Property For Sale in Hua Hin

Beautifully situated only 300m from the Beach!

Benefits

• Ocean view condos only 300m from the beach and a short drive to the city center
• Over 50% of the resort is dedicated to landscaped gardens and pool areas
• Wide range of units depending of the lifestyle you seek and your financial objectives
• Good value for a sound investment

Property and pricing

• 12 storey building offering stunning sea views
• 182 Apartments: Large Suite to 3 bedrooms
• 46 to 198 sqm total living area including balconies
• Closely located to the airport and the city center


• Prices starting at:

Suite – 46 sqm	1,989,500 THB	38,260 EUR	62,175 USD
2 bedroom – 91 sqm	3,640,000 THB	70,000 EUR	113,750 USD
2 bedroom – 106 sqm	4,346,000 THB	83,580 EUR	135,815 USD
3 bedroom – 137 sqm	8,220,000 THB	158,080 EUR	256,875 USD
3 bedroom – 152 sqm	9,120,000 THB	175,385 EUR	285,000 USD
3 bedroom + maid room – 183 sqm	11,895,000 THB	228,750 EUR	371,720 USD
3 bedroom + maid room – 198 sqm	12,870,000 THB	247,500 EUR	402,190 USD
Indicative Exchange Rate: 1 EUR = 52 THB / 1 USD = 32 THB. All prices quoted in Thai baht

Further details about the property

• 13,000 sqm of gated property with luxurious tropical gardens
• Amazing views of the sea
• Apartments fitted with contemporary interior designs
• Resort facilities include: 2 swimming pools, fitness center, restaurant and pool bar
• The property is located next to the Hua Hin Dusit and Sheraton resorts
• Construction started with completion due by: Q3 2009

Financial incentives

• Rental program available
• Projected capital appreciation: at least 9% per year over time
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Location & Surroundings

• Hua Hin is home to His Majesty the King’s residence and therefore perfectly safe
• The project is only 10 minutes away from the animated city center
• Nestled just a few hundred meters from the Palm Hills Golf Course
• Benefit from the close proximity to Bangkok and grow rental revenues (3 lane highway soon to be completed)
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Payment terms - Additional purchase costs - Ongoing costs - Legal matters

• Payment terms:
  Reservation Fee: 20,000 THB (400 EUR – 625 USD). 3 week deadline to return all properly executed legal documents along with full down payment. Further stages of payment will be reached as construction progresses.
  
  
• Additional costs:
  Transfer & Registration Fee: 0.01% based on the purchase price for freehold units. 1.10% 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: 300 THB per sqm.
  
  
• Ongoing costs:
  Monthly Maintenance Fee: 30 THB per sqm approximately. To be paid one year in advance.
  
  
• Legal matters:
  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.