Homebase Stable Buyout Product Guide

Homebase HomeBuyer
Stable Buyout
product guide
Owning a home has always been a central part of the Vietnamese
narrative. It can be a great investment for the future, a way to build
wealth, and for many, a place to raise a family. Yet today, this dream
is more difficult to achieve than ever before.
Whether you’re carrying burdensome debt, stuck paying sky-high

rents, or simply faced with daunting home prices driven up by
limited availability—it’s a challenge to get your foot through the door.
Contents
01 Company profile
09 Market insight & analysis
12 Homebase’s Stable Buyout product
17 Sample ownership calculations
+84 94823 0033 | hello@gethomebase.com
Company profile
About Homebase
Mission, Vision, and Values
Homebase in the news
Our products & services
About Homebase
Since its founding in Singapore, Homebase is one
of Southeast Asia’s leading real estate technology
companies. We set out to reinvent life’s most
important transaction with a radically simple way
to own your home.
We’ve spoken with thousands of customers to
make their property ownership journey easier and
are backed by leading investors and partners
across the world.
Our vision is to actualize each and every
individual's dream of homeownership.
“We set out to
reinvent life’s
most important
transaction with
a radically
simple way to
own your
home.”
Company timeline
201 8 Founders saw lack of accessible
home financing in Vietnam due to

Helped first client Unlock Equity,
providing liquidity and unlocking
high rates and inflexible models equity for clients who already own  
a property
Homebase founded in Singapore Selected as the first company  

2019
with the mission of making home from Vietnam to be admitted to  
ownership accessible in SEA Y Combinator.
Closed funding round from Antler,
Iterative, and other investors with Funded first Sell to Homebase

2021
strong conviction to our vision transaction, helping sellers get
instant liquidity when they sell
Opened office in  
Ho Chi Minh City, Vietnam. Closed funding round from leading
global investors Goodwater Capital,
Partech, Emles, and others
Funded first Co-investment,  

2020
a better path to ownership with Funded first Free your Mortgage
greater flexibility and aligned transaction, eliminating the
financial interests constraints of a traditional mortgage
on selling and refinancing
Funded first 100% digital transaction

completely remotely Funded first Buy with Cash
transaction, allowing anyone to
make a cash offer and win their

Closed funding round from
dream home
VinaCapital Ventures, 1982 Ventures,
Class 5 Global and others
Backed by leading global partners and investors

03
The Homebase vision
To actualize each and

every individual's dream
of homeownership in
Southeast Asia
The Homebase mission
To empower
homeownership for
100,000 families
across Southeast Asia,
one family at a time.
The Homebase values
Hold the long-term view

We only do that which upholds the trust, pride, and confidence in our
company in the long run, and avoid myopic and short-term thinking at all
costs. We strive to build long-lasting relationships with our employees,
partners, and clients based upon the strongest foundations of integrity  
and trust.
Own it
We hold an ownership mindset in everything that we do and take
accountability for all the outcomes we produce. Regardless of seniority, we
lead by example, demonstrate persistent proactiveness, and maintain
unshakable self-discipline. We seize the initiative to identify opportunities,
improve processes, and implement solutions.
More together
We champion the belief that "the whole is greater than the sum of the parts"
by directing our collective energy to achieve the extraordinary. By coming
together as one team, we create more success for the company, our clients,
and for one another.
Excellence pursued relentlessly

We continuously push boundaries of what's possible to define the new
standard of excellence in our industry. We endeavor for constant growth and
improvement as we strive towards consummate professionalism, defined by
world-class standards, in every small action, at every moment in time.
Serve customers hết sức

We obsess over serving our customers to the absolute best of our abilities
(Vietnamese: hết sức). We always seek to identify our clients' unique needs,
cultivate authentic relationships, and deliver innovative solutions specifically
adapted to their success.

06
Our products and services
Ownership, Unlocked
Homebase’s products and services operate across
the entire stack of homeownership and transform
the traditional ways of buying, selling, and owning
your home.
Buy with Buy with Cash Homebase HomeBuyer

Homebase Turn any offer into an all-cash offer.
The new, flexible path to owning
your dream home.
Pay any seller in cash immediately

at the notary date to lock in your Fully buy out whenever you’re
home. Repay Homebase back later ready, or walk away and cash out
when your financing arrives. your savings.
Own with Free Mortgage to Refinance Unlock Equity

Homebase Title stuck in a bank preventing you Unlock home equity from a home
from refinancing your property?
you already own, without having
to sell.
Free your mortgage with Homebase

and take control of your finances. Get cash today to pay off debt or
renovate your home, and still be
able to live or rent out your
current property.
Sell with Free Mortgage to Sell Sell to Homebase

Homebase Title stuck in a bank preventing you Sell your property to us and
from refinancing your property?
we’ll take care of the rest.
Free your mortgage with Homebase Get an all-cash offer on your

and expand your options. property and get paid as soon
as you’re ready to move out.
No listings, agents, or
showings needed.

07
Homebase in the news
Owning a house in Vietnam is no longer a distant dream, thanks to Homebase
"The arrival of Homebase has changed things for the better in the country. The startup offers
an innovative solution — it helps you own a house by becoming a co-investor in purchasing
the house."
Vietnam-based real estate platform receives "seven-digit" funding

"Homebase has just successfully raised capital in the Series A round. Investors participating in
the funding round include VinaCapital Ventures, Class 5 Global venture capital fund, Pegasus
Tech Ventures, 1982 Ventures and Antler. Darius Cheung, founder and CEO of 99.co and a US-
based real estate technology company also provided funding."
YC-backed Homebase is an alternative to traditional mortgages for home

buyers in Vietnam
“Part of Y Combinator’s latest batch, Homebase was founded in 2019 to give prospective buyers
in Vietnam an alternative to traditional financing... Ultimately, Homebase’s goal is to enter other
Southeast Asian markets where home owners also face a dearth of financing options, like
Singapore, Thailand and Indonesia.”
Vietnamese startup that co-invests in homes secures funds for

regional expansion
"Homebase has raised an undisclosed amount of pre-seed funding from early-stage venture
capital firm and startup generator Antler, Iterative VC, several strategic angel investors, and Brian
Ma, co-founder of US-based alternative home ownership startup Divvy Homes."
Vietnamese Innovator: Proptech Startup Homebase Seeks To Shake Up Real

Estate Buying In Vietnam
"We're proud to be one of the region's fastest growing companies, disrupting a traditional trillion-
dollar industry, and backed by some of the world's leading VC's and prominent Angel investors.
We want to continue to rapidly scale, develop amazing technology, build out a rockstar team, and
change people's lives."

08
Market insight
& analysis
The Vietnam story
Real estate in Vietnam

Vietnam market analysis
Vietnam’s incredible growth story
Vietnam’s growth story is among the world’s
most exciting in the 21st century. The macro
performance observed in the last 30 years
portrays a strong, resilient, and very prominent
growth trajectory, with Vietnam's overall GDP per ~7.0% 4th
capita having increased almost 10x in the past
20 years.
GDP avg annual Largest economy
growth rate in SEA
Prior to the Covid-19, Vietnam’s nominal GDP in
2019 reached 261.9 billion USD, the 4th largest
in Southeast Asia.
Over the last several decades, Vietnam has Morever, such rapid progression is projected to
experienced incredible progress despite even further accelerate in the coming years.
historical turmoil and instability.
Vietnam often draws close comparisons

The country has successfully pulled more than culturally and economically to China and it’s
45 million people out of poverty, and has incredible development over the last decade,
become the one of the largest economies in making Vietnam perhaps the largest breakout
Southeast Asia within less than half a century winner of Southeast Asia’s rapid growth in the
since the Vietnam War came to an end. coming decades.
VN macro performance 1989 - 2020 $8,600
GDP per capita (USD) GDP growth rate (%)
~7% on average
$924
1989 2020

10
Vietnam market analysis
The “Pearl” of economic development - Real estate in Vietnam
Throughout Vietnam’s economic development,
real estate has been and continues to be one of
the most dynamic and vibrant industries in the
country. The Vietnamese property market is 90% 2nd
extremely high-growth, high-potential, and is
Homeownership   Largest magnet  
among the world’s fastest growing residential
rate for FDI in 2019
real estate markets.
Culturally, Vietnam has one of the world’s highest affinities to

property ownership, with historical home-ownership rate
exceeding 90%.
16.1%
Moreover, with 22% YoY average apartment prirce growth in Ho
Chi Minh City in 2019 alone, Foreign Direct Investment (FDI)
through capital contribution and share purchase for the real
estate market increased at a whopping 235%.
With real estate prices continuing to resiliently increase despite

ripple effects of Covid-19 throughout 2020, residential real estate
in Vietnam is expected to grow at a CAGR of more than 15% in
the forecast period of 2020-2025, indicating one of the most Real estate contribution
exciting times for the Vietnamese market. to FDI in Vietnam in 2019
20%+
Sky-rocketing home prices
22 years
Takes longer than two decades
70%+
Nascent financing market with
with 22% YoY average price for the average person to save most (70%+) purchases still
growth in Saigon for Q1’19 up for their first home done in cash

11
About
Homebase’s
Stable Buyout
product
How it works
Why this works

Homebase HomeBuyer
Homebase’s HomeBuyer creates an accessible and flexible pathway to
owning a home in Vietnam.
Homebase can co-invest up to 90% of the home that you are buying, and
tailor a bespoke payment plan to your needs that allows you to build up or
maintain the same amount of ownership over time, and buy the home from
us whenever you’re ready, or walk away and cash out your savings.
What this product solves
Property prices in Vietnam are skyrocketing - making homeownership more

and more difficult. Moreover, the process of getting financing often comes
with very strict rules on the customer's financial background and nationality
from banks, as well as rigid and expensive rates on a monthly basis.
Why is Homebase better than traditional options?
Homebase’s HomeBuyer solutions offer you the following advantages over

the traditional options in the market:
Traditional options Homebase HomeBuyer
Eligibility Vietnamese citizens with stable Clients are eligible regardless of

employment and income, under the age nationality, age, income, and type of
of 65 employment
Amount Up to 70% of the property value Up to 90% of the property value
Deposit amount At least 30% of the property value As little as 10% of the property value
Monthly payment Your monthly payment consists of Pick from flexible alternatives - have the
2 compulsory portions: principal option, but not obligation to buy back
and interest equity. Save up to 75% each month vs.
traditional bank options.
Appreciation No option to reduce rates based on Get the flexibility to trade off capital
splitting of property appreciation appreciation for lower rates

13
Product Types
Homebase offers four types of HomeBuyer plan configurations that allow different customizations
between rates, amount of equity bought back, and sharing of capital appreciation. They are as follows:
Fixed Buyout Stable Buyout
Fixed Buyout allows you to build towards Stable Buyout allows you to build towards
100% ownership of your property over 100% ownership of your property over the
the contract term - with the same amount contract term - with the same total
of ownership buyback in every monthly payment amount every month.
payment.
HB Portion: Up to 90%
HB Portion: Up to 90% Approximate amount: No limit
Approximate amount: No limit Contract term: Up to 10 years
Contract term: Up to 10 years Customer appreciation share: 100%
Customer appreciation share: 100%
For clients who want full ownership with
For clients who want full ownership with equal total monthly payments
equal monthly equity buybacks
Flexible Buyback Co-Investment
Flexible Buyback allows you to maintain Co-investment allows you to co-invest

any percentage of ownership in your alongside Homebase and share the
property - with the option, but not property appreciation, pro rata, based on
obligation, anytime, to buy back additional our fair portions of ownership. In the
ownership in the property, locked in the meantime, only pay a monthly financing
original price. fee on the portion that you do not own, and
have the option to buy back additional
HB Portion: Up to 90% homeownership at any time.
Approximate amount: Maximum 4B
VND/property HB Portion: Up to 90%
Contract term: Up to 10 years Approximate amount: No limit

Customer appreciation share: 100% Contract term: Up to 10 years
Customer appreciation share: Pro rata
For clients who want a ”rent-only” portion of the appreciation
structure with full equity upside
For clients who want to co-invest with
shared risk and pro-rata appreciation

14
How Stable Buyout works
Based on your needs, Homebase can co-invest up to 90% of the value of the home
you are buying. The principal amount determines our initial investment in your
property. Homebase will help share the total cost, while you get to enjoy all the
benefits of a full-fledged homeowner and all the capital gains of an investor.
In the meantime, we only charge a flat fee as low as 8.3% yearly based on the
amount you still owe us. This fee is payable every month until you fully own 100% of
the property!
Property & developer

Supporting amount
Any type of property Maximum 8 billion VND/property.
Duration
Cost and pricing
Up to 10 years. Annually: As low as 8.3% (inc VAT)

paid in monthly installments.
LTV
At the end: You own 100%
Up to 90% of the property value. ownership of the property.
If you decide to sell before the term

ends, we will split the proceeds
based on the pre-agreed payment
schedule.

15
Why this works
Homebase helps you buy the home you want to move in/rent out from the first
day.
Easy payment schedule with the same amount due every month.
Manage your personal finances and balance your cash flow with a stable, fixed
monthly payment.
If the value of the home increases, you get to keep all of the proceeds.
The next page is meant to demonstrate how a typical homebuying process would proceed
under Homebase's stable buyout plan.
If you are curious to learn more, just ask!

16
Sample
ownership
calculations
70% Homebase Portion
50% Homebase Portion
Other details
70% Homebase
portion
When you buy with an initial 70% Homebase co-investment ...
Purchase price 4,000,000,000

Principal amount 2,800,000,000
Term (months)
36
Flat fee per year (%) 8.3%
Total flat fee (inc. VAT) 697,2000,000
Total repayment (principal + fee) 3,497,200,000

Monthly repayment (inc. VAT) 97,144,444
You decide to purchase a 4B VND home, and want to put down 30%
initially. Homebase can help co-invest 70% of the value of your home. You
will pay the same amount every month to gain full ownership of your
property at the end of 36 months.

18
Acquire full ownership over 3 years
Month Outstanding balance Repayment
0 3,497,200,000
1 3,400,055,556 97,144,444
35 97,144,444 97,144,444
36 0 97,144,444
Outstanding balance = Balance from the previous month - Repayment of the current month.
The monthly Outstanding balance is the Balance from the previous month minus the
Repayment of the current month.
What happens when you need to exit the plan before the end of the
term?
You can decide to exit at any time!
If you do decide to terminate the contract prior to the end of the term, you will only
need to pay us the Outstanding Balance for that month.
Example: If you decide to exit at Month 35, and we decide to sell the property, you
will only need to return 97,144,444 VND in total to Homebase.

19
50% Homebase
portion
When you buy with an initial 50% Homebase co-investment ...
Purchase price 4,000,000,000

Principal amount 2,000,000,000
Term (months)
36
Flat fee per year (%) 8.3%
Total flat fee (inc. VAT) 498,000,000
Total repayment (principal + fee) 2,498,000,000

Monthly repayment (inc. VAT) 69,388,889
You decide to purchase a 4B VND home, and want to put down 50%
initially. Homebase can help co-invest 50% of the value of your home. You
will pay the same amount every month to gain full ownership of your
property at the end of 36 months.

20
Acquire full ownership over 3 years
Month Outstanding balance Repayment
0 2,498,000,000
1 2,428,611,111 69,388,889
35 69,388,889 69,388,889
36 0 69,388,889
Outstanding balance = Balance from the previous month - Repayment of the current month.
The monthly Outstanding balance is the Balance from the previous month minus the
Repayment of the current month.
What happens when you need to exit the plan before the end of the
term?
You can decide to exit at any time!
If you do decide to terminate the contract prior to the end of the term, you will only
need to pay us the Outstanding Balance for that month.
Example: If you decide to exit at Month 35, and we decide to sell the property, you will
only need to return 69,388,889 VND in total to Homebase.

21
For enthusiastic first-time real estate investors like us, Homebase was the key to
unlocking access to capital and demystifying the complicated Vietnamese land
ownership process.
After a straightforward paperwork process, during which a Homebase

representative did all the heavy lifting and dealt directly with the developer, we
transferred some money into Vietnam from our US account and paid the
deposit. Within a few days the transaction was complete.
No matter who you are or what motivates you to go down the path of
homeownership, Homebase seeks to not only make it easier to facilitate a
purchase, but also acts as a guide to making the right choices."
- Chau | Homebase Client

22
Other details
FAQs
What is the maximum portion that Homebase can support under Stable Buyout?
Homebase can support up to 90% of the property’s value, regardless of the price
tag. The contract term can last up to 10 years, with an option to extend at the
end.
How do I split the capital appreciation with Homebase under Stable Buyout?
Under Stable Buyout, you are entitled to 100% of all future property appreciation.
Can I buy out additional equity from Homebase?

Definitely! You have the flexibility to buy out more equity at any point during
the contract.
Don’t see a question that you have listed here? 

We’re happy to help - contact our team today!
This product is for you if:

You want a knowledgeable co-investor who can do due diligence on your property and
help you acquire your dream home .
You want a stable and cheaper monthly payment for the first few years of your home-
ownership journey.
You want a consistent payment scheme every single month that allows you to plan
your budget ahead of time and manage your cash flow.
You want to have rates that are fixed and certain, instead of floating, contingent on
market performance.
You want a flexible ownership option that allows you to buy back more equity at any
time.
At Homebase, we’re committed to making our ownership plans work for you. If
there’s a specific term you’re concerned about, please let us know and we’ll do our
best to find a solution!

23
Questions? Concerns?
Want to learn more about Homebase?
Visit www.homebase.com.vn or or contact us at hello@gethomebase.com to learn more.
At Homebase, we’re committed to transparency and education in all aspects of our business.
Whatapp/Zalo: +84 94823 0033
hello@gethomebase.com
©2021 Homebase Management Vietnam Company Limited. All rights reserved. Homebase HomeBuyer Agreements and Homebase
HomeOwner Agreements are provided exclusively by Homebase PTE. Certain restrictions apply. “Homebase” is a trademark of Homebase
PTE. Homebase expressly reserves the right to modify, change, or waive certain terms and conditions on which a HomeBuyer Agreement
may be offered, in its sole discretion, to the extent permissible by law. Information, policies, and procedures described in this Program Guide
are subject to change without notification. Homebase is an independent investor and is not affiliated with any bank or lender.

Homebase Stable Buyout Product Guide

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Homebase Stable Buyout Product Guide

Uploaded by

Copyright:

Available Formats

Homebase HomeBuyer

Whether you’re carrying burdensome debt, stuck paying sky-high

09 Market insight & analysis

12 Homebase’s Stable Buyout product

17 Sample ownership calculations

+84 94823 0033 | hello@gethomebase.com

Since its founding in Singapore, Homebase is one

of Southeast Asia’s leading real estate technology

companies. We set out to reinvent life’s most

important transaction with a radically simple way

to own your home.

We’ve spoken with thousands of customers to

make their property ownership journey easier and

are backed by leading investors and partners

across the world.

Our vision is to actualize each and every

individual's dream of homeownership.

“We set out to

201 8 Founders saw lack of accessible

home financing in Vietnam due to

Homebase founded in Singapore Selected as the first company

ownership accessible in SEA Y Combinator.

Closed funding round from Antler,

Iterative, and other investors with Funded first Sell to Homebase

instant liquidity when they sell

Ho Chi Minh City, Vietnam. Closed funding round from leading

global investors Goodwater Capital,

Partech, Emles, and others

Funded first Co-investment,

greater flexibility and aligned transaction, eliminating the

financial interests constraints of a traditional mortgage

on selling and refinancing

Funded first 100% digital transaction

make a cash offer and win their

Backed by leading global partners and investors

+84 94823 0033 | hello@gethomebase.com

To actualize each and

Hold the long-term view

Excellence pursued relentlessly

Serve customers hết sức

+84 94823 0033 | hello@gethomebase.com

Buy with Buy with Cash Homebase HomeBuyer

Pay any seller in cash immediately

Own with Free Mortgage to Refinance Unlock Equity

Free your mortgage with Homebase

Sell with Free Mortgage to Sell Sell to Homebase

Free your mortgage with Homebase Get an all-cash offer on your

+84 94823 0033 | hello@gethomebase.com

Vietnam-based real estate platform receives "seven-digit" funding

YC-backed Homebase is an alternative to traditional mortgages for home

Vietnamese startup that co-invests in homes secures funds for

Vietnamese Innovator: Proptech Startup Homebase Seeks To Shake Up Real

+84 94823 0033 | hello@gethomebase.com

The Vietnam story

Real estate in Vietnam

historical turmoil and instability.

Vietnam often draws close comparisons

VN macro performance 1989 - 2020 $8,600

GDP per capita (USD) GDP growth rate (%)

+84 94823 0033 | hello@gethomebase.com

Culturally, Vietnam has one of the world’s highest affinities to

With real estate prices continuing to resiliently increase despite

+84 94823 0033 | hello@gethomebase.com

Why this works

Homebase founded in Singapore Selected as the first company  

Funded first Co-investment,  

Don’t see a question that you have listed here? 