LEASEHOLD

Green Waves Villa , the Ultimate Luxury Villa located in the heart of the Umalas Area, Bali's beautiful terrain after area of Kerobokan, steps from the beach and popular Canggu Club. Designed for comfort, service and convenience, for those who want to be where that action is and where the beautiful people are. Each Villa has its own private amenity space that includes a private swimming pool. Green Waves Villa will also provide 5 star facilities.

DEVELOPER	PT. Bali Green Waves and PT. Arra Buana International. With over 10 years of Development, Building and Project Management experience.
LOCATION	Close to Canggu Beach and Sunset Road Extension to Tanah Lot 30 minutes by car North of Ngurah Rai International Airport.

PLANNING PERMISSION
All building permits, land lease rights and Ministry of Planning approvals have been granted:

PMA	Direct investment approval for foreign investment
IJIN LOKASI	project location permits
IJIN PRINSIP	project approval
IMB	Building permit

Bali Green Waves Project Team and Property Details:

TENURE	Leasehold - 50 Years (30 Years Paid up + 20 Years Paid up + 20 Years Extension*) *The optional 3rd , twenty years payment is due after fifty years. Lease rate will be determined by independent market evaluation at that time.
COMPLETION	Estimated May 2009
TOTAL LAND SIZE	2,000 SQM
FACILITIES	5 Star Facilities to include : 24 hour Food and Beverages, Concierge, Private Swimming Pool, Poolside Relaxation Pavilion, Fully equipped Kitchen, Porter age and Housekeeping
MAINTENANCE FEE	US$ 1,110 / Two Bedroom Villa Management and maintenance at villa, pool cleaning, housekeeping, cleaning of all communal areas, water and waste management, electricity, gardening 24 hour security, staff (front office, reception and managerial) laundry service, drivers, local transport, satellite and broadband internet
ARCHITECT	PT. B-Const - I Ketut Suata, ST
MANAGEMENT FEE	25% of Gross Income p.a.