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Description

This modern Studio Apartment is part of a new residential developement in the heart of Kata village, on the West coast of Phuket island.

The design of buildings and aparments is made in a contemporary style. In construction and decoration used only materials of high quality. Everything is done to ensure that the subsequent operation is comfortable for living and highly efficient for investment.

All apartments are equipped with a full set of furniture, necessary appliances, bed lines and bathroom accessories. Apartments are ready to receive guests from the first day after agreement.

Advantages of the project

  • Location – 500 meters away from the beach, developed area facilities
  • Unique conception – more than 380 apartments, kids park, rooftop gardens
  • Completed buildings and 2 more buildings under construction
  • Rental program with 56% ROI – instant income already during construction works
  • Unit buyback option for fixed investment exit
  • Furniture and decoration packages are included in the price
  • Bonuses for customers like discounted accommodation in company residences

56% Rental Income

Rental program and apartment management in VIP KATA Condominium operates for 8 years and brings 7% income per annum to a customer. Value-added tax is deducted from rental income.

At the end of a rental program agreement further cooperation or agreement extension is discussed on a case-by-case basis.

Instant Rental Income

If customer purchases an apartment in new buildings of VIP KATA Condominium, he/she has an opportunity to receive income starting the next day after full advanced payment is done, even before construction is completed. In other words, if a customer decides to make a full advanced payment, his/her investment will bring income instantly after the payment is transferred to a company account.

Buyback Agreement

Agreement of buyback by a developer is signed together with a unit purchase agreement of VIP KATA Condominium. This agreement is signed by a customer optionally.

Unit may be bought-out by a developer at the end of a rental program (after 8 years). A customer has an opportunity to get 56% (7% per annum) rental return and plan investment exit with 100% unit price return.

Condominium unit buyback agreement implies obligatory unit sale to a developer in case customer signed this agreement. If at the end of a rental program customer planning to sell an apartment by himself/herself at market or extend rental program agreement with a developer, buyback agreement should be not signed.

Purchase Process

You can purchase an apartment distantly. However if a customer has an opportunity it’s better to visit developer’s office and construction site to estimate location, see completed buildings of the first phase and construction works of the second phase.

Apartment Reservation
After choosing apartment customer makes the first payment 100000 THB to the developer company bank account and gets a receipt of apartment reservation.

In most cases apartment reservation is made only after watching show-room and construction site.
After 100000 THB payment customer leaves Thailand and further agreement signing is made distantly.

Signing of an Agreement
– Preparation of purchase/sale agreement takes from a few days to 2 weeks, depending on how many amendments customer will make.
– After all preparations are done developer sends 2 signed copies to a customer by express mail.
– Customer signs 2 copies and sends 1 of them to Phuket9 office address.

Payment by an Agreement
After agreement is signed customer makes payment in accordance with payment schedule specified by an agreement.
After payment is received developer sends a receipt and agreement comes into force.

Rental Income
Depending on terms and conditions of rental program developer transfers % to customer’s Thai bank account twice a year.

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Detail

  • Property ID: c115
  • Price: from 3,698,000 THB
  • Property Size: 30 sqm
  • Year Built: 2020
  • Property Type: Apartments
  • Property Status: New Project

Floor plans

Type D - Studio

  • Size: 30
  • Price: 3 THB

Address

  • City: Kata
  • State/county: Phuket
  • Neighborhood: West Phuket
  • Country: Thailand

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