An exciting new development commanding fantastic sea views. This beautiful Condominium project is located on a hill overlooking Patong Bay. With a completion date set for 2019, the development offers modern units of 35 square meters.
The development has been met with spectacular success. There are only a few remaining units left, further highlighting what a wonderful investment this is in Phuket. Brought to you by one of the most respected and well known developers, is an ideal investment in Phuket. The hillside location with close proximity to the beach is a holiday home owner’s dream come true. The environment is lush and tropical as well as quiet and relaxing. The project includes a fully functional clubhouse facility, gym, spacious common area with a swimming pool in addition to a wellness center and a spa. There is a restaurant conveniently located on the premises serving Thai and international cuisine as well.
Rental guarantee conditions: Special promotion 7% NET (subject to WHT) rental guarantee (no monthly fees, no electricity, no maintenance, no sinking fund…) for the first 15 years.
The rental guarantee will be paid every year in advance. The first rental guarantee will be paid by the Seller to the Purchaser within 30 days from the final payment and key handover.
Buy Back Option 10-15 years from the closing date buyer may apply for the buyback option and receive back all the money paid. After 15 years possibility of renegotiating a new rental guarantee period.
Payment Terms: 200,000 Baht reservation deposit
40% upon signing the Purchase Contract within 30 days from the signature of Reservation Agreement. 20% upon completion of infrastructure.
15% upon building foundation completion
15% upon building structure completion 10% (minus deposit) upon keys handover Owner benefits:
– Possibility for the Owner to use the unit 4 weeks in low season or 2 weeks in high season and 2 weeks in low season, free from the costs of electricity, water and monthly fee. The Owner can also obtain the Unit usage rights during Peak Season upon pay compensation equal to 50% of the official rental fee.
– Free daily shuttle service to the beach is included. Discount on tours bookings and Residence Restaurant and Spa prices will be offered.