Expected return on investment of over 30% by completion of mid 2008.
Management will provide a Holiday Rental Program for those owners who wish to rent their property to holidays guests, in order to defray their costs or gain income from their investment.
Return above the norm could be expected: 8% yield with 50% occupancy rate only,!!! The average occupancy rate in Hua Hin amounts to about 85%, the highest of all Thai resort areas.
GOLFING PARADISE
RENTAL YIELD ASSUMPTIONS COULD BE EXPECTED
RENTAL YIELD ASSUMPTIONS COULD BE EXPECTED
Type |
2 Bed Apartment |
2 Bed Apartment |
Villas |
||||||
|---|---|---|---|---|---|---|---|---|---|
Baht |
USD |
Euros |
Baht |
USD |
Euros |
Baht |
USD |
Euros |
|
Purchase Price |
6.6 mil |
188,571 |
146,667 |
12.8 mil |
365,714 |
284,444 |
18 mil |
514,286 |
400,000 |
Rental/Day |
3,500 |
100 |
78 |
5,500 |
157 |
122 |
8,000 |
229 |
178 |
25% Occupancy |
319,375 |
9,125 |
7,097 |
501,875 |
14,339 |
11,153 |
730,000 |
20,857 |
16,222 |
Gross Yield |
4.8% |
4.8% |
4.8% |
3.9% |
3.9% |
3.9% |
4.1% |
4.1% |
4.1% |
50% Occupancy |
638,750 |
18,250 |
14,194 |
1 mil |
28,679 |
22,306 |
1.46 mil |
41,714 |
32,444 |
Gross Yield |
9.7% |
9.7% |
9.7% |
7.8% |
7.8% |
7.8% |
8.1% |
8.1% |
8.1% |
75% Occupancy |
958,125 |
27,375 |
21,292 |
1.5 mil |
43,018 |
33,458 |
2.19 mil |
62,571 |
48,667 |
Gross Yield |
14.5% |
14.5% |
14.5% |
11.8% |
11.8% |
11.8% |
12.2% |
12.2% |
12.2% |
If you compare with the Springfield room rates below, the rates for assumptions are very conservative.
Springfield is the only golf course facility in the area that is worth considering for comparison at this time.
The information provided is not a commitment.
NB : PRICES ARE QUOTED IN THAI BAHT. AT PRINT USD = 35.0 BAHT / EURO = 45.0 BAHT
Room rates for Springfield for comparison
01 November 2006 - 30 April 2007 |
|||
Room Type |
Weekday |
Weekend |
Long Weekend |
Deluxe |
6,000 |
6,000 |
7,000 |
Junior Suite |
8,500 |
8,500 |
9,600 |
Grand Junior Suite |
9,500 |
9,500 |
10,600 |
Deluxe Cottage |
12,000 |
12,000 |
14,000 |
Junior Suite Cottage |
17,000 |
17,000 |
19,000 |
Family Suite |
18,000 |
18,000 |
19,200 |
Extra bed |
800 |
800 |
800 |
01 May 2007 - 31 October 2007 |
|||
Room Type |
Weekday |
Weekend |
Long Weekend |
Deluxe |
5,000 |
5,000 |
6,000 |
Junior Suite |
7,500 |
7,500 |
8,500 |
Grand Junior Suite |
8,500 |
8,500 |
9,500 |
Deluxe Cottage |
10,000 |
10,000 |
12,000 |
Junior Suite Cottage |
15,000 |
15,000 |
17,000 |
Family Suite |
15,000 |
15,000 |
18,000 |
Extra bed |
800 |
800 |
800 |
Note: THe above mentioned rates include a 10% charge and VAT.
