1 bedroom apartment in Patong Hill

This is a condo project by a well known trusted developer, located in Patong, Phuket. It has 199 condo units and is scheduled for completion on December 2021.

Lease right: 90 years leasehold.
Registration taxes shared 50%-50% between Seller and Buyer.

Rental guarantee conditions: 7% NET (subject to WHT) rental guarantee (no monthly fees, no electricity, no maintenance, no sinking fund…) for the first 15 years. After 15 years possibility of renegotiating a new rental guarantee period.
Note: In case client pays in full during construction he will get 3.5% within 30 days from final payment and then 7% for 15 years after hand over date.

Buy back option: available at from year 10th to 15th at the original price Buyback year will be counted from Hand over date.

Payment Terms: COMPLETION DATE JUNE 2021
200,000 baht reservation deposit +10 000 THB lawyer fee
40% upon signing the Contract within 30 days from the date of Reservation Agreement.
20% upon completion of infrastructure.
20% upon building foundation completion
10% upon building structure completion
10% (minus deposit) upon handover