.3
800m
9
8
20.0
21.6 15.2
0
9
40.0
0
²
8
19.1
21.7
800m
2
800m
9
4
800m
70
19.1
7
19.1
72
46.0
20.0 0
0
8
21.7
33.4
11.4 7
RO
40.0
71
²
800m
²
19.1
6
8
0
0 20.0
800m
40.0
69
4
19.1
3
68
0
ALA
2
31.6
11
20.0
MO
19.4
20.0 0
AD
.58
0 18.8
D OA
19.7
5
33.3
SR
8
8
0
EEN
19.1
4
18.6
42.5
QU
800m
7
8
800m ²
²
5
1 12.6
800m
800m ²
3
6
28.3
TO
18.6
²
37.2
22.1
14.2 1
19.1
0
1
2
34.94
20.00
Reserve for Sewer Treatment Facility 1035m²
40.7
*The scheme plan is intended to assist and guide a potential buyer. Availability of lot numbers are subject to change.
NADI TOWN
Facilities
Civic & Open Space
Enjoy the following services managed by the Body Corporate:
Common Facilities include:
24 x 7 static security
Members only Club House
24 x 7 common area CCTV and monitoring services
Swimming pool facilities
Landscaping
Tennis and basketball Courts
Waste management and recycling
24 x 7 Medical Centre & Pharmacy
Disaster management
24 x 7 Police Post
Street lighting, irrigation, sewerage, water, power, gas,
Supermarket - IGA Standard
data, telecommunication and fibre optics Enforcement and management of bylaws to ensure uniformity and consistency within the development
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Artist Impression
Building Purchase Option
C
hoose from three (3) of our designs; or modify our designs; prices ranging from FJ$400,000.00 to FJ$600,000.00 comprising of 3 and 4 bedrooms with an ensuite. Our buildings are turn-key models
and they come with a swimming pool and white goods.
D
esigns will be pre-approved by Nadi Town Council and available for selection in the 1st quarter of 2021.
Pre & Post Sales Services From our experience with other projects, we also provide financing support which includes calculation and pre-qualification of buyers for loan based on current income, liaison and arranging meetings with financers. In-house legal services for the entire Sale and Purchase process. Assistance in liaison with FRCS on tax compliance and related matters.
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Artist Impression
Building Packages
Building Only - Residential B
12
Building Only - Commercial
FJ$400k to $500k
FJ$500k to $600k
FJ$500k to $600k
FJ$600k to $700k
FJ$600k to $700k
FJ$700k to $800k
FJ$700k to $800k
FJ$800k to $1m
FREQUENTLY ASKED QUESTIONS (FAQ) 1. IS SUNSHINE DEVELOPMENT PTE LTD REGISTERED WITH INVESTMENT FIJI LTD? Yes. Sunshine Development Pte Ltd (SDL) was approved by Investment Fiji Ltd on the 19th of April 2018 via reference number 5/9284 as a Registered Foreign Investment company under the activity/ies class of “Real Estate Development” with a FSIC code 68101 pursuant to the Foreign Investment Act 1999 and the Foreign Investment Amendment Act 2004, 2016. Pursuant to the Foreign Investment Act and the relevant amendments, Sunshine Development Pte Ltd is required to comply with all laws, statutes, legislations and bylaws to maintain it’s status as a valid investor in Fiji. 2. IS SDL REGISTERED WITH FRCS? Yes, Sunshine Development Pte Ltd is registered with FRCS as a tax payer via Reference CSC/TIN# 50-57061-0-6 on the 9th of May 2018. 3. WHERE IS SUNSHINE DEVELOPMENT PTE LTD REGISTERED OFFICE? 10 Tanoa Apartments, Votualevu. Nadi. P O Box 11792 Nadi Airport. 4. WHAT IS THE DIFFERENCE BETWEEN A SALE NOTE AND SALE AND PURCHASE AGREEMENT? A Sale Note is an agreement whereby a deposit of F$20,000.00 is required to secure your lot whilst the acquisition of the final lot is being processed. It was confirmed by the Divisional Lands Manager for West at the Government Investment working Committee held on the 1st of September 2020 that the transfer will be finalized before the end of 2020.Thereafter once the titles are ready the Sale and Purchase agreement will be executed between the parties for full settlement. 5. WHAT ARE THE CHANCES THE FINAL LOT WILL NOT BE APPROVED BY GOVERNMENT? Lot’s 6, 7, 15 and 10 have been approved by the Hon. Minister for Lands and Mineral Resources in August of 2018 for “Real Estate Development”. Lot 4 is already in the process of being approved for Real Estate Development.
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6. WHAT FINANCIAL ADVANTAGE DO I GET BY MAKING A DEPOSIT NOW AS OPPOSED TO WAITING FOR THE TITLES TO BE RELEASED? 6.1 DISCOUNT QUALIFIER • The sale price per lot is based on current market valuation by Pacific Valuation Ltd who are in the panel of Valuers for all financial institutions and FNPF. • The 1st 10 buyers qualifed for a 10% discount, thereafter a discount of 5% offered until the civil work commences. • Based on the 5% discount the sale price, using the 800m² lot will be FJ$190,000.00. • Paying FJ$20,000.00 deposit can be used as equity when applying for financing when the titles are issued within a 1 year from making the deposit. • On completion of the civil works within 1 year, all unsold lots will be revalued to reflect the current market then and the new values applied as Sale Price. 6.2 DISCOUNT QUALIFIER + INVESTMENT • As an investment, a deposit of FJ$20,000.00 into a term deposit will only yield a return of circa 2% per annum, that is FJ$400.00 interest earned per annum. • A deposit of FJ$20,000.00 with Sunshine Coast Gated Community will yield a return equivalent to the market appreciation of the revalued lot upon completion of the civil works. The table below (6.4) summarises the comparison. 6.3 SUNSHINE COAST GATED COMMUNITY COMPARED TO SIMILAR INVESTMENTS As a comparison, under comparable sales for similar Crown Lease land in Fantasy Island Development in Nadi is around FJ$600,000.00 for vacant land. However, Sunshine Coast Gated Community offers more in terms of value and services. Other developments such as Denarau cannot be used as a unit of comparison because it is a matured development. Point to note that 800m² lots in Denarau, in 2000 to 2004 were sold at FJ$60,000.00, and from 2006 to 2010 similar lot sizes were sold at $600,000 to $900,000.00 and from 2014 these lots were sold from $1.1m. Today, the same lots are sold at $1.2m as the cheapest lot. 6.4 SUMMARY • Deposit Amount – FJ$20,000.00 • Term – 1 Year • Interest Rate – 2% • Property Value Appreciation (Worst Case) – FJ$50,000.00
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7. I WANT TO PURCHASE A LAND BUT I DON’T KNOW IF I CAN TAKE A LOAN? Through our service offering at iConsult Pte Ltd, we can assist you as follows; • Pre-qualify / calculate if you can take a loan. • If you have an existing loan facility, we review and recommend the options available to you either by restructuring your current loan facility to a more improved and favourable terms. • The restructure of loan examples include; (i)If you have an existing loan and investment facility with a bank, we will review the overall status of your loan, equity available and offer recommendations to engage with the bank so you can either top-up your facility at better terms; or free up one or more of your assets; consolidate all your loan portfolios and negotiate a favourable term and repayment while using the available equity as deposit. (ii)Review and restructure your balance sheet to allow for refinancing. (iii)Use your FNPF entitlement to either reduce your existing facility and take top-loan such as the FJ$20,000.00 deposit. (iv)Use the Government Grant to secure your home. PLEASE CONTACT RUPENI FONMANU ON +(679) 760 5875 FOR A MORE IN-DEPTH DISCUSSION ON THE OPTIONS AVAILABLE TO YOU AS AN INDIVIDUAL. 8. CAN I USE THE CURRENT GOVERNMENT HOUSING GRANT TO PURCHASE THE LAND? Yes, you can, however, note that the grant can only be used if you have a title. In the case of Sunshine Coast, the titles will be issued later, please refer # 10 below. Therefore, if the titles are issued within the current National Budget year, that is before June 2021, you may apply for the grant should you qualify. 9. I DON’T HAVE CASH FOR THE DEPOSIT, WHAT OTHER OPTIONS ARE AVAILABLE? A bank guarantee may also be used in lieu of deposit. 10. WHEN WILL THE TITLES BE ISSUED? Since the project is on the Government’s and Investment Fiji’s priority list, we envisage titles issued by mid-2021 if not sooner. 11. I AM INTERESTED IN MAKING A DEPOSIT, WHAT DO I NEED TO DO? Make an appointment with a Sales Consultant, sign the Sale Note and pay the FJ$20,000.00 deposit. The deposit is to be or will be paid to the following trust account.
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VAMA LAW 151 QUEEN ELIZABETH DRIVE NASESE SUVA PH: (+679) 330 3034 / 707 7530 E: VAMARASI@VAMALAW.COM ACCOUNT NAME: VAMA LAW TRUST ACCOUNT BANK: BANK OF THE SOUTH PACIFIC (BSP) BRANCH: ACCOUNT NUMBER: 81566742 BSB NO: 069 003 SWIFT CODE: BOSPFJFJ 12. IS MY DEPOSIT SECURE? Yes, your deposit is held with Vama Law Trust Account and you will receive an annual statement to confirm the status of your deposit. Your deposit cannot and will not be used for the operating cost of the development. 13. WHAT WILL HAPPEN TO MY DEPOSIT WHEN THE TITLES ARE ISSUED? We will contact the buyer for settlement. For buyers that have made a deposit but need to apply for a loan, we will contact the buyer when we have been given notice from the Lands Department on the issuance of titles. This will allow the buyer ample time to apply for a loan using the deposit as equity for the loan. Once your loan is approved you may instruct Vama Law as per the Bank instructions on equity. 14. WHAT’S THE WAITING PERIOD FROM THE DATE OF PAYMENT OF THE DEPOSIT? Refer to # 10 15. DO I NEED A LAWYER WHEN SIGNING THE SALE NOTE OR SALE AND PURCHASE AGREEMENT? Yes. iConsult provides an in-house General Counsel that can witness the signing of these documents at a fee of F$30.00 per transaction. You may opt to engage your own independent Counsel. 16. WHAT’S THE DIFFERENCE IN PAYING A DEPOSIT AND APPLYING FOR A LOAN DIRECTLY? To apply for a loan through a commercial bank and/or FNPF, these institutions require a title before processing the loan application.
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17. DO I QUALIFY FOR THE GOVERNMENT GRANT ON 1ST HOME OWNER? Yes, however, refer to # 7. 18. CAN I USE MY FNPF? Yes, however, refer to # 7. Please refer to the FNPF website for more details regarding the use of FNPF to secure a home loan under the Housing Policy. 19. I AM INTERESTED IN A LAND AND BUILDING PACKAGE, IS THIS OFFERED? Yes, we offer land and building packages. Our building packages range from FJ$400,000.00 TO FJ$600,000.00 where you will have the following options. • Select from 3 of our basic designs. • Modify any of our 3 designs. • Engage our team to design your dream home within the price range of FJ$400,000.00 TO $600,00.00. Our standard 3 designs are inclusive of the following and intended to be a turn-key home and investment option for our clients. Services include; • project management fees • engineering stamping and completion certificate • Nadi Town Council and Town and Country Planning approval • bill of quantities • white goods namely refrigerator, washing machine, dryer, microwave, dishwasher, air conditioning in living room, and bedrooms, smart TV in the living, CCTV, security system. • SMARTHome unit. We will also offer additional equipment and appliances that our clients can select from, at an additional cost. 20. WHAT IS A SMART HOME? SMART home technology allows the home owner to fully control their home remotely as long as there is access to internet. The owner has the ability to control the CCTV, turn the air conditioning on and off, monitor power consumption real time to name a few. The use of SMART Home over fiber optics network provides high speed connectivity.
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21. WHAT IS A BODY CORPORATE? A Body Corporate is a legal entity registered with the Registrar of Companies. It is set up like any company to manage the affairs of Sunshine Gated Community on behalf of the lot owners. Its functions are to generally “construct, carry out, acquire by purchase or otherwise, maintain, improve, manage, operate, control and superintend any buildings, structures, roads, skidways, bridges, reservoirs, flumes, canals, harbours, watercourses, aqueducts, wharves, piers, railways, trainways water supplies, sewerage and septic facilities, power supplies, electricity supplies, telephone and other communication facilities, television reception facilities, parks and gardens and other works and conveniences, plant, equipment and other chattels, motor and other vehicles and waterborne vessels as are conducive or incidental directly or indirectly to any of the Company’s objectives and to contribute to, subsidise or otherwise assist or take part in the construction, carrying out, maintenance, improvement, management, operation, control and superintendence of any of them” 22. WHAT ARE THE GENERIC SERVICES THAT WILL BE MANAGED AND PROVIDED BY THE BODY CORPORATE? • Management and maintenance of revetments • 24 x 7 Static security • Environmental management and protection • 24 x 7 CCTV • Enforcement of the bylaws • 24 x 7 Call-Out services for water, power and sewerage • Billing and collecting levies from the lot owners • Landscaping • Waste management • Recycling • Disaster Management • Traffic Management 23. WHAT ARE BYLAWS? The bylaws will include the following; • Neighbourhood Bylaws • Development Control Bylaws • Security Bylaws
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• Noise Control Bylaws • Pet Bylaws
24. WHAT THE ADVANTAGES OF HAVING BYLAWS? Bylaws are intended to guarantee and provide the lot owner(s) with; • peace of mind • knowledge that your investment is protected and secured at all times • surety that you are in control and part of the decision making process as a lot owner • certainty that property value will appreciate 25. WHAT ARE THE ADVANTAGES OF BYLAWS Bylaws are not intended to imply a “Police State”. Sunshine Coast Gated Community is offering “Lifestyle Living” and the existence of bylaws ensures the same and allows for peace and quiet enjoyment of tenancy. 26. WHAT ARE THE ADVANTAGES OF HAVING A BODY CORPORATE COMPARED TO NADI TOWN COUNCIL? As a lot owner, you by default qualify as a shareholder. As the body is a registered company, it has a corporate and legal structure with a Board of Directors and a management team to manage the day-to-day affairs of the body corporate and the lot owners. Unlike a Municipal Council, because the lot owners form the Board of Directors, they have better control of the common infrastructure, security and other community services and therefore their investment. As a lot owner(s), they and shareholders of the Body Corporate dictate the type and extent of services that the body corporate will provide for all lot owners based on the user pays principle, i.e. the more services the greater the body corporate levies. 27. HOW MUCH WILL OUR BODY CORPORATE LEVIES BE? In the initial 1st and perhaps the 2nd year, the estimated body corporate levies/charges are estimated to be between FJ$500.00 to FJD$1,000.00 per annum and thereafter any changes will be determined by the lot owners. 28. AS A LOT OWNER WHEN DOES MY BODY CORPORATE LEVIES BECOME DUE? The Body Corporate levies become due when you legally take possession of the title, that is, you have become the legal owner of a lot(s) in Sunshine Gate Community and therefore you are a shareholder of the Body Corporate.
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29. HOW ARE LEVIES DETERMINED? Levies are calculated based on the usage of infrastructure such as roads, sewerage, water, power, common verges and other common areaservices such as waste management, security, CCTV, Club House etc. 30. HOW ARE LEVIES DISTRIBUTED? Levies are distributed based on the number of lots owned. Therefore, if the total body corporate cost is $100,000.00 per annum, a lot owner will pay FJ$900.90 VEP ($100,000.00 /111 residential lots) 31. IF I AM PAYING FOR MY LOT, WHO PAYS FOR THE UNSOLD LOTS? The Developer will pay for the levies on unsold lots until 145 lots are sold upon which time the balance lots will be transferred to the body corporate and the cost shared amongst the lot owners. 32. ARE MY LEVIES FIXED IN PERPETUITY? No, levies are determined and dependent on the services demanded by all lot owners under the user pays principle. 33. WHAT IS THE SELF-FUNDING MODEL PROPOSED FOR THE BODY CORPORATE? The self-funding model is designed to make the Body Corporate financially self-sufficient. The objective is to minimize if not eliminate the need for the lot owners to pay Body Corporate levies. To achieve this the Body Corporate will, in addition to the management of day-to-day affairs of the body corporate, focus on revenue generating businesses so that it can earn an income and generate a profit. 34. WHAT SERVICES CAN THE BODY CORPORATE PROVIDE EFFICIENTLY UNDER THE SELF-FUNDING MODEL? • Gas reticulation • Solar farming and power generation • Waste management • Real Estate leasing • Real Estate and property sales • Property Management
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The lot owner agrees unconditionally that the body corporate will be given the first right of refusal for real estate leasing, sales, rentals and property management services as these are services that the Body Corporate charge as a fee to generate income to enable the self funding model. 35. HOW DOES THE BODY CORPORATE GENERATE REVENUE FROM GAS RETICULATION AND POWER GENERATION? The objective is that the Body Corporate will have by default of purchasing mass units, apply for a discount but charge the lot owners the market rates. The differences are direct profits as costs would already have been paid upfront. 36. WILL THERE BE DIVIDENDS FROM THE BODY CORPORATE? The Body Corporate is setup like any commercial business and therefore any profits, when realized, can earn dividends. The Body Corporate Board of Directors have the discretion to pass a resolution on distribution of dividends. 37. WHO WILL FORM THE MANAGEMENT OF THE BODY CORPORATE? Under the current arrangement with the developer, the Body Corporate will be setup and managed by iConsult Pte Ltd under an irrevocable contract until all lots are sold. The lot owners have discretion to extend the management contract under normal commercial terms. 38. WHY IS ICONSULT PTE LTD ENGAGED TO MANAGE THE BODY CORPORATE? iConsult Pte Limited are the lead consultants of the entire development. Its specialty includes but not limited to Integrated Resort Development including the setup of the legal framework of the Body Corporate and the management of Body Corporate. 39. WHAT SERVICES CAN ICONSULT LTD ASSIST ME WITH? iConsult Pte Limited as the lead consultants for SDL provide the following services at a fee; • Integrated Resort Master Planning • Feasibility Studies • Body Corporate Setup and Legal Framework • Body Corporate Management (Outsourced) • Disaster Management & Planning • Static Security • Land Use Planning
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• Land Management and Development • Development Control By-Laws • Planning & Neigbourhood By-Laws • Traffic Management & Planning • Coastal Management Planning • Risk Management Planning • Shareholder Cost Re-Billing
• Asset Management Planning • Wet Leasing & Water Ways • Investment Analysis • Finance/Loan Restructuring • Desktop Valuations • Traffic Management & Planning • Coastal Management Planning
• Risk Management Planning • Shareholder Cost Re-Billing • Asset Management Planning • Wet Leasing & Water Ways • Investment Analysis • Finance/Loan Restructuring • Desktop Valuations • Discounted Cash Flow Modelling
Corporate I Management & Information Technology Services • Company Secretary & Paralegal • Outsourced Management Services • Strategic Planning • Business and Finance Planning • Budgeting • Business Case Formulation • Business Process Re-Engineering • Property Management • ISO9001 Accreditation • Board Level Interaction • Domain Admin, Mgt. & Hosting • Email Setup, Hosting and Admin • Web Development • IT & Server Administration • Company Registration
Licensed UAV (Drone) Operator • 3-D Mapping • Geographical Information Systems • Topographical Mapping /Modelling (DTM/DEM/DSM) • Volumetric Calculations • Roof inspections • Insurance & Damage Assessment • Asset Management, Planning and Finance Integration up to Profit & Loss and Balance Sheet • Disaster Management • Asset Geotagging and GIS Integration • Construction progress mapping and progress claim valuation • Project Management • Real Estate • Traffic Management Analysis • Time Lapsing • Agriculture, Crop & Crop Health Analysis
Project Management • Building & Construction • Civil construction • Land Development • Information Technology Communication
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40. WHAT IS THE BOARD COMPOSITION OF THE BODY CORPORATE? The Board will comprise of 7 Directors of which Sunshine Development Pte Ltd and/or its nominees will hold Chairmanship Veto Rights and Casting Vote up to and until 80% of residential lots are sold. The Directors shall also comprise of 1 Director from iConsult Pte Ltd up to and until ALL lots have been sold. The iConsult Director shall hold the default Chairmanship role and attached rights thereto in the event the Developer has exited the Board under the qualifying conditions. 41. WILL THE DIRECTORS BE PAID? No, however the Board makes the decision as it sees fit on the need to renumerate some if not all the Directors. 42. ARE THE DIRECTORS LIABLE? Pursuant to the Companies Act 2015, all Directors and Board are and will be held liable. 43. CAN OUTSIDE PERSONS HOLD DIRECTORSHIP? Yes, that is the prerogative of the board at the time. 44. WHAT COMMUNITY SERVICES WILL BE OFFERED WHEN THE DEVELOPMENT IS COMPLETE? • Members Only Club House • Swimming pool facilities • Tennis and Basketball courts • 24 x 7 Medical Centre & Pharmacy • 24 x 7 Police Post • Supermarket 45. WHAT COMMON SERVICES WILL BE PROVIDED? • Waste management • 24 x 7 CCTV • Landscaping • Traffic Management • Street lighting • Management of the Community Facilities • Static Security
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46. WILL THERE BE RECYCLING OFFERED? Yes, this includes composting and recycling of common area verges.We will also be setting up a solar farm to power common area lighting, sewer pump stations and other common area electrical requirements. Any surplus will be sold to the lot owners under the self-funding model. 47. WILL THERE BE A RENEWABLE ENERGY OFFERED? Yes, we will be employing Probiotics Treatment to conduct primary sewerage treatment where the sludge will be used as manure and the grey water for irrigation.We will also be setting up a solar farm to power common area lighting, sewer pump stations and other common area electrical requirements. Any surplus will be sold to the lot owners under the self-funding model. 48. IS SUNSHINE COAST GATED COMMUNITY AN INTEGRATED RESORT DEVELOPMENT? Yes. 49. WHAT ARE THE ADVANTAGES OF BEING AFFILIATED UNDER INTEGRATED RESORT DEVELOPMENT? A member of the Sunshine Coast Gated Community Body Corporate will become a member of the Fiji Association of Integrated Resorts (FAIR) which includes developments such as Denarau, Momi, Naisoso Island, Maui Bay to name a few. Under FAIR, the Body Corporate will have a legislative legal framework to operate under. 50. WHAT IS THE ZONING OF LOTS? Residential - Special Use Villa and Commercial. 51. WHAT TYPE OF LAND TENURE WILL I GET AS AN OWNER? You will receive a 99 year residential Crown Lease. 52. IS THE LEASE RENEWABLE? Yes. 53. WHAT CAN I BUILD UNDER A RESIDENTIAL LEASE? Building for residential purposes only, the details are also in the Neighbourhood Bylaws.
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54. IF I OWN TWO LOTS CAN I APPLY FOR AMALGAMATION? Yes, however, you will be required to pay levies for 2 lots. There is no discount or benefits attached to owing two (2) or more lots in as far as paying levies. 55. IF I AMALGAMATE A LOT, CAN I PAY LEVIES FOR 1 LOT? No, levies will be paid for owning two (2) lots. 56. CAN I DO SHORT TERM LETTING? Yes, the details will be covered under the Neigbourhood Bylaws. 57. CAN I KEEP A PET? Yes. Take note that the owners buy under the banner of Life Style Living and therefore any nuisance associated with owning and keeping pets will come with a degree of accountability. The Pet Bylaws will permit owners to have pets, however, there will be restrictions to the type and breed of pets, maintenance of pets and the responsibility of the owner(s). 58. CAN I USE MY PROPERTY AS A RENTAL INVESTMENT HOME? Yes, however, the bylaws have certain restrictions and the Body Corporate is given first right of refusal to manage your rental investment at a fee. 59. ARE THE SALES CONSULTANTS LICENSED WITH THE REAL ESTATE LICENSING BOARD? The Sales Consultants are employees of Sunshine Development Pte Ltd and their employment contracts remain confidential between the Employer and Employee. The Sales Consultants fully represent the private and business interest of the Developer. 60. IS THE LOCATION FLOOD PRONE? Yes, it is. However, we have reviewed the rain fall and flood data for the last 20 years and based on which we will fill the entire development to approximately 6 meters from the High-Water Mark whilst using the Queens Highway Datum as our highest reference point. Our preliminary research confirms that to achieve this we will require a total fill of 300,000 cubic meters. Our drainage design is not to eliminate flood but to ensure that it captures the volumetric discharge into the Nadi River after raising the development. We have also given consideration to the surrounding and peripheral community to ensure that the discharge is direct to the Nadi River and the development does not act as a natural dam.
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We cannot however, mitigate the volumetric discharge from the upper catchment as we are of the understanding that this has been adequately captured by the Department of Environment when granting approvals for EIA. 61.WHAT BENEFITS WILL THE DEVELOPMENT GIVE TO THE COMMUNITY AND VANUA? SDL and Sunshine Coast Gated Community have as part of its vision, the inclusion of the community being the lot owner and the community at large. It also encompasses the Vanua meaning that on merit, the land owners will be provided with business opportunities, education grants, training and development focusing on empowering our iTaukei Women and scholarships. Preliminary concepts revolve around a business incubation concept where the developers will assist with the legal framework and setup, assist with the management of the business via an arms-length setup and hand over to the land owners for full autonomy. 62.WHAT EMPLOYMENT OPPORTUNITIES ARE THERE? Sunshine Development Pte Ltd will initially employ up to between 150 to 200 workers and later up to 350 direct and indirect workers. Employment will be on merit and jobs will be advertised with first priority given to workers that lost their jobs in the COVID-19 pandemic. 63.WHO CAN APPLY FOR A JOB? Anyone can apply on the condition that you fulfill the conditions of employment. To ensure we fulfill our quote to provide employment for workers who have lost their jobs during the COVID-19 pandemic, we will conduct the necessary reference checks. For applicants that do not meet the relevant skill sets, Sunshine Development Pte Ltd will provide a basic training platform where practical and place these workers under a probationary period. 64.WHAT TYPE OF JOBS WILL BE AVAILABLE? There are a variety of jobs available ranging from office and administration to civil, construction, landscaping, security and technical to name a few. 65.WHEN WILL STAGES 2 AND 3 COMMENCE? We have commenced with the land acquisition for stage 2. *The information is intended to assist and guide a potential buyer and is subject to change.
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*Boundary lines are indicative only
Sunshine Development Pte Ltd
10 Tanoa Apartments Votualevu, Nadi Fiji Islands Ph: (+679) 670 1292 | 760 5875 | 999 8080 E: info@sunshinefiji.com www.sunshinefiji.com