1 bedroom apartment in Patong Hill

This project is a condo development located in Patong, Phuket. It is 1.7km from the beach with 270 condo units across 2 floors completed in December of 2015. It is hotel-managed and features an on-site restaurant, a swimming pool, a communal jacuzzi, a fitness center, a bar, a clubhouse, 24-hour security, CCTV, a reception/lobby area, a shuttle to the beach, a kids’ club, car parking, a spa, a steam room, a sauna. The Tropical Modern resort nestled in Nanai Hill is a highlight of Patong Bay, presenting panoramic views the pearl of Andaman sea from the hotel side. Together with the concept of modern style hotel catering, exclusive accommodation surrounded by green landscape and natural gardens.

Sea View and Garden View apartments, fully furnished including kitchen and appliances. No maintenance fee, no utilities to be paid for the whole rental guarantee period. No sinking fund to be paid. Registration taxes shared 50%-50% between Buyer and Seller.

Rental guarantee conditions:
Special promotion 7% NET (subject to WHT) rental guarantee (NO monthly fee, NO electricity, NO water, NO maintenance, NO sinking fund…) for the first 15 years paid in advance. Buy Back option: after 10 years at initial price. After 15 years possibility of renegotiating a new rental guarantee period.

Payment Terms: COMPLETION DATE DECEMBER 2020.
200,000 baht reservation deposit + 10,000 baht for lawyer fees.
55% at contract signature within 30 days from signing the reservation agreement. 25% upon completion of lock-up stage. 20% (minus deposit) upon unit keys handover.