We know you’ve got questions
Looking for more information? Our database of Likely Asked Questions is filled with a lot of answers to the most pressing inquiries.
The increase is primarily due to rising costs in the construction sector, driven by inflation, FX rate fluctuations, and significant increases in the cost of building materials. Despite absorbing a substantial portion of these costs ourselves, we need your contribution to ensure the project’s completion without compromising on quality. [Click here to see the impact of Inflation Table as of May 2023].
Yes, LandWey is absorbing over 54% of the increased construction costs. This reflects our commitment to minimizing the impact on our clients despite the challenging market conditions. You can read more about the inflation and rising construction costs in the following excerpts from several reliable newspaper sources:
[Insert links or excerpts from the articles]
The payment of the additional 35% is expected on or before the end of Q4 2023. Timely payment will allow us to begin construction promptly and stay on track for the June 2025 delivery timeline. Additionally, it will help us mitigate rising costs and avoid further inflation-related delays, ensuring there are no further postponements to your handover.
For specific details regarding the purchase price of your property and the corresponding 35% additional cost, please contact your Relationship Manager. Click the link below to get in touch with them for assistance with your query.
We understand this adjustment may be challenging. If the 35% increase is not feasible, you can choose the option to take delivery of your unit at the advanced carcass stage. This allows you to complete the finishing at your own pace and within your budget.
An advanced carcass stage means that the core structure of the home is completed, including external walls, roofing, and plumbing. However, interior finishes, electrical installations, and other final details will be left for you to complete according to your preferences, following the estate guidelines.
Once the additional payment is made, we will prioritize the completion of your unit and provide a detailed timeline specific to its current level. Our goal is to deliver all carcass units by June 2025, without compromising on quality.
The 35% increase represents a carefully calculated portion of the increased costs we are facing. While we have absorbed a significant portion of the expenses, this adjustment is necessary to maintain the quality and standard of the development.
If you have fully paid for your unit, you will not be required to make any additional payments for the carcass option. However, if you have not yet completed your payment, you will need to pay the outstanding balance to bring your unit to the carcass stage. Please note that all subscribers will be responsible for the cost of finishing the unit after the handover of the carcass.
Yes, we can provide a list of approved contractors who are familiar with the estate guidelines and can help you complete the unit to your specifications.
We understand if neither option meets your expectations. While it greatly saddens us, we are open to discussing a suitable exit plan should you choose to withdraw. We hope to make it up to you in the future. Please reach out to your Relationship Manager for more details.
We encourage you to review the options and contact us within 30 days upon receipt of this email to let us know your decision. This will allow us to finalize the next steps and plan the delivery of your unit accordingly.
No, regardless of which option you choose, we remain committed to delivering homes of the highest quality. If you opt for the additional payment, we will complete your unit to the original specifications. If you choose the carcass option, we ensure that the core structure and necessary components will meet the promised standards.
Absolutely. You are welcome to schedule a site visit with your Relationship Manager, who can guide you through the current status of your unit and answer any specific questions you may have.