1. We hereby notify that we and the Developer have mutually agree to terminate the Guarantee Agreement for off-the-plan housing no. 13398325/TTBL/TAYMODAIMO/TCB-S-VIN signed on May 12, 2021 and the appendices, amendments and supplements (if any)) prior to its expiry date. Details as follows:

 

a. Date of termination of Guarantee Agreement: 28/07/2025

b. Developer: S-VIN VIET NAM REAL ESTATE TRADING JOINT STOCK COMPANY

c. Project name: Tay Mo - Dai Mo Urban Area - Vinhomes Park (or another name as decided by the Investor or State Agency from time to time)

d. Buildings/ houses under the Project that fall within the scope of terminated Guarantee Agreement: Four high-rise apartment buildings located at plots F3-CH02 and F3-CH03 of the Tay Mo – Dai Mo – Vinhomes Park Urban Area project, with a total area of 20,269 m2, in Tay Mo and Dai Mo Wards, Nam Tu Liem District, Hanoi City.

e. Guarantee obligation: guarantee financial obligation of the Developer in the event the Developer fails to hand over the house on time and does not fully refund the advance payments received from the homebuyers as wells as other amounts (if any) that the Developer is obliged to pay as committed under the signed sale contract of the Project.

 

2. After the termination date of the Guarantee Agreement, Techcombank will cease issuing any new guarantee letters for Buyers of houses falling within scope of terminated Guarantee Agreement at item 1 (d) above.

 

3. For guarantee letters that have already been issued to Buyers of houses under the Project prior to the termination date, Techcombank shall continue to honor our commitment until all guarantee obligation are fully discharged.

 

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