PRESTIGE - VERSION 2.0

Masmeyer "The Prestige"

1. Eligible and terms

  • 1.1
    The Masmeyer "The Prestige" membership is given free of charge to every person or company who has purchased Masmeyer Property at any value from Masmeyer; such person or company will be entitled to the benefits and privileges offered under the Masmeyer "The Prestige" Program.
    1.2
    The benefits and privileges shall only available after such person or company has executed the SPA and all other relevant documents and has paid to Masmeyer the first ten percent (10%) of the purchase price and executed all necessary loan documentations.
    1.3
    For new Masmeyer "The Prestige" membership, in the event of termination of purchase of Masmeyer Property for any reason whatsoever, the Masmeyer "The Prestige" membership shall be terminated forthwith.
    1.4
    The Masmeyer "The Prestige" membership shall remain with the first purchaser who directly purchased the property from Masmeyer despite subsequent sale, assignment, transfer or disposal of the said property.
    1.5
    The Masmeyer "The Prestige" membership is non-transferable and non-assignable and is for the exclusive use of the Member only.
    1.6
    In the case of joint purchasers, all the joint purchasers shall be entitled for the Masmeyer "The Prestige" membership.
    1.7
    In the case of corporate purchaser, the Masmeyer "The Prestige" membership will be given to the corporate purchaser under its registered name. Such corporate purchaser may not nominate its director(s) or shareholder(s) or any other party(ies) as member of Masmeyer "The Prestige" membership.
    1.8
    The Member must be an eligible member at the point of purchase or introduction to qualify for the benefits and privileges offered under the Masmeyer "The Prestige" Program.
    1.9
    The benefits and privileges of Masmeyer "The Prestige" will include but not limited to the following:
    • Priority Invitation for property launches, events and promotions
    • Masmeyer Prestige Gratuity
    • Masmeyer Prestige Reward
    • Privileges with our participating merchants (if any)
    * Note - Types of privileges and benefits may vary, change, amend or cancel at any time without prior notice to you in accordance with the participating project

2. Masmeyer "The Prestige" Program

  • 2.1
    Priority Invitation for property launches, events and promotions
    • Masmeyer "The Prestige" members shall be entitled for priority invitation for new project launching, or any special promotion that organized by Masmeyer.
    2.2
    Masmeyer Prestige Gratuity
    • Masmeyer "The Prestige" members shall enjoy great discounts of the property purchase price on the Member��s next purchase of Masmeyer property.
    • The member must be either the sole purchaser or co-purchasers for the said property.
    2.3
    Masmeyer Prestige Reward
    • Great rewards (based on the rate as provided from time to time) will be paid to the Member when the Member introduces a non-Member to purchase Masmeyer Property.
    • The referral reward may be given to Member during promotional period(s) and such promotional period(s) is to be solely determined by Masmeyer at its discretion and subject to such terms and conditions prescribed Masmeyer during such promotional period(s).
    • The Member who introduces the non-Member must and shall at the point when the Member introduces the non-Member to Masmeyer specifically inform Masmeyer of such introduction and identify the non-Member by filling up and submitting to Masmeyer a form provided by Masmeyer and such introduction shall be made before the non-Member signs the booking form and pays the booking fee for the purchase of the Masmeyer Property. Any Member who has failed to comply with this requirement and procedure shall not be entitled to the Masmeyer Prestige Reward.
    • The Masmeyer Prestige Reward will be paid out to the Member in any form as determined by Masmeyer at its sole discretion, after the non-Member introduced by the Member has executed the SPA and all other relevant documents and has paid to Masmeyer a sum of not less than ten percent (10%) of the purchase price, cum executed all the necessary loan documentations.
    • The Masmeyer Prestige Reward is only applicable for introduction of purchaser who is not Member at the point of introduction. In the case where the Member purchases Masmeyer Property from Masmeyer directly jointly with non-Member(s), the Member is only entitled to the Masmeyer Prestige Gratuity.
    • Such Member is not entitled to the Masmeyer Prestige Reward for such purchase.
    • In the event the purchaser who is a non member purchases more than one units of property from Masmeyer at the same time, the Purchaser is entitled for Masmeyer "The Prestige" membership for either one of the units purchased and shall be entitled for the Masmeyer Prestige Reward for the remaining units purchased, provided always that the Purchaser shall has duly executed the SPA and all other relevant documents and has paid to Masmeyer the first ten percent (10%) of the purchase price and executed all necessary loan documentations.
    • Notwithstanding the above, types of promotions, benefits & privileges offered is to be determined by Masmeyer during promotional period(s) at its sole discretion and subject to such terms and conditions as imposed by Masmeyer from time to time.
    • The Masmeyer Prestige Rewards payable to the Member is not inclusive of goods and services tax imposed by the Government or any other similar or like taxes and/or any other taxes whether imposed before or after the date of this letter and if applicable, the Member shall be liable pay for the goods and services tax or any other similar or like taxes and/or any other taxes imposed by the Government pertaining to the payment of Masmeyer Prestige Rewards to the Member. The Member shall indemnify and keep Masmeyer indemnified against any summonses actions proceedings claims and demands costs damages and expenses which may be levied brought or made against Masmeyer or which it may pay sustain or incur by reason of any act or omission of the Member.

3. Others

  • 3.1
    The property purchase related benefits and privileges offered under the Masmeyer "The Prestige" may not be used in conjunction with other ongoing similar promotions and discounts offered at the respective Participating Projects. Masmeyer reserves its absolute rights and discretion to determine, review or change the types of promotions, benefits and privileges at any time without prior notice.
    3.2
    The pricing, the discounts, the promotion and the availability of such and/or stated in Masmeyer��s newsletters(if any), advertising and promotional collateral, or Masmeyer��s website pertaining to the Participating Projects may be changed, varied, suspended, terminated or withdrawn without prior notice by Masmeyer.
    3.3
    Masmeyer reserves the right to withdraw, suspend, terminate, substitute or vary any of the benefits and/or privileges under the Masmeyer "The Prestige" from time to time without prior notice, in which case, the Member shall not be entitled to any claims or compensation whatsoever from Masmeyer for any and all costs, losses or damages incurred or suffered by the Member, whether directly or indirectly.
    3.4
    In case of any dispute relating to the membership, benefits and/or privileges offered under the Masmeyer "The Prestige" Program, the decision of Masmeyer shall be absolute, final and conclusive.
    3.5
    Masmeyer shall not be liable for any loss or damage suffered by the Member due to any of the following reasons: -
    • any failure of the Member to entered into in order to enjoy the benefits and privileges offered under the Masmeyer "The Prestige" Program;
    • any benefits and/or privileges offered under the Masmeyer "The Prestige" not being available for any reason whatsoever;
    • any failure to notify the Member of any variation in the terms and conditions stated herein and/or under the Masmeyer "The Prestige" Program;
    • the suspension and/or termination of the Masmeyer "The Prestige" Program;
    • the suspension and/or termination of the membership of a member; and
    • any breach of the terms and conditions of the Masmeyer "The Prestige" Program.
    3.6
    Masmeyer reserves its sole and absolute right:-
    • to add, delete, vary or amend the terms and conditions stated herein and/or under the Masmeyer "The Prestige" at any time without prior notice and assigning any reason whatsoever;
    • to withdraw, suspend or terminate the Masmeyer "The Prestige" at any time without prior notice and assigning any reason thereto. Upon the said withdrawal, suspension or termination, Masmeyer shall have no obligation to extend any benefits and/or privileges under the Masmeyer "The Prestige" to the Members;
    • to decline any requests for transfer of membership, combine of membership, any other requests pertaining to the Masmeyer "The Prestige" Membership at any time without prior notice and without assigning any reason thereto;
    • to process and utilize all information obtained from or under or pertaining to the Masmeyer "The Prestige" for those purposes as Masmeyer deems fit and the Member and/or the non-Member and/or any other third parties introduced by the Member who has purchased Masmeyer Property shall be deemed to have consented to Masmeyer of the same. Masmeyer shall rely on the Member to have sufficiently obtained the prior consent of such third parties to allow Masmeyer to process their personal data.
    3.7
    The Member shall notify Masmeyer in writing of any updates or change of address or any other contact information to enable Masmeyer to notify the Member of any information or updates on Masmeyer "The Prestige" Program.
    3.8
    For the benefits and privileges offered by the participating merchants (if any), Masmeyer merely provides a platform to Masmeyer "The Prestige" members to enjoy the privileges and benefits of the products/ service of the said merchants; the participating merchants merely an independent contractor. Neither the relationship between the Masmeyer and the participating merchants will create or constitutes partnership, a joint venture or an agency relationship and Masmeyer shall not be held responsible and liable in any manner whatsoever for any implications of the services/ products provided by the participating merchants.
    3.9
    Whilst every effort has been taken to ensure the accuracy and completeness of the terms and conditions of Masmeyer "The Prestige" Program, Masmeyer shall take no responsibility and liability whatsoever and however arising for any inadvertent omissions, errors, misrepresentations, data loss and incomplete information and expressly disclaim any liability whatsoever for any loss, distress and inconveniences arising from or in reliance upon the whole or any part of the contents of the Masmeyer "The Prestige" brochure, leaflet, banner, forms, terms & conditions and any information or documents whatsoever relating to Masmeyer "The Prestige" Program.

4. Purpose of "The Prestige"

  • For the purpose of this letter, "Masmeyer" is referring to Masmeyer Holdings Sdn. Bhd. which includes its subsidiaries, associates, affiliates and/or members within Masmeyer's group of companies.
Last update 01.02.2015