This project is the latest phase of a residence located right in the heart of Patong at only 10 min walk to the famous Patong Beach.
The development consists of 144 contemporary style units with a modern open plan layout spreaded over 8 floors offering 2 different unit types: 1 bedroom with garden access on the ground floor (42 sqm) and 1 bedroom with 34 sqm of living area on the other floors. Most of the units are garden view, city view and mountain view. The construction is scheduled for completion in November 2023. The development comes with an interesting and safe investment program that includes buyback option at the end of the rental management program.
Patong the vibrant heart of Phuket that doesn’t sleep much. There you can do almost everything, beach, restaurant, bar, night club, massage, international show, boxing fights… all in a walking distance. Patong during high or low season is always very active and attractive.
Sale price: From ฿ 2,780,000
Rental guarantee conditions:
7% NET Rental Guarantee for 15 years (subject to WHT) will be paid yearly in advance (No maintenance fee, no utilities, no common area fee, no sinking fund for 15 years).
In a case of full payment before project completion Rental Guarantee 3.5% will be paid within 30 days from the final payment date. After unit handover 3.5% RG will be changed to 7%. The rental guarantee will be paid yearly in advance.
Between the 10th and 15 th year of the program, the buyer can proceed to a buyback option at the selling price.
Owner Benefits: Possibility for the owner to use the apartment for 4 weeks in low season or 2 weeks in high season and 2 weeks low season, free from the costs for electricity, water and monthly fee.
Updated on July 12, 2020 at 10:46 pm