This document outlines allowance incentives for sellers who meet booking requirements for a property development:
- Sellers will receive a cash incentive depending on the unit type when the reservation deposit is cleared and booking completed.
- Higher incentives are offered for bookings made between January to June 2013, and lower incentives for bookings converted from 2012.
- Brokers can receive up to 380,000 in cash incentives based on progressive monthly booking sale targets met within a 6 month period, with bonuses for exceeding 100% of targets.
- Incentives are net of withholding tax and cancelled sales. Winners will be announced monthly based on average percentage achievement of peso and unit targets.
3. Allowance Incentive
• Upon clearing of Reservation Deposit
and complete booking requirements
• Amount of Cash Incentive to seller’s
will depend on unit type.
• Net of Withholding Tax
4. No. of Floors
Construction 19
Marketing
(no 4F & 13F) 20
Commercial 1
Parking 3
Residential 15
Density/floor
Amenities (2F) 14
Typical Floor (3F-18F) 17
5. Booked 10 Incentive
New Reservation Sale
3,000 cash incentive for every 1M
of booked sale
• Upon clearing of down payment
(min.10% w/in 30 days from RD) and
complete booking requirements
• January – June 2013
• Net of Withholding Tax
6. Booked 10 Incentive
Prior Year Reservation Sale
1,500 cash incentive for every 1M
of booked sale
• January – December 2012 sale
converted to booked sales (min 10%
DP paid from January 2013 – June
2013 and with balloon payment of at
least 2% of contract price.
• Net of Withholding Tax
7. Excellence Award Incentive
As much as 380,000 cash incentive for Brokers
Progressive Cash Award Reservation Sale
(Net)
Booked Sale
(Net)
1st
Month (time) to hit
target
10,000 20,000
2nd
Month (time) to hit
target
15,000 25,000
3rd
Month (time) to hit
target
20,000 30,000
4th
Month (time) to hit
target
25,000 35,000
5th
Month (time) to hit
target
30,000 40,000
6th
Month (time) to hit
target
35,000 50,000
MAX Cash
Award
135,000 200,000
8. Excellence Award Incentive
A bonus cash award will be given for those
who EXCEED (more than 100% of their
reservation target)
Excellence Award
(Reservation Sale)
BONUS (+) Total Cash
100% achievement of 6-
mo. Target 15,000 150,000
120% achievement of 6-
mo. Target 30,000 165,000
130% achievement of 6-
mo. Target 45,000 180,000
9. Excellence Award Incentive
• Performance will be measured by getting the
average % achievement in peso and unit targets.
• CATCH UP RULE: For the sales that will fail to hit
their monthly target/s but will be able to meet the
total 6 months target of the promo period (Jan-
June) the full/max cash award will still be awarded
less any released cash incentive/s awarded to
them.
• Announcement of winners and awarding of the cash
incentives will be made on the 3rd
week of each
month
• Accumulated actual sales will be net of cancelled
sales at the time of processing of incentive, and is
based on net of RVAT price.
• Net of Withholding Tax