1 bedroom condo 45 m² Phuket, Thailand

Limited quarantine-time promotion - price from 2.790.000 THB.

*100% full payment within 30 days from Reservation, the buyer can have 7% cashback during construction for 3 years. And 7%guarantee for 15 years will start after handover.

The Location

New Residence offers the perfect balance of what Phuket, Thailand has to offer. Lush tropical vegetation covers the surrounding area, serene sandy beaches within walking distance, and the vibrant heart of Patong is only a few steps away. The free shuttle bus will drop you in Patong where you can enjoy the markets, Jungceylon and Central Festival shopping mall, restaurants with cuisines from all over the world, and energetic nightlife or at Paradise Beach, which is the idyllic spot to relax the mind and body.  

The Layout

The Residence has a one-bedroom floor plan that is chic and modern.  The 45 sq.m. unit maximizes the space by using a square-shaped layout. The design is minimalistic with large windows and floor-to-ceiling sliding glass doors to allow natural light to cascade through the apartment and enhance the impressive views.   
The units

The apartments are spacious with sensational lighting. The fully furnished units display impeccable modern and stylish furniture and decorations to provide all necessary comforts in your dream holiday property. Each apartment enjoys a balcony with a private Jacuzzi and the ground floor apartments offer the ultimate relaxation experience with direct pool access.

Investment opportunities

The Residence offers an incomparable investment opportunity with a 7% NET rental guarantee for 15 years. There is a buyback option offered by the developer after 10 years that will guarantee the safety of your investment. Finally to assure your peace of mind, after 15 years there is the possibility of renegotiating a new rental guarantee period.

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 the possibility of renegotiating a new rental guarantee period.

On-site amenities and facilities

The Residence features a variety of on-site amenities and facilities to attend to all of your needs and desires. Owners will be able to enjoy parking, pool center, pool bar, conference room, state-of-the-art fitness center, luxury spa and wellness center, Mini Mart, and lobby with 24-hour security, along with restaurants that offer Thai and Western cuisines.

Payment Terms:

• 200,000 baht reservation deposit
• 35% upon signing the Purchase Contract within 30 days from Reservation Agreement
• 10% upon 90 days from the previous installment
• 15% upon completion of infrastructure
• 15% upon building foundation completion
• 15% 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.

- The owner can get a VIP member card and enjoy a discount in Paradise Beach.