Located on a stunning land parcel on the outskirts of Patong Bay, surrounded by tropical vegetation, the Residence overseen the whole Patong Bay and is walking distance to majors department stores and markets.
The Residence are essentially one bedroom apartment units sizes over 45 square meters. Modern design, the apartments are luxurious yet cozy. Fully furnished, the units open up to sweeping views across Patong Bay. The private, open-air jacuzzi is surrounded by magnificent nature and offers the chance to truly unwind and relax. Imagine enjoying a glass of champagne in your private jacuzzi on your balcony as the sun starts to fade across the bay … a tropical dream this inviting can become a reality if you purchase one of the unique cottages on the grounds of the Residence.
Completion date: 2022.
Facilities: common area swimming pool, gym, spa, restaurants and cafes as well as the clubhouse.
Rental guarantee conditions: Special promotion 7% NET (subject to WHT) rental guarantee (no monthly fees, no electricity, no maintenance, no sinking fund…) for the first 15 years. The rental guarantee will be paid every year in advance.
Buy Back Option: after 10 years from the closing date the buyer may apply for the buyback option and receive back all the money paid.
After 15 years possibility of renegotiating a new rental guarantee period.
200,000 baht reservation deposit
40% upon signing the Purchase Contract within 30 days from the signature of Reservation Agreement.
20% upon completion of infrastructure.
20% upon building foundation completion
10% upon building structure completion
10% (minus deposit) upon keys handover
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.