NLDS is suited for those of you who are planning to buy a new launch property. All types of new launches are available under this scheme, be it residential or commercial/industrial. You will be entitled to a “rebate” based on the calculations below. Please also look through the 2 scenarios to familiarize yourself with the scheme.
Agency's cut [10%]
[ ( Purchase price X Commission rate ) X 90% ] X 60% = Your rebate
Generally, EC pays lower commission than private developers. A very conservative scenario is if you are buying the cheapest EC unit, in a project paying paying a low commission.
Illustration: $1m EC unit that pays 0.9% commission
Commission to me: $9,000 * 0.9 = $8,100
Rebate to you: 60% * $8,100 = $4,860
Assuming you’ve successfully gone through NLDS and purchased a 1.6m new launch condo and decided to introduce 2 friends who also bought new launches.
Friend A bought a 2m new launch condo which pays 1.8% commission
Friend A’s rebate = [($2m * 1.8%) * 90%] * 60% = $19,440
Friend B bought a 2.3m new launch condo which pays 2.1% commission
Friend B’s rebate = [($2.3m * 2.1%) * 90%] * 60% = $26,082
You bought a 1.6m new launch condo which pays 2.2% commission. From NLDS you will receive: [($1.6m * 2.2%) * 90%] * 60% = $19,008
Referrals:
A: [$19,440 * 15%] = $2,916
B: [$28,980 * 15%] = $4,347
Total sum received from NLDS and referrals: $21,120 + $4,347 + $2,916 = $26,271
Don’t forget, you will still receive rebates when friend A and B introduce others (refer to the tier list under NLRS below)
NLRS is for those who may not be ready to buy now but knows someone who does. You can still earn rebates by referrals. The more you refer the more you earn! and the rewards are pretty generous! This could be your new side hustle!
I've created a tool which helps you simulate the potential rebates you could earn.
Check out the rebates reward structure and payout scenarios as described below for better understanding
If your referral purchased a new launch, there will be a 4 tier level of rebates receivable
Tier 1 (15% of referral’s rebates)
Tier 2 (5%)
Tier 3 (1%)
Tier 4 (0.5%)
*Tier 1 referrals refers to people whom you’ve directly referred
*Tier 2 refers to people referred by Tier 1, so on and so forth
So how much rebate goes to you? Using the very very conservative EC example above, if the person (A) you referred to has committed to a 1m EC unit which pays 0.9% commission;
Rebate to your referral (person A) : [(1m * 0.9%) * 90%] * 60% = $4,860
Rebate to you = 15% * 4,860 = $729
You will receive 15% of the rebate for every successful referral and don’t forget, you would still be receiving rebates when your referrals refers another successful referral, for a total of 4 tiers.
Assuming you referred A, A referred B, B referred C, and C referred D.
You > A > B > C > D
Friend A bought a 1.5m new condo which pays 1.7% commission
( A’s rebate - $13,770 )
B bought a 1.8m new condo which pays 2.2% commission
( B’s rebate - $21,384 )
C bought a 1.4m new EC which pays 1.2% commission
( C’s rebate - $9,072 )
D bought a 2.3m new condo which pays 2.5% commission
( D’s rebate - $31,050 )
From;
A (T1) = $13,770 * 15% = $2,065.5
B (T2) = $21,384 * 5% = $1,069.2
C (T3) = $9,072 * 1% = $90.72
D (T4) = $31,050 * 0.5% = $155.25
Rebates receivable to you will be =
$2,065.5(A) + $1,069.2(B) + $90.72(C) + $155.25(D) = $3,380.67