The questions everyone asks first.

No. You are entering a binding Priority Agreement that reserves your chosen plot-size category, gives you an Original Plot Priority Number in that category, and records your Home Credit.

No specific homesite is sold, leased or allocated to you at this stage. A particular homesite becomes the subject of a property transaction only after it is legally ready, you select it, and you separately accept a completed Definitive Property Agreement from the lawful seller, lessor or grantor.

The intended route is phased freehold subdivision under Chapter 7, but the final lawful interest may instead be a township erf, a registered long lease of at least 99 years, a sectional-title unit or another registrable interest. Whatever it is, it must be disclosed to you before you accept that later agreement — and you remain free to reject it.

Priority Agreement Part A items 1, 5 and 6; clauses 4.1–4.5, 4.13–4.20

Home Credit is contractual credit recorded in your individual Home Credit Account. It includes your cleared cash contributions and, if you complete the once-off option correctly, the separate 5% promotional Home Credit.

The account is a Project ledger. It is not a bank account, not a savings account, not an investment and not a deposit-taking product. No interest is credited to you on it.

Your Home Credit Balance is not reduced merely because cash has been lawfully released for approved Project work.

Priority Agreement clauses 3.12–3.13, 6.2, 6.7 and 9.1–9.5

You must choose one of two at the outset:

1. Once-off EFT — pay 95% of your Category Credit Target in a single cleared transfer and, if every requirement is met, receive 5% promotional Home Credit.

2. Monthly direct debit — contribute at least N$1,500 per month, or elect a higher amount.

Neither option is payment of a present land purchase price. Both build Home Credit under the Priority Agreement.

The once-off option must be chosen before contributions begin, unless PGSN approves another arrangement in writing. Choose carefully before your first payment.

Priority Agreement Part A item 2; clauses 6.1–6.3

The cash amounts are N$38,000 for 300 m², N$47,500 for 400 m² and N$57,000 for 500 m².

The full amount must arrive in one cleared EFT, correctly referenced and allocated, within 10 business days after PGSN signs or electronically accepts your Agreement. PGSN then records promotional Home Credit equal to the remaining 5%, bringing your balance to the full Category Credit Target.

It does not reduce the Category Credit Target or the intended future property price. You pay 95% in cash and receive 5% in non-cash credit. Partial, late or monthly payments do not qualify unless PGSN expressly agrees.

Priority Agreement Part A item 2; clauses 6.2 and 6.5; Annexure A.1

No. It counts toward your Category Credit Target, toward your Home-Credit-Completed Priority Number, and toward credit applied under a later accepted Definitive Property Agreement.

But it is not cash. It is not held in the Stakeholder Account, and it has no cash-refund, voluntary-exit, abandonment-distribution or Project-recovery value. It is withdrawn if your qualifying payment is reversed or refunded.

Priority Agreement clauses 3.13–3.14, 6.2 and 12.5–12.13

Five separate amounts, and we would rather you knew all of them now:

1. The Category Credit Target — what you build through this Agreement. 2. The later land or equivalent tenure price — binding only if it is written into a Definitive Property Agreement you accept. 3. The Infrastructure and Services Contribution — separate, necessary and compulsory under an accepted Definitive Property Agreement. It is your proportionate share of the actual net approved cost, it is not capped by an early estimate, and it is settled by final reconciliation. 4. A home — a separate cost, arranged separately. You are not obliged to build through the Project. 5. HOA levies and service charges — compulsory and ongoing for as long as the homesite is held.

Failed-payment or reconciliation charges attributable to you are capped at N$150 per event. An approved transfer fee is capped at actual cost up to N$500.

No additional VAT is presently charged at Stage 1 on the current zero-rating assumption. That treatment could change if NamRA, a court or the law requires it, and any adjustment must be disclosed in the later documents.

Priority Agreement clauses 3.16–3.19, 6.2, 6.8, 7, 11.11 and 13.2; Annexure A.1

Your contributions must first be paid into the separate, dedicated Project trust account controlled by the Stakeholder Lawyers — Kadhila Amoomo Legal Practitioners, as the initial Stakeholder Lawyers. They must not be paid into the ordinary operating account of PGSN or the future Developer, and never into a personal account.

Before the Project Release Notice, the funds stay under stakeholder control. After it, money may be released only under the stakeholder mandate, the approved Project budget and the applicable milestone controls.

These controls are real protection, but they do not eliminate Project risk. Once money has lawfully been used for approved Project work, it is not the same as cash held on demand.

Priority Agreement Part A item 7; clauses 2.1–2.3 and 8.1–8.8

You may terminate at any time by written notice.

Cleared cash that still forms part of your Home Credit Balance and remains under the Stakeholder Lawyers' control must generally be refunded within 30 business days, subject to permitted deductions and mandatory law.

The part already lawfully used for approved Project work is not automatically repayable in cash merely because you change your mind. It stays recorded as Home Credit and may be retained for a later offer, transferred with approval, or placed into the voluntary exit process — which depends on cleared funds from qualifying replacement reservations being matched to your request. No repayment date or full recovery is guaranteed.

Any 5% promotional Home Credit is excluded from cash refunds entirely.

Priority Agreement clauses 3.13, 6.2, 9.3–9.4 and 12.1–12.15

If no lawful tenure structure can be implemented, the Agreement may be terminated and amounts not lawfully released or applied to approved Project work must be refunded.

If the Project is permanently abandoned, the cleared cash still available in the Stakeholder Account is distributed pro rata among affected holders of eligible cash Home Credit, after permitted deductions. Promotional Home Credit is excluded. Remaining unpaid eligible cash Home Credit may share in later Project recoveries, but full recovery is not guaranteed.

If the Acquisition has not completed by 30 June 2027, PGSN must notify you, and may terminate and refund the cash then under stakeholder control, or propose an extension or successor structure for you to accept.

Priority Agreement clauses 2.5 and 12.4–12.6

You start in the Original Plot Priority Queue for your category, at your Original Plot Priority Number.

When your Home Credit Balance reaches the Category Credit Target — including properly recorded promotional Home Credit — you also receive a Home-Credit-Completed Priority Number and enter a second queue. You keep your original number, and you receive the earliest selection opportunity reached through either queue.

Selection normally happens in batches of up to 100 within each category. As nearly as practicable, half of each batch comes from each queue, with invitations alternating between them.

Paying more does not change your Original Plot Priority Number. A higher monthly amount, or a completed once-off contribution, may get you to the Category Credit Target sooner and so to an earlier Home-Credit-Completed number — but it guarantees no particular homesite and no date.

Your Agreement Number is a different thing entirely: it identifies your contract and matches your payments. Use it with your surname as your payment reference. It has nothing to do with queue position.

Priority Agreement clauses 3.2, 3.14, 3.27, 3.40, 6.4, 6.5 and 10.2–10.5

Selection begins only after the Acquisition is complete and the relevant phase and tenure route have reached the applicable legal readiness stage. We cannot put a date on that, and we will not pretend otherwise.

When it happens, your Plot Selection Invitation must give you the available homesites, plan information, dimensions, restrictions, proposed tenure, price, estimated infrastructure contribution, and a completed or completion-ready Definitive Property Agreement.

Until then you can explore the concept master plan for orientation. Viewing a concept homesite does not reserve or allocate it.

Priority Agreement Part A items 4–6; clauses 10 and 11

This flexibility applies to the monthly option.

A missed contribution does not automatically cancel your Agreement and does not forfeit your Home Credit. You may request up to three payment holidays in any 24-month period.

If three scheduled contributions remain unpaid and no payment holiday applies, PGSN may suspend your eligibility for new Plot Selection Invitations after giving 30 days' notice. That is not termination and not forfeiture. You can restore good standing by curing the arrears, agreeing a revised payment plan, or resuming the approved minimum contribution.

Priority Agreement clauses 6.6 and 14.1–14.3