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Luxury Beach Apartments
Posted by Ian
Housing Developments on Koh Chang
Luxury Beachfront Apartments
Aerial View
Koh Chang is still pretty quiet compared to most islands in Thailand, so anyone who falls in love with the island now may not feel the same about it in 15 years time.
For those of you who are looking for a place on Koh Chang now and . . .
- Don’t want to invest a large sum of money at this time
- Want a sunset sea view from your home
- Want to be within 100 metres walk of a great beach
- Are looking for one you can use and earn an income from for the next 30 – 60 years.
. . .these apartments may be what you are looking for.
The four floor apartment block houses 40 units, ten on each floor. Each floor comprises 1 x 2 bedroom unit, 3 x 1 Bedroom Units & 6 Studio Units. The smallest studio unit is 66sqm in area with dimensions of 11 metres x 6 metres. Making it larger and with a wider balcony, than other condominiums costing twice the price.
All units are sold fully fitted and furnished to the same standard as a 4 star hotel. Each unit includes a bathtub and shower, walk in closet, built in kitchen area, built in wardrobes and spacious balcony with outdoor jacuzzi bath.
Owners will also have use of facilities at the adjacent beachfront resort.
August 2009 – Land cleared and filled, and a show condo constructed.
Prices: (Thai Baht)
|
|
Ground Floor |
First floor |
Second Floor |
Top Floor |
|
Studio 66sqm |
3,300,000 |
3,400,000 |
3,500,000 |
3,600,000 |
|
1 Bedroom 88sqm |
4,400,000 |
4,500,000 |
4,600,000 |
4,700,000 |
|
2 Bedoom 118sqm |
5,900,000 |
6,000,000 |
6,100,000 |
6,200,000 |
Rental Income – The apartments are being constructed by a developer who owns three well established resorts on Koh Chang plus other businesses in the East of Thailand. Owners wishing to rent their units out to tourists can do so through a Rental Management Program run through the adjacent existing resort. Rooms here typically rent for 4,000 Baht/night during High Season, from November – April. The resort would take 25% of the income with 75% going to the owner of the apartment.
** For owners wishing to rent their apartment through the Rental Management program, an income of 8% of the purchase price is guaranteed for each the first 3 years after construction is completed.
** In addition, the developer guarantees to buy back the apartment after 15 years for 50% of the purchase price.
Management Fees – This covers the cost of staff and maintenance of common areas etc, Monthly management fees, payable annually in advance will be charged at 40 Baht/Sqm/Month.
Lease Details – All units are sold on a 30 year leasehold basis. However, 74% of the purchase price is guaranteed to be returned to the buyer if the so require.
Extension of Lease – The buyer has the option to extend the lease for an additional 30 years at the end of the first 30 year term. The cost for doing this is the same as the original purchase price.
Payment terms
- 5% Deposit is required to reserve the unit.
- 20% Down payment on contract signing, typically within 1 month of the reservation.
- 75% balance due when the apartment is completed.
Photos
Tags: condominium, luxury home, sea views Filed Under: Housing Developments, Koh Mak, Land For Sale
