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Phuket - Ocean Palms

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Real Estate - Thailand Real Estate

Phuket, Bang Tao Beach

Perfectly located in one of Phuket’s most exclusive and fastest growing areas!
Minutes to the beach of one of the most famous upscale tourism destinations in the world!
A great investment concept to support a high rental return!

properties for sale in Phuket

65% of the program sold out. Construction started in September 2008. The project’s Babylon Beach Club, which belongs to the project is already running. Get 50% financing on the leasehold units and a great 50% discount on the furniture package!

Benefits
  • An excellent investment opportunity in a prime residential area of Phuket
  • Strong rental returns and capital gains are expected
  • The best property growth on the island
  • 500m from Bang Tao beach, the most idyllic of all beaches on Phuket island
  • Beachside restaurant “Babylon Beach Club” offering gourmet cuisine

Gallery & Plan
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Ocean Palms Unit Floorplans_Page_2
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Design Amenities Environment Floor Plan Site Plan
Highly flexible rental program providing extensive owner usage!
Property and pricing
  • 22 studio suites Private swimming pool
    46 sqm internal living area
    8 sqm external area

  • 22 deluxe suites, 1 bedroom
    65 sqm internal living area
    14 sqm external area

  • 11 pool suites, 2 bedrooms Private swimming pool
    110 sqm internal living area
    41 sqm external area

  • 11 penthouses, 2 bedrooms Private swimming pool
    110 sqm internal living area
    23 sqm external area
Sqm THB EUR USD
Studio suite 54 5,130,000 106,875 146,571
1 bedroom deluxe suite 79 7,110,000 148,125 203,143
2 bedroom pool suite 151 12,835,000 267,396 366,714
2 bedroom penthouse 133 13,485,000 280,938 385,286
Indicative Exchange Rate: 1 EUR = 48 THB / 1 USD = 35 THB – Prices are quoted in THB

Further details about the property
  • Upscale residential area with several 4 and 5 star hotels nearby
  • Courtesy bus to the beach
  • Modern interior designs
  • Resort facilities include: freeform pool + 25 meter swimming pool, fitness center, yoga & spa pavilion, pool bar, deli/coffee shop, business center, car park and owners storage center
  • Construction to be started in Q4 2008. Completion due in Q1 2010
Financial incentives
  • Expected net rental income of up to 14% after only 5 years
  • 3 year (renewable) Lettings & Management Contract
  • 50% developer financing available on the long-term lease units
  • 50% discount on the furniture package for the leasehold units
  • Projected capital appreciation: at least 9% per year over time

    • Click here for more information
Location & Surroundings
  • Situated on the central west coast of the island in the top rated Laguna area, the property offers easy gateways to the north east and south coasts of Phuket but also to the central hills of the island
  • Peaceful environment, neighboring high luxury resorts such as Dusit, Banyan Tree and Sheraton Beach
  • Surrounded by superb beaches and golf courses
  • Easy access from Bangkok by plane. Only 20 minutes drive from Phuket International Airport
    Click here for more information
Payment terms - Additional purchase costs - Ongoing costs - Legal matters
  • Payment terms:
    Reservation Fee: 80,000 THB (1,600 EUR - 2,500 USD). 3 week deadline to return all legal documents properly signed and make the first down payment. Further stages of payment will be reached as construction progresses.

  • Additional costs:
    Legal Fee: 60,000 THB
    Transfer & Registration Fee: 2.50% based on the purchase price for freehold units. 2.10% based on value of lease for long-term lease units. (Both the seller and the buyer equally share this cost)
    One time Sinking Fund Fee: 200 THB per sqm.

  • Ongoing costs:
    Monthly Maintenance Fee: 60 THB per sqm approximately. One year advance.
    Monthly Resort Management Fee: 6,000 THB per unit for the first 3 years.

  • Legal matters:
    Condominiums: The Development provides 100% freehold foreign ownership and long-term leasehold for condominiums. Pursuant to Thai property law, foreigners may have a freehold ownership over a unit in a condominium. However, condominium units owned by a foreigner shall not exceed 49% of the total space of the condominium project. Other restrictions may apply. A non-Thai owner of a freehold condominium unit may transfer the property to other foreigners. The remaining 51% will be sold to foreigners with a registered 30-year leasehold title, which is allowed by Thai Law in the name of foreigners, renewable for two additional 30-year periods. Thai nationals or majority owned (51%). Thai Companies are allowed to possess freehold ownership on all units.

    • Disclaimer:
    The information and figures presented above are believed to be accurate but cannot be guaranteed. They are intended for the purpose of projection and analysis and should not be used for the preparation of income tax returns.

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property for sale in Ocean Palms



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