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Patong Bay Hill 2

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Completion
2021

Floors

Project Details

  • Project Name Patong Bay Hill 2
  • EIA Yes
  • Built Year 2021

Project Description

The Patong Bay Hill 2 Resort ... Where Your Holiday Begins!

Our NEW and Tropical Modern Luxury Resort is nestled on Hasib-pee Hill, overlooking the ocean and Patong Beach. The resort offers majestic panoramic city and ocean views over the andaman sea and a luxurious selection of 1 and 2 bed suites. Built in a modern style with the finest contemporary furnishings, the resort is set in a beautiful landscaped gardens amongst the natural tropical environment of Patong's Haib-pee Hill.

The Patong Bay Hill 2 Resort is the perfect hideaway destination, offering spacious accommodation with all the latest conveniences as well as comfort and relaxation after your long journey. The resort offers a private location with five-star services, very close to the hustle and bustle of Phuket's popular tourist destination, Patong Beach.

Lease right:

90 years leasehold.
Registration taxes shared 50%-50% between Seller and Buyer.

Rental Guarantee condition:

7% NET (subject to WHT) rental guarantee (no monthly fees, no electricity, no maintenance, no sinking fund…) for the first 15 years. After 15 years possibility of renegotiating a new rental guarantee period.

Note: In case client pays in full during construction he will get 3.5% within 30 days from final payment and then 7% for 15 years after handover date.

Buy back option:

available at from year 10th to 15th at the original price
Buyback year will be counted from Hand over date.

Payment Terms:

COMPLETION DATE JUNE 2021
200,000 baht reservation deposit +10 000 THB lawyer fee
40% upon signing the Contract within 30 days from the date of Reservation Agreement.
20% upon completion of infrastructure.
20% upon building foundation completion
10% upon building structure completion
10% (minus deposit) upon 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.

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

Property Features

Entertaining Features

  • Common swimming pools

Building Features

  • Property Type : Sea View and Garden View Residence
  • Style : Modern/Contemporary
  • City: Phuket
  • Country: Thailand

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