April 2012 – Update.  These units are proving to be very popular.  Around 50% already sold – this is before they have been widely advertised. There are still a couple of the top floor units remaining.  If you are interested in Freehold ownership, bear in mid it is on a  ‘first come, first served’ basis and only 49% of units can be owned this way under Thai law.  Planning and construction permits have been obtained and construction will begin in May 2012.

Since the initial launch in late 2011 new interior layouts have been introduced to allow owners to have 1,2 or even 3 bedroom units.  Plus the exterior has been redesigned to give it a brighter, casual, ‘island’ feel. Buyers on the top, 4th floor, now also have a huge roof garden,  which will make a great sport for sunbathing or enjoying a meal under the stars with friends. Unit size ranges from 58 to huge 260 sqm

These condominiums are located at a popular beach resort in Kai Bae.  They are a collaboration between the owners of the resort and their longstanding British business partner.  This is the initial stage of redeveloping the entire resort to make it into one of Koh Chang’s top beach resorts and holiday home locations.   The condos will be constructed using new eco-friendly materials designed to ensure that homes are kept cook in the tropical sun.  All units, which have a minimum of 58sqm of living space, also feature spacious terraces for those memorable sundowners and barbeques, stylish bathrooms, practical kitchenettes and a choice of classic or contemporary Asian furniture.

All units are sold fully fitted and furnished. Ground floor units also include a plunge pool – ideal for cooling off in after a busy day on the beach. All you need bring is your suitcase and there will even be a bottle of wine in the refrigerator when you arrive.

These units will also make ideal rental properties as owners will be able to rent their units out privately or through the exiting resort’s property management service. With a 200 metre long beach and shops, bars and restaurants all within easy walking  distance, they are ideal for couples or families on vacation who are looking for more privacy or space than the average hotel room can offer.

Freehold foreign ownership is available on a ‘first come first served basis’  – as under Thai law on 49% of units can be held Freehold in a foreign name.  Other units will be sold leasehold.  Construction is due to begin after the 2011-12 High Season, to avoid disturbing guests at the resort.  Estimated construction time is approximately 12 months.

Layout & Show Unit Photos:

Prices: 

Units are from 2,500,000 Baht ( 2nd Floor 58sqm unit ) to 9,500,000 Baht ( Three bed unit with private plunge pool )

Other Benefits

To allow owners to fully enjoy the facilities that Koh Chang has to offer, each condominium will be allocated  complimentary membership to the Island Life Leisure and Sea Sports Club. This will provide a 50% discount for the use of  kayaks, speedboats, 60 foot motorboat, fishing boats and excursions. In the event that owners have a surfeit of guests, they can reserve rooms (subject to availability) at the resort at a 50% discount on the rack rate. Other facilities are being planned for the and members will receive the same 50% discount on these.

Payment Plan, Terms and Conditions etc.

(1)  20,000 Baht non refundable reservation fee payable to secure the unit for a period of 14 days.
(2) Initial deposit of 10% of the value of the unit on contract signing, less the reservation fee.
(3) Following a period of 30 calender days a further payment of 30% of the value of the unit is due. Thereafter the payment schedule is:
(4) On completion of the first floor, 10%.
(5) On completion of the second floor, 10%.
(6) On completion of the third floor, 10%.
(7) On completion of the fourth floor, 10%
(8) On completion of construction, 10%.
(9) On transfer of ownership at the government land office, 10%.
(10) Ownership, freehold.
(11) Maintenance fee monthly, ThBt 35/m2.
(12) Sinking fund (one time payment) ThBt 500bt/m2.
(13) Water and electric payable on a metered basis.
(14) Transfer charges and government taxes to be paid on a 50/50 basis between the developer and the purchaser.
(15) Construction is scheduled to commence June 2012 – to avoid disturbing guests at the resort during High Season.
(16) Prices to include kitchen, bathroom, aircon and furniture package unless otherwise agreed.
(17) Prices and conditions may be changed without advance notice.

Email to receive more details including full price list, floor plans and current availability from the developer.

This 12 Rai plot of Nor Sor 3 titled land includes almost 200 metres of beachfront and lies at the southern end of Lonely beach on the west coast of Koh Chang.  The beach here is a mix of sand and stones, but the location is idyllic hidden away from the hustle and bustle of Lonely Beach which is user 10 minutes walk away.

Over half the land has never been developed and slopes gently from the rear to the beach .  At present is covered by mature  tropical trees.  5 Rai of flat, beachfront land is currently leased to a mid-range resort which pays 1.5 million baht/year annual rent.  This rental contract will expire in 2013. The new owner could decide whether to renew it or not.

This location would be an ideal spot for  a ‘back to nature’ type of boutique resort.  Access road and electricity is already in place.

Price: 7,000,000 Baht/Rai ( 84,000,000 Baht Total )

(An additional 8 Rai of land is available for sale adjacent to this plot.  However, at present it only has a farmland title deed and so is for sale for for 3 million baht/Rai.)

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