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      PATONG BAY RESIDENCE PHASE 3

      DESCRIPTION

      A stunning executive residence, luxuriously styled and finished, located right in the heart of Phuket’s Entertainment and Tourism area of Patong. Amazingly located being only a 10 minute walk to the famous Patong Beach with its white sands and glistening tropical waters.

      Patong Bay Residence 3 is a modern style condominium with 114 units, 1 bedroom 1 bathroom condominium with sophisticated, contemporary, executive suites finished to the highest of quality. A modern open plan layout fully furnished throughout with a separate bedroom and kitchen facilities.

      The on-site facilities will include a roof-top Pool and Decked Lounge area, Fully equipped Fitness Centre a Wellness Centre and Restaurant. Closed to the popular Patong Beach, Patong Bay Residence is an idyllic holiday home on the tropical island of Phuket, Thailand.

      As Phuket continues to flourish, there has never been a better time to purchase a holiday home on this popular island. Phuket truly offers a little bit of something for everyone. Not only are there great beaches, but there is abundant nightlife and dining choices as well as all of the conveniences and necessities of a Western country. Property developments such as Patong Bay Residence 3 will not stay on the market for long, so now is the time to act.

      FEATURES

      • Ownership : Freehold or Leasehold with 7% NET guarantee yield for 15 years
      • Property Type : Condominium
      • Completion date : 2023
      • Layout : 34 m2 with 1 bedroom
      • Style : Modern/Contemporary
      • Kitchen : Open plan kitchen
      • Living Room : Open plan living and dining area
      • Swimming Pool : Common on roof-top
      • Balcony : private
      • Distance to Beach: 850 meter
      • Location: Patong

      GALLERY

      1 Bedroom Apartment Room Layout

      APARTMENT RENDERING

      FLOOR PLAN

      Special Conditions

      Registration taxes shared 50%-50% between Buyer and Seller.

      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.

      · Option 1 In case paid 50% of unit price, the Buyer will receive 3.5% rental return within 30 days as from 50% payment paid. (1 week free staying in low season every year in the completed building)

      · Option 2 (10 units on promotion)
      In case paid in full payment the Buyer will receive 7% NET Rental Guarantee within 30 days as from full payment. (4 weeks free staying in low/high season every year in the completed building)

      After 15 years possibility of renegotiating a new rental guarantee period.

      Buy Back Option 10-15 years from the closing date buyer may apply for the buyback 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 Reservation Agreement being signed)

      20% upon infrastructure completion

      20% upon 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 The Owner can also obtain the Unit usage rights during Peak Season upon pay compensation equal to 50% of the official rental fee.

      – Free daily shuttle service to the beach is Discount on tours bookings and Residence Restaurant and Spa prices will be offered.

      Patong Bay Residence 3

      Any Questions? – Contact Us

      Phuket Holiday Service Co., Ltd.

      Phuket Holiday Services Company Limited a Phuket based corporate with broader and deeper capabilities than any other company in the South of Thailand and the leading full-service real estate services and investment organization in the island.

      +66 950 374 414
      info@phsproperty.com