|Phuket is experiencing an influx of long-staying visitors and expats. It is hardly surprising, when this tropical island can offer more than just sun, sand and sea. The island boosts plenty of accommodations, a myriad of wellness and spa retreats, exception dining options, award winning golf courses, first-class medical facilities, designer shopping, exciting nightlife and plenty of activities to do.
Many people visit and stay in Phuket on a yearly basis, and sooner or later, will realise the advantages of investing in a property of their own. Owning a property here means you always have somewhere to stay when you come, and the possibility that it could bring in a substantial income by renting it out at times where you are not here. Rather than paying for hotel rooms each time you visit, it works out a lot cheaper to rent an apartment or condominium, especially if you are here with members of your family and you are planning to stay for an extended period of time. Luxurious vacation homes and apartments usually come fully furnished with modern amenities and facilities. What you can get is sometimes better than being at home!
Visitors are now in pursuit of fully furnished serviced apartments, condominiums and properties which can provide a high level of convenience, comfort and luxury. A serviced apartment can provide all that because the place is often maintained, cleaned and taken care of by the building management. A condominium also does not cost an arm and a leg to buy. The money saved on hotel bills already guarantee some returns in your investment, and on top of that, the rental to be yield by letting it out makes it an even more attractive option. Condos also require less maintenance so you need not worry about the property when you are away.
Condos often have access control, on-site security guards and other people such as technicians, a site manager and gardeners and so there is always someone around which offers a better level of security. You will also have more opportunity to meet and socialize with your neighbours at the communal facilities and areas. Maintenance costs are shared which makes it all the more financially viable for someone who does not live on the island all year round.
Chalong, Rawai, Nai Harn, Cheng Talay and Bang Tao are more residential areas and often have lots of local markets, small grocery shops and other convenient facilities nearby. If your condo is solely for investment purposes you should opt for one with a panoramic sea view or mountain view, ideally located in prime locations saturated with holidaymakers such as in the Kata, Karon and Patong municipality.
The most straight-forward types of property a foreigner in Thailand can buy and own are a condominium with a freehold title. The law states that as long as 51% of the units in a block are owned by Thais, the rest can sold and owned by foreigners. In the event that the foreigner-allocated condos are not available, you still have the possibility to buy one under a 30 year lease which carries the option of a 30 year lease renewal.
Phuket currently has a large quantity of projects being developed by leading property developers, and condominiums in Phuket are one of the fastest growing property markets in the region. Anyone wanting to invest can be sure that this trend is going to continue to rise, as holiday rentals, particularly for high-end premier properties, are increasingly in demand. The island has the infrastructure, exceptional and reasonably priced healthcare, international schools, exciting nightlife, stunning beaches and an international airport alongside living with Thai culture and friendly people, gives the feeling that it is a relaxed and enjoyable place to live in. Height restrictions and planning laws are also set on the island so as to prevent developments from becoming too obtrusive within the surrounding environment and to preserve the island’s natural resources and beauty.
Listing Price: 2,200,000-3,000,000
Address: Soi Sai Yuan 11
Sea View: Yes from all living rooms and balconies:
Pool: 7m x 4m =28m2 Ocean blue
Square Meters Land: 320
Square Meters Living Area: 72m2 ++
Bedrooms: 1 and 2
Bathrooms: 1 and 2
Internet/Cable/TV Satellite: Wireless broadband,local cable and true visions satellite available
Completion date: March 2011
Living room size: 5m x 4m:
Bedroom size: 5m x 4m
Kitchen size: 2.5m x 2m:
Bathroom size: 2.5m x 2m:
Balcony size: 22m2
Car Park: Car parking,motorbike parking:
Roof Terrace: Yes 7m x 6m = 42m2
Distance from Beach: 1km
Kids & Family: Welcome:
Pets & Singles: Welcome:
Contact Property For Sale Phuket, LtdI'm Richard, the project developer, and if you are thinking of buying a property in Phuket you surely must have some questions, please feel free to ask me those questions here
You can send me an email: Richard @ Phuket, or use the form below.