SAFE RETURN OF GUARANTEED INVESTMENT
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. The sea view apartments that comprise Patong Bay Seaview Residences are modern and contemporary, yet located within close proximity to all of the touristic attractions of Patong. Located on the outskirts of the Patong Beach neighborhood, the beach, entertainment, shopping and nightlife options that Patong offers are just a few minutes away.
Purchase Conditions
Rental guarantee 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 the 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