Dual Eco, our new heating system combining condensing boilers and heat pumps to heat apartments debuts on Phases L and M of the City Home complex. The „AA - better than the specifications applicable to near zero energy consumption” energy rating, which we guarantee under contractual responsibility, attests to the outstanding efficiency Dual Eco system provides. For more information on the Dual Eco system and how it works, please refer to our website, here.
The development of Metrodom's smart home system has been taken to a new level. Starting with buildings handed over in the second half of the year (Panoráma B, Park B, City Home K), Metrodom homes will be equipped with smart switches specifically optimized for Metrodom's own system. While the sleek, elegant design and touch sensitive glass interface remain, the technical content has been significantly improved, and from now on, the optional window shutter switches will also have a matching design.
Yet another district will soon be added to the list of those where Metrodom has built residential property. Constructions and sales of the '14-18 Bosnyák utca' property in District 14 are expected to commence in September this year. Almost 200 apartment units will be constructed in the four-story condominium, with Metrodom's signature offerings, the family friendly environment and the big internal garden.
For years, Metrodom has taken care to not only provide its customers with high quality construction services but also state-of-the-art information technology services by developing Metrodom's smart home system. At Metrodom, we have a team dedicated exclusively to seeking and testing smart devices, designing the systems to be integrated in the apartments, building and developing these systems and making them even smarter.
Please be informed that our offices will be closed between 22 December and 1 January. Our colleagues will be at your disposal again from 2 January.
We wish you happy holidays and a happy new year.
The Parliament has amended the VAT legislation. Under the stipulations of the amended law, the VAT rate applicable to every Metrodom construction currently in progress is 5%, irrespective of the date of completion. Consequently, 5% VAT is levied on apartments to be completed and paid for in 2020, such as the ones in Madarász38 or phases L-M of City Home, sales of which shall commence in the coming weeks.
Following the statement made by the Hungarian Minister of Finance on restoring the 27 percent VAT levied on new-build property as of January 1, 2020, we received numerous enquiries regarding new projects to be launched in the near future so that customers can still make preferential VAT purchases. Although the projects launched in Fall this year will only be handed over during 2020, price installments (or the whole purchase price if the customer so decides) paid before the end of next year will only be encumbered with the favorable, 5 percent VAT. The respective locations and features of our new projects commencing Fall this year are outlined below.
Please kindly note that on top of the 10% downpayment, an additional 10% advance will be payable for apartments covered by propety sales contracts (or preliminary contract) signed after September 1, 2018. For mor information on our payment schedule, please click here or turn to our property advisors to enquire about the changes.
Our campaign for collection of donations, which we organized in partnership with Igazgyöngy Alapítvány, has ended. Our colleagues and residents in the neighborhood have donated clothing, hygienic supplies, non-perishable food to those in need. Additionally, we also received washing machines, refrigerators and microwave ovens from the many people wanting to donate so we had to use a truck to transport everything to Berettyóújfalu. For additional images, please click on the news item.
On March 21, 2018 we signed the property sales contract for the 2500th apartment, which, given that Metrodom will turn a mere six years of age in two months, is a significant achievement. Our 2500th clients, (in the middle), who bought an apartment and a parking slot in Building 'K' in the City Home project, were greeted with a complimentary cake and a small price discount handed over during a small ceremony.
After a long year full of hard work, Metrodom's offices will close on 21 December for the winter holidays. Our colleagues will be available again on 2 January to all our customers. Until then, we all wish you a pleasant and relaxing holiday period.