VIP Kata condominium at Kata beach KT25

Description

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VIP KATA Condominium is located in the center of Kata Island of Phuket, in one of the most promising areas for investment. The complex is surrounded by three popular beaches of Kata, Kata Noi and Karon, as well as its own developed infrastructure, which includes: · 5 large swimming pools · Children's entertainment club with water park · Spa · Gym · Fitness club · Panoramic parks on the roof · Pool Bar · 24 hour reception The project consists of two phases with one- and two-bedroom apartments, with an area of ​​30 sq.m. and cost from 3.5 million baht. Also for sale are two-storey apartments with their own garden and views of the pool on the roof of the building. The first phase (buildings A and B) has already been completed and will be completed in April 2018. At the moment, the second phase (buildings C and D) is being actively sold, the construction of which will be completed in May 2020. TERMS OF SALE 1. Reservation agreement - 100 000 THB 2. Purchase agreement - 20% 3. Completion of the foundation - 20% (September 2018) 4. Completion of the frame - 20% (March 2019) 5. Construction of walls - 20% (September 2019) 6. Completion of the interior - 10% (March, 2020) 7. Registration of the transfer of ownership - 10% (May 2020) Other payments: • Registration fee - 1.25% of the cost of the apartment specified in the contract. • Maintenance fee - (per year) 720 THB per square meter. • Sinking fund - (once) 400 baht per square meter. • The program of guaranteed return from rent - 7% for 8 years, is paid to the buyer annually in calculation from the price specified in the contract. Example of calculating revenue from a guaranteed return program: The apartment has an area of ​​30.48 sq. M. _______ 3,500,000 THB Guaranteed rate of 7% per annum of value: 3,500,000 * 0,07 = 245,000 THB Expenses for the first year: Sinking fund (once, 400 THB / per sq.m) 12 192 THB Income tax (5%) 12, 250 THB Registration tax (once 1.25%) 43,750 THB Maintenance fee (once 720 THB / per sq.m.) 21 945 THB First-year revenue: 154,863 THB Expenses for the 2nd - 8th year: Maintenance fee (per year 720 THB per square meter) 21,945THB Income tax (5%) 12, 250THB Income for the 2nd - 8th year: 210,80THB 8-year total revenue: 1,630,498 THB There are 4 types of apartments, the cost starts from 3.4 million baht to 13 million. The price depends of floors, total living area and type of apartment.

The price, including services and additional expenses, depends on many factors (rent, seasonality, and, for purchase, the current price list at the time of the request). Please check further.

Photos are for informational purposes only. Elements of decor and furniture may change. Information updated 24.03.2024