Flat in Phuket. City - Phuket
ID PH5630
Description:
ADM Platinum Bay is located on Kamala Beach, in the center of the west coast of Phuket. The location is convenient as Kamala is only 45 minutes drive from Phuket International Airport, 35 minutes to the main pier point of Rawai, 25 minutes east to the central department store and 35 minutes to Phuket Town. Kamala Beach is 2.3 kilometers long. Kamala is a high-quality beach, known as the most beautiful beach with the best of all beach resort resources in Phuket.
The condominium will consist of 224 studios, overlooking either a garden or the sea.
Completion of construction is planned for March 2021.
Project Description:
New modern luxury condominium, awarded for best landscape design by New World ADM Platinum. This project is one of the newest developments from the Wyndham hotel chain. Magnificent, with exquisite decor, comfortable, fully furnished furniture and all amenities. Thanks to the excellent architectural design, residents can enjoy panoramic sea views from every apartment. The complex consists of 14 buildings with one-bedroom apartments from 28m2 to 38m2, some with access to the pool and jacuzzi.
Infrastructure:
The project has 24 pools, including an infinity pool on the roof of the building, a fitness center to keep you in excellent physical shape throughout your stay, your own spa, parking, 24-hour security to keep you safe at all times. The hotel will have a restaurant, bar, and luxurious lobby with qualified staff.
Nearby:
The new project is ideally located in the heart of Phuket Island and within walking distance to the beach, shops, supermarkets, and popular spa salons. Just a few minutes drive away is the world-renowned Fantasea show. In close proximity are fine dining restaurants HQ and Shimmer, and luxury hotels such as Intercontinental and Novotel. Just 200 meters away is Phuket's most popular beach club - Cafe Del Mar and Pine Beach Club.
Who is it for:
The project is ideal for investment purposes. The rapidly developing infrastructure of Kamala Beach is a good sign and guarantee of property value growth in this area. An additional bonus to the value growth will be a guaranteed rental income from your property at a rate of 7% per annum for 5 years. There is also a buyback program after 5 years. Accommodation is available for 30 days a year. The apartments are ideal for both vacation homes and investment properties for income.
Amenities:
Paid separately:
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 (88 151 $) 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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