Flat in Phuket. City - Phuket
ID PH4079
Description:
New condominium under construction on Naiharn Beach, the project is located 1 kilometer from the beach, in an area with developed tourist infrastructure.
Complex consists of 218 apartments of 6 different types, studios ranging from 27 sqm, one-bedroom apartments ranging from 35 sqm.
The developer provides the right to combine two 35 sqm apartments, allowing buyers to purchase two-bedroom and three-bedroom apartments of 70 sqm, as well as penthouses and pool access apartments.
Construction is scheduled to start in March 2021, with completion in March 2023.
The complex will have a hotel license, allowing you to enter the rental program and receive guaranteed income.
It will offer 5-star hotel services with a lobby, reception area, 24-hour security, sunbathing area, and a rooftop restaurant.
Three communal pools, one on the rooftop, and the second on the ground floor - ideal for children.
Fitness center, sauna, SPA, kids club, two play areas, one inside the building, the other outside, kids pool, 6D cinema, open and underground parking, and a shuttle bus service.
The complex will have a hotel license, allowing you to enter the rental program and receive guaranteed income.
Interest-free payment plan is available for the entire construction period.
Option to purchase apartments as Freehold property
Amenities:
In Thailand a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Phuket; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Thailand finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Thailand takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Phuket short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (304 888 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Phuket: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).
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