Tranquility Bay Residence was built on the concept of providing a luxurious alternative to those individuals and investors who had grown tired of the more built up. VILLA PAYMENT STRUCTURE 1. Deposit = Baht 500,000.00 within 7 days after reservation of the villa 2. First payment = 30% of the purchase price less the reservation fee upon contract signing 3. Second payment = 30% of the purchase price when start roof’s structure 4. Third payment = 20% of the purchase price when architecture is completed 5. Fourth payment = 10% of the purchase price when interior is completed 6. Fifth payment = 10% of the purchase price when transfer the villa into your name roughly within 3 months after the fourth payment OTHER PAYMENTS 1. The Buyer, by law, shall pay the Developer the sinking fund at the rate determined by the Developer or the Tranquility Bay Residence Condominium Juristic Person. The sinking fund rate is Thai Baht 500 per square meter. 2. The buyer and The seller shall equally share Government Tax and Fee for transfer of the unit which will be confirmed by the land official upon the registration. ANNUAL COMMON AREA FEE RATE 42 Baht per Square Meter of Villa Area SERVICES INCLUDED IN THE COMMON AREA FEE Rubbish collection, Maintenance for Common Property, Road maintenance, cleaning, and road light, 24 hour security service, Electricity Supply for Common Property, Landscaping maintenance for common property.