Modern and stylish project offers an opportunity to own a one-bedroom apartment in Phuket that ensures a guaranteed return on investment. Situated in the Patong Hills, the development is home to 199 one-bedroom apartment units spread across 4 buildings, all within close proximity to the hustle and bustle of Patong Beach.
The Project
It will feature 199 units spread across 4 buildings. The one-bedroom apartments are contemporary in design, featuring 45 square meters of space. Patong Bay Hill Phase 2 has a chic, modern design in an ideal location. The one-bedroom apartments are all open plan. They are fully furnished, including a functional kitchen as well as appliances. The open plan design allows for ample space in the kitchen, living, and dining areas. The Pool View and Garden View apartments are 45 square meters and ideal for anyone looking to invest in the Patong neighborhood. In the middle of the 4 buildings, there will be a common area swimming pool for owners to enjoy. The rooftop swimming pool is sure to entice those look to enjoy the epic views from the project.
The project is located on the outskirts of the famous tourist destination of Patong. Considered to be one of Phuket’s best neighborhoods, the apartments are tucked away in a serene location, but the excitement of Patong Beach is just moments away.
Safe Investment with Guaranteed Return
This prime real estate investment, with stunning sea views of Patong, comes with a 7% NET rental guarantee for the next 15 years. The enviable location is close to Patong Beach, which gets a high share of the rising numbers of tourists to Phuket annually. Phuket tourism revenue grew 6% to over B272 billion in 2019 alone, while the Phuket International Airport had a 10% revenue growth during the same year. Year-on-year monthly arrivals were up 8% at the end of December 2019. Competition in this idyllic area is limited.
Purchase Conditions
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 buy-back option and receive back all the money paid.
After 15 years possibility of renegotiating a new rental guarantee period.
Payment Terms
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
Owner benefits
- 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.
