We are proud to finally enter the third phase of our Patong Bay Residence project, located in the heart of Phuket’s entertainment and tourism area! This upcoming project will set a new standard for affordable holiday residences, with an estimated completion date of 2023.
Phuket has been flourishing for years and demand in Real Estate has been growing exponentially since. Properties like these will not stay on the market for long, so now is the best time to buy.
Each unit is a dream come true
Each fully furnished 1 bedroom unit will be 34 m² in size in a modern contemporary style. Even the open-plan kitchen, living and dining area will live up to the modern western standards that are in such high demand at the moment.
Each unit comes with its own balcony, each with a beautiful view over the Patong Bay area and only 850 meters to the beach. If you however shouldn’t feel like walking to the beach, there is a common swimming pool on the rooftop available to you.
Besides that, living in the Patong Bay area is already an exciting experience by itself. There are many food vendors and activities for you to take part in. The Patong Bay area is known for its glossy and bright atmosphere, and its nightlife is truly one of a kind!
The Patong Bay Residence has its very own residence restaurant, serving only the best in local and international cuisine and a state-of-the-art spa for you to relax on your holiday.
Conditions, you won’t find anywhere else
As a buyer, you will of course receive special conditions not to be had anywhere else. Starting with the registration tax, which is shared 50%-50% between the buyer and seller, or the rental guarantee conditions that are as follows;
– For the first 15 years, the rental guarantee will be 7% NET and you won’t have to pay monthly fees, electricity cost, maintenance or sinking fund.
– In case you pay 50% of the unit price, you will receive a 3.5% rental return within 30 days from 50% payment paid and will be able to stay 1 week in low season for free every year.
– In case you do a full payment, you will receive the 7% NET rental guarantee within 30 days and will be able to stay freely for 4 weeks during low/high season every year.
– After 15 years, you’ll have the possibility of renegotiating a new rental guarantee period.
The payment terms are simple as well. There will be a 200.000 THB reservation deposit: 40% upon signing the purchase contract, from 30 days from reservation agreement being signed, 20% upon infrastructure completion, 20% upon foundation completion, 10% upon building structure completion and 10% (minus deposit) upon key handover.
Owner benefits worthy of a dream location
As an owner, you’ll have the possibility of using the unit 4 weeks in low season or 2 weeks in high season and 2 weeks in low season, free from the cost of electricity, water and monthly cost.
Furthermore, for 50% of the official rental fee, the owner can also obtain usage rights during peak season.
You will be able to use the shuttle bus to the beach free of charge and get discounts on tour booking, the residence restaurant and the spa.
Phuket Holiday Services, your partner in paradise!
This is just one of the many holiday residences and resorts we currently have on offer. You can find out other offers on our website.
If you should have further questions, feel free to send us an E-Mail to info@phsproperty.com or give us a call at +66 (0) 95 03 744 14.
We look forward to seeing you!
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