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THE BEST ADDRESS ON EARTH AT A FRACTION OF THE PRICE

THE BEST ADDRESS ON EARTH AT A FRACTION OF THE PRICE. SEEFF FRACTIONAL OWNERSHIP. H istory Current scope Costing consideration – Feasibility Concept & Processes What the market is asking for Re-sale market and ROI Exchange Platforms Challenges. HISTORY.

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THE BEST ADDRESS ON EARTH AT A FRACTION OF THE PRICE

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  1. THE BEST ADDRESS ON EARTH AT A FRACTION OF THE PRICE

  2. SEEFF FRACTIONAL OWNERSHIP • History • Current scope • Costing consideration – Feasibility • Concept & Processes • What the market is asking for • Re-sale market and ROI • Exchange Platforms • Challenges

  3. HISTORY • Fractional in ‘03 and Converted to a Seeff license in • June 2005 – Seeff Fractional Ownership. • The power of the brand. • Success to date. • Decline during meltdown. • Product offering

  4. CURRENT SCOPE • South African regions where fractional sales are predominant: • Exclusive Golf Estates – Why… they offer freedom for children, the hotel & spa’s for all, the golf for the family & the tranquillity for everyone • Golfers only – 40% • KZN, Western Cape and Wildlife Estates currently highest demand • Garden route also popular. • Cape Town and KZN Apartment blocks

  5. COSTING CONSIDERATION - FEASIBILITY • Project has to conform to a legal model • The project needs to be registered with VOASA • Full disclosure • True value needs to be considered to • maximize R.O.I. & credibility of the industry • In SA a 100% return in 5 years is expected in property. • Our shareholders expect the same and better • Re-sales have generated the credibility

  6. CONCEPT & START-UP PROCESS • Once we have established the demand in a particular resort/destination we generally purchase a Villa/Lodge/apartment or land and develop. Below proving our expertise in this field • Design….and there are various factors taken into account. • Brief & manage architects & planning phase. • Develop & facilitate in project management. • Interior design. • Engineers & Landscaping. • Finance, accounting & collections processes during build period.

  7. Concept - continued • Register a company, then on - sell to 13/26 investors. • We collect all payments & once all done & suppliers paid, we hand the • Villa over to its shareholders. • Manage snags. • Manage Villa on shareholders behalf to create hassle-free holidays • and further facilitate rentals, exchanges, swaps & re-sales.

  8. WHAT THE MARKET IS ASKING FOR • Golf estates Villa’s • Wildlife Estate Lodges • Apartments in sought-after destinations • Predominant sales before recession, during and after

  9. The SFO Business Case You cannot over-value a Fractional property Unless the feasibility is executed with utmost care, the business case will fail The market needs to be assured that capital growth remains relevant Re-sales creates credibility to the industry Last 20 statistics End user finance will play a role in future Rentals a large motivator and instills credibility Management company essential RE-SALES & ROI

  10. Roster system does not always suit school - going families Interest remains in the appreciating asset, but the shareholder can enjoy the product globally Gives investors options – in SA & globally Maximising the experience Exchange platform options EXCHANGE PLATFORM

  11. WEAKNESSES IN CURRENT FRACTIONAL MODEL • Only ONE - End - user finance

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