Rawai Sailing Retreat Phuket
, the pearl of the Andaman
Exclusive Beachfront Resort & Spa
A modern waterfront residence with great views of the nearby islands
A great investment opportunity delivering 6% rental income guarantee and 50% financing for up to 5 years!
Show units are now open for viewing.Phase one completed with full completion due by December 2008.
50% of the project is already sold. Discount on long-term lease units.
Benefits
High-end project featuring spectacular sea and island views
Mix of apartments, penthouses and exclusive beachfront lofts
Full 5-star facilities including a club house, swimming pool, fitness, spa, bar and restaurant
Contemporrary architecture and interior designs
Seaside living & A solid investment opportunity!
Property and pricing
36 Apartments: 1 and 2 bedrooms
124 to 190 sqm total living area including terrace
10 Penthouses: 1 and 2 bedrooms
204 to 322 sqm total living area including terrace
4 Beachfront Duplexes with private pool: 2 bedrooms
350 to 370 sqm total living area including terrace
4 Beachfront Lofts with private pool: 2 bedrooms
259 to 378 sqm total living area including terrace
Prices Starting at:
Apartment - 124 sqm
8,500,000 THB
163,465 EUR
265,625 USD
Penthouse - 204 sqm
17,503,185 THB
336,600 EUR
546,975 USD
Beachfront Duplex - 350 sqm
26,667,900 THB
512,845 EUR
833,375 USD
Beachfront Loft - 259 sqm
19,292,560 THB
371,015 EUR
602,895 USD
Indicative Exchange Rate: 1 EUR = 49 THB / 1 USD = 32 THB. All prices quoted in Thai baht
Further details about the property
Waterfront property with private beach
Villas fitted with high-end furnishings. Modern interior designs
Resort facilities include: Private sailing yacht, swimming pool, spa, fitness center, restaurant, bar and club house
Financial incentives
Net rental income of 6% guaranteed over the first 5 years
50% developer financing available over 5 years
Projected capital appreciation: at least 9% per year over time
Reservation Fee: 100,000 THB (2,000 EUR - 3,000 USD). 3 week deadline to return all legal documents property signed and make the first down payment. Futher stages of payment will be reached as construction progresses.
Additional costs:
Transfer & Registration Fee:
0.01% based on value of lease for long-term lease units. (Both the seller and the buyer equally share this cost) One time Sinking Fund Fee: 475 THB per sqm.
Ongoing costs:
Monthly Maintenance Fee: 55 THB per sqm approximately. To be paid one year in advance.
Legal matters:
Condominiums: The Development provides freehold 100% Foreign ownership and leasehold for condominiums. Pursuant to Thai property law, Foreigners may have a freehold ownership over a unit in a condominium. However, condominium units owned by a foreigner shall not exceed 49% of the total space of the condominium project. Other restrictions may apply. A non-Thai owner of a freehold condominium unit may transfer the property to other foreigners. The remaining 51% will be sold to foreigners with a registered 30-year leasehold title, which is allowed by Thai Law in the name of foreigners, renewable for two additional 30-year periods. Thai nationals or majority owned (51%). Thai Companies are allowed to possess freehold ownership on all units.
Disclaimer:
The information and figures presented above are believed to be accurate but cannot be guaranteed. They are intended for the purpose of projection and analysis and should not be used for the preparation of income tax returns.
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