Modern 1 BR Appartment in Patong

This modern appartment in Patong is part of a newly luxury residence set on Patong hills, fully furnished including kitchen and all appliances.

With a breathtaking pool or garden view, each unit is 45 Sq.m with a one bedroom layout in a contemporary design, making sure you got the room for yourself,  so you can relax and enjoy Phuket to its fullest.

On top of that, due to being nestled in the heart of Phuket, you also have many close-by opportunities to enjoy this island. No matter if you’d like to go shopping, just lay at the beach, or if you just want to go on a hiking trip, you’ll always be sure to know that you can later return to your state-of-the-art apartment.

As the owner of your very own luxury apartment in Phuket, you have the possibility to use the unit 4 weeks in low season, or 2 weeks in high season and 2 weeks in low season, with no added cost for electricity, water or monthly fees.

The project offers a special Rental guarantee program with a 7% net guarantee including no monthly fees, electricity, maintenance and sinking fund cost, and if you pay in full during construction, you will receive a 3.5% within 30 days from final payment and then 7% for 15 years after hand-over date.

Special Conditions

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.

Buy Back Option:
available from year 10th to 15th at the original price counted from Closing 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

Option 1 If pays 50% within 30 days from Reservation, Buyer will receive 3.5% return within 30 days.
Option 2 (5 units ONLY) If pays 100% within 45 days from Reservation, Buyer will receive 7% return within 30 days from full payment.

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.