T
thx1038
Guest
Re: the NEW Sapphire... this just in.
It’s time!!!
We have now completed the new floor-plans for the studios and one bedroom suites in the new . (The larger suites, with 2 to 5 bedrooms, will be completed by the end of the week). During the next three weeks (until September 30, 2006), we will be executing revised Agreements of Purchase and Sale that will confirm your suite in the new project.
Please bear in mind the following important points;
Every purchaser will be offered a new suite that is equivalent or greater in size than their original choice, with an equivalent or better view.
The purchase price of the suite will be the price on your original agreement, although these suite types will subsequently be offered to the public after September 30, 2006, at higher prices.
Within 60 days of executing the new Agreement, a deposit of at least 5% of [the original value] must be in place.
The deposits will increase over a period of one year to 20% of the purchase price.
Note that the 'extended payment program' (of multiple 1% payments) will not be offered due to changes in the Condominium Act.
You may choose to upgrade your suite or combine several units into one larger (2 bedroom + suite), in which case a credit will be allowed for the retail price of your new suite against the price of the new alternate suite.
As noted, after September 30, 2006 we will be commencing public sales of the suites. Please ensure that you have confirmed your new suite by that date , as we anticipate that selection will rapidly decrease after that date.
For a limited time, we will extend to existing purchasers the 'Insider Program' whereby you may purchase a suite at effectively 50% of retail value, provided that the [reduced] purchase price is immediately paid in full. These funds are being directly invested into the project and not held in trust. Such funds become part of the mezzanine financing program and are secured through participation in a mortgage on the project lands, which accrues interest at 18%. The full construction and development program is anticipated to last from 3 to 4 years and during that period at 18% - the funds will effectively double in value. Please appreciate that by doing so, one is making a business investment with inherent risks. For full details on the Insider Program, contact Sean Stewart at sean.stewart@onekingwest.com or 416-548-8115.
During the next few days we will be forwarding to you the new layouts. Please confirm that you wish to proceed with the Purchase and we will forward new Purchase documents for execution.
Regards,
Harry Stinson
It’s time!!!
We have now completed the new floor-plans for the studios and one bedroom suites in the new . (The larger suites, with 2 to 5 bedrooms, will be completed by the end of the week). During the next three weeks (until September 30, 2006), we will be executing revised Agreements of Purchase and Sale that will confirm your suite in the new project.
Please bear in mind the following important points;
Every purchaser will be offered a new suite that is equivalent or greater in size than their original choice, with an equivalent or better view.
The purchase price of the suite will be the price on your original agreement, although these suite types will subsequently be offered to the public after September 30, 2006, at higher prices.
Within 60 days of executing the new Agreement, a deposit of at least 5% of [the original value] must be in place.
The deposits will increase over a period of one year to 20% of the purchase price.
Note that the 'extended payment program' (of multiple 1% payments) will not be offered due to changes in the Condominium Act.
You may choose to upgrade your suite or combine several units into one larger (2 bedroom + suite), in which case a credit will be allowed for the retail price of your new suite against the price of the new alternate suite.
As noted, after September 30, 2006 we will be commencing public sales of the suites. Please ensure that you have confirmed your new suite by that date , as we anticipate that selection will rapidly decrease after that date.
For a limited time, we will extend to existing purchasers the 'Insider Program' whereby you may purchase a suite at effectively 50% of retail value, provided that the [reduced] purchase price is immediately paid in full. These funds are being directly invested into the project and not held in trust. Such funds become part of the mezzanine financing program and are secured through participation in a mortgage on the project lands, which accrues interest at 18%. The full construction and development program is anticipated to last from 3 to 4 years and during that period at 18% - the funds will effectively double in value. Please appreciate that by doing so, one is making a business investment with inherent risks. For full details on the Insider Program, contact Sean Stewart at sean.stewart@onekingwest.com or 416-548-8115.
During the next few days we will be forwarding to you the new layouts. Please confirm that you wish to proceed with the Purchase and we will forward new Purchase documents for execution.
Regards,
Harry Stinson