This presentation discusses a property development project called The Bay in Phnom Penh, Cambodia. It provides an overview of the developer, TEHO Development, and architectural firm, ONG&ONG. It then discusses the location of The Bay project in the developing Chroy Changvar area. Site plans, unit layouts, and a financial analysis of the estimated return on investment are presented. Finally, timelines for construction and sample sales agreements are summarized.

1. Presentation Deck
Condensed for Collective Agency Internal Briefings
Private & Confidential. Not for Distribution
& Partners
Hotel Group – TBA Bank - TBA

2. Private & Confidential. Not for Distribution
The Bay . South View . Level 30

3. THE BAY
DEVELOPER & ARCHITECT
Private & Confidential. Not for Distribution

4. TEHO International
”Integrity in Business Towards All”
TEHO Group – Multi-faceted Solutions Provider for the Marine, Offshore O&G, Construction and Property Industries
TEHO Group has grown from a small local business in 1986 to become an international multi-faceted solutions
provider.
We were listed on the Singapore Exchange Securities Trading Limited, SGX-ST in June 2009, under our holding
company TEHO International Inc Ltd.
TEHO Group of Companies includes TEHO Ropes & Supplies Pte Ltd, TEHO Offshore Pte Ltd, TEHO Engineering Pte Ltd,
TEHO Water & Envirotec Pte Ltd, TEHO EuROPE B.V., TEHO International (USA), LLC, TEHO (Shanghai) Co., Ltd, TEHO
Development Pte Ltd and TIEC Holdings Pte Ltd.
We are assiduously and vigilantly looking for opportunities to expand geographically, as well as horizontally in our
products and services. We are confident of continuous growth in market share and global presence amidst the
challenges in the market and economic environment.
Private & Confidential. Not for Distribution

5. TEHO Development
Growth through Development
Private & Confidential. Not for Distribution
TEHO Development is a wholly owned subsidiary of SGX-listed company, TEHO
International Inc. Incepted in 2014 after the acquisition of ECG’s construction arm,
TIEC Holdings Pte Ltd, the company’s core business includes property-related
investments, holding of investments in property-related assets, as well as trading and
development of property for sale.

6.  Founding partners, the late Mr. Ong Teng Cheong (Former President of Singapore) and
Mrs. Ong Siew May, established Ong & Ong Architects in 1972.
 Since its humble beginnings, the firms' staff strength has grown to almost 900 over the
past four decades.
 Going from strength to strength under robust and exceptional leadership, the
organisation was incorporated in 1992.
 The Group now has a Strong Foot hold within 11 Countries and Phnom Penh is the Next
Target
ONG&ONG
“360 Degree Solutions”
Private & Confidential. Not for Distribution

7. Boulevard Vue, Singapore National Heart Centre, Singapore
Empire Damasara, KL Malaysia
Setia Eco Glades, Malaysia
Rivergate Residence, Vietnam
Xi An Mixed-use
Development, China
Greenland Centre, Chengdu China
Satoria Tower, Surabaya Indonesia
ONG&ONG
Multiple Award Winning Track record of A Extremely Reputable Partner
2014 Awards & Accolades
• Asia Pacific Property Award, Best Retail Architecture
Singapore – Audi Centre Singapore
• Asia Pacific Property Award, Highly Commended – JKC2
• BCA Design and Engineering Safety Excellence Award - Telok
Ayer MRT Station
• BCA Green Mark Award, Gold – OCBC Thomson Road
• BCA Green Mark Award, Gold – OCBC Thomson Road
• BCA Green Mark Award, Gold – CapitaMall Wusheng and
Somerset Wu...
• BCA Green Mark Award, Gold – Compassvale Ancilla...
• BCA Green Mark Award, Gold Plus – Indian Heritage Centre
• BCI Asia Awards - Singapore Top 10
• SG Mark Award – SaladStop!
• SG Mark Award – FRANK by OCBC (experience design)
• SG Mark Award, Platinum – SilverKris Lounge, Sydney | ID
• Singapore Design Award, Asia's Top Design Firms
Private & Confidential. Not for Distribution

8. A Collaboration of Form & Function
Multiple Award Winning Partnerships
Private & Confidential. Not for Distribution

9. AWARD WINNER –
THE BAY
PHNOM PENH: CHROY CHANG VAR PENINSULA
Private & Confidential. Not for Distribution

10. LOCATION MAP
PHNOM PENH: CHROY CHANG VAR PENINSULA
Private & Confidential. Not for Distribution

11. “Land prices around Chroy
Changvar increased by 20-30%
between 2012 & 2013.”
“More transactions, upcoming
projects and infrastructures
would boost this double-digit
growth.”
The Phnom Penh Post, Property
Post section, May 2013
Articles
Prices

12. The View
The Confluence of Rivers at Chroy Changvar
Private & Confidential. Not for Distribution

13. Developmental Hotspot
Upcoming Projects
Private & Confidential. Not for Distribution
Sokha Hotel The Bay
City of the Future
Kitahara Hospital
Norton American University
Happiness City
Sokha Riverside
Entertainment Street Proposed Bridge 2
Proposed Bridge 1

14. Developmental Hotspot
Overseas Cambodia Investment Corporation (OCIC) Investment
City of the Future
Private & Confidential. Not for Distribution
 Phase 4: 2021 to 2023 :
 Green Inclusivity & Living areas
 Phase 3: 2019 to 2021:
 Exclusive Living & Working
zones
 Phase 2: 2017 to 2019 :
 Prominent Business Zone &
Tourist Destination
OCIC Planned Master Plan Development of Chroy Changvar (2015 – 2025)
 Phase 1: 2015 to 2017 :
 Vibrant Commercial Hub

15. DESIGN
CONCEPT & LAYOUT
Private & Confidential. Not for Distribution

16. “Interlocking” buildings
Private & Confidential. Not For Distribution

17. PHNOM PENH
December
2014
concept

18. PHNOM PENH
December
2014
concept

19. PHNOM PENH
December
2014
concept

20. PHNOM PENH
December
2014
concept

21. FACT SHEET
ABOUT THE BAY
Private & Confidential. Not for Distribution

22. FACT SHEET
ABOUT THE BAY
Private & Confidential. Not for Distribution

23. FACT SHEET
ABOUT THE BAY
Private & Confidential. Not for Distribution

24. DIAGRAMATIC
CHART
ABOUT THE BAY
Private & Confidential. Not for Distribution

25. PHNOM PENH
December
2014
Plans - Type A
Private & Confidential. Not For Distribution

26. PHNOM PENH
December
2014
Plans - Type A Mirror
Private & Confidential. Not For Distribution

27. PHNOM PENH
December
2014
Plans - Type A1
Private & Confidential. Not For Distribution

28. PHNOM PENH
December
2014
Plans - Type A1 Mirror
Private & Confidential. Not For Distribution

29. PHNOM PENH
December
2014
Plans - Type B & B1
Private & Confidential. Not For Distribution

30. PHNOM PENH
December
2014
Plans - Type C & C1
Private & Confidential. Not For Distribution

31. PHNOM PENH
December
2014
Plans - Type D & D1
Private & Confidential. Not For Distribution

32. BAY SUITES
PROCESS FLOWS
(FINANCE, LEGAL, MARKETING)
- ROI
- SPA
- GRR
Private & Confidential. Not for Distribution

33. ROI
Private & Confidential

34. SALES & PURCHASE AGREEMENT (SPA) 1/2
For Agency Partners
• 10% of Purchase Price upon signing of SPA (less USD1000)
• 10% to be collected on 1 August 2015
• 10% to be collected on 1 February 2016
• 10% to be collected on 1 August 2016
• 10% to be collected on 1 February 2017
• Balance 50% within 14 days of Notice to Take Vacant Possession given to Purchaser
• Includes mechanism for paying initial Sinking Fund and Service Charges prior to handover
• Thereafter, SF and SC paid in accordance with Internal Regulations
• Transfer tax of 4% must also be paid before vacant possession can be handed over to Purchaser
• Defect liability: 1 year for non-structural, 3 years for structural (from date of Construction Site Closing Permit)
• Developer will apply for the Certificate of Ownership of Private Unit after receiving the Construction Site Closing Permit and from the Purchaser:
o Full purchase price, and
o Transfer tax
• If Purchaser wishes to sub-sell the unit, an administration fee of USD1000 will be payable to the Developer
Private & Confidential, Not for Distribution

35. SALES & PURCHASE AGREEMENT (SPA) 2/2
For Agency Partners
• General Terms and Conditions to note:
o Purchasers are not allowed to make any alterations or additions to their units prior to obtaining Certificate of Ownership of Private Unit
o Penalty of 1% per month (daily rest) on all unpaid amounts after they fall due
o Developer has Grace Period to serve Notice to Take Vacant Possession to the Purchaser of 1 year from the Estimated Handover Date
o Failing which, USD20 per day LD will be imposed on the Developer for a maximum of 1 year.
o Expiry of 1 year after Grace Period, Purchaser has right to return the unit to the Developer by serving a 14 day notice to that effect.
o Purchaser can serve a notice on Developer within 15 days of issuance of Certificate of Ownership of Private Unit if the actual built in area is
less than stated in the Certificate
o Developer will compensate the Purchaser within 3 months of the date of notice
o Dispute resolution will be by arbitration under SIAC Rules, place of arbitration in Singapore.
Private & Confidential, Not for Distribution

36. GUARANTEE RENTAL RETURN (GRR)
For Agency Partners
• Signing GRR form gives the Developer a master lease with which to sub-lease to third party tenants
• Split into 3 terms:
o Term 1: 3 years from Commencement Date (defined as date of delivery of vacant possession + 3 months)
o Term 2: 3 years from expiry of Term 1 (renewable at the option of the Developer)
o Term 3: 3 years from expiry of Term 2 (renewable at the option of the Developer)
• (Term 1: GRR 6% p.a) + (Term 2: GRR 7% p.a.) + (Term 3: GRR 7% p.a.)
• Purchaser has a right not to renew GRR terms after expiry
• Deductions from GRR prior to payout:
o Taxes (including property tax, withholding tax or VAT)
o Sinking Fund (SF) and Service Charge (SC)
o Any amounts payable to government agencies or under the SPA
o Outstanding amounts due to Developer
o Bank transfer charges if any
• Net GRR is paid at the end of each set quarter (Jan-Mar, Apr-Jun, etc) and pro-rated according to start dates.
Private & Confidential, Not for Distribution

37. Private & Confidential. Not for Distribution
Process Flow
Collection
COMPLETION
• 50%
Preview Stage
• Preview
Launch
• ROI Starts
• Collection of
USD$1,000 to
ECG (Cambodia)
Co., Ltd
VVIP May 2015 –
Main Launch
• Signing of SPA
for purchaser
• USD(10% -
1,000)
AUG 2015
• 10%
AUG 2016
• 10%
FEB 2016
• 10%
Feb 2017
• 10%

38. Private & Confidential. Not for Distribution
Construction Timeline
Bay Suites
Q3 2015
1st Piling
2019
Handover
“TOP” or
“Local
Occupancy
Permits”
12 Months
Q3 2020
Completion
“DLP”
12 Months MCST
2016 - 2018
Construction Phase
2016
Sub-Structure &
Super-Structure
36 Months
2018
Trade works &
completion
2017
Super –Structure
& Trade Work
Phase

39. ECG
(Estimated Prices)
Private & Confidential. Not for Distribution
LEVEL 45 TO 52 PRICES USD
TYPE A 210,000 – 235,000
TYPE B 218,000 – 270,000
TYPE C 218,000 – 250,000
TYPE D 232,000 – 288,000
*please check with ECG (Cambodia) Co., Ltd for the available units and
prices