House/Villa Description
Spectacular, brand new, 5-star golf community
modern apartments and pool villas directly in front of a newly constructed golf course!
An excellent investment opportunity supported by 35% developer-provided financing
Show units are now open for viewing. All infrastructures and utilities are completed at this time. Ask about our “Fly-Buy” incentive*
Benefits
A golfer’s paradise
Overlooking Black Mountain, the newest and the best of all 7 golf courses in the area
Gorgeous, picturesque views of surrounding mountains and valleys
35% developer provided financing available to all buyers
Strong rental return and capital gains expected
Top quality spa, 5-star recreation facilities and full resort-style services and staffing
Emphasis on generously proportioned outdoor space
Set amongst lush and spacious grounds
The best quality/location/size-to-price ratio in Hua Hin!
Property and pricing
20 Apartments: Large Studios and 2 to 3 bedroom
59 to 121 sqm total living space including terrace
6 Duplex Penthouses: 2 to 3 bedrooms
190 to 230 sqm total living space including terraces
19 Pool Villas: 3 to 4 bedrooms with large terraces and private pool
183 to 260 sqm internal living space
155 to 300 sqm external living space
1,191 to 3,180 sqm plots of land
20 Spa Units: 1 bedroom
110 sqm total living space including terraces
14 Spa Villas: Two storey houses with 2 to 3 bedrooms and large terraces
170 sqm internal living space
70 sqm external living space
Prices starting at:
Large Studio – 59 sqm 3,466,000 THB 66,655 EUR 108,315 USD
2 bedroom Apartment – 121 sqm total 7,900,000 THB 146,770 EUR 247,000 USD
2/3 bedroom Penthouse – 190 sqm 11,132,000 THB 214,080 EUR 347,875 USD
3/4 bedroom Villa – 338 sqm 14,544,000 THB 279,690 EUR 454,500 USD
Spa Villa – 1 bedroom – 110 sqm 6,500,000 THB 125,000 EUR 203,125 USD
Spa Villa – 2/3 bedroom – 240 sqm 11,750,000 THB 225,965 EUR 367,200 USD
Indicative Exchange Rates: 1 EUR = 52 THB / 1 USD = 32 THB – Prices are quoted in Thai Bath
Further details about the property
Expected completion of the project: Q4 2009
Valley setting overlooking Black Mountain golf course with its beautiful 360 degree mountain views
Modern interior designs incorporating “Smart Home” technology for maximum comfort, convenience and security
Resort facilities to include: tennis courts, clubhouse, restaurant, bar, freeform swimming pool, fitness center, spa, squash and children's playground
Discounted price on the long-term Leasehold Program
This project will compete for the “Hua Hin Best Quality Development Award”
Financial incentives
35% developer financing up to 5 years
Rental program available
Projected capital appreciation: at least 9% per year over time
Early villa buyers have already made a 20% capital gain within 12 months
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Location & Surroundings
Private and luxurious living bordering a beautiful 18-hole (expanding to 36) golf course
Surrounding mountains protected from development
5 minutes from main highway for quick access to and from Bangkok
10 minutes drive to Hua Hin city center
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Payment terms - Additional purchase costs - Ongoing costs - Legal matters
Payment terms:
Reservation Fee: 100,000 THB (2,000 EUR – 3,000 USD). 3 week deadline to return all properly executed legal documents along with full down payment. Further stages of payment will be reached as construction progresses.
Additional costs:
Condominiums:
Transfer & Registration Fee: 0.01% based on the purchase price for freehold units. 1.10% 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: 500 THB per sqm.
Villas:
Transfer & Registration Fee: 1.10% based on the land price. (Both the seller and the buyer equally share this cost)
One time Sinking Fund Fee: 100,000 THB.
Ongoing costs:
Monthly Maintenance Fee: Condominiums: 45 THB per sqm approximately. Villas: 6 THB per sqm of land approximately. To be paid one year in advance.
Legal matters:
Condominiums: The Development provides both 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.
Villas: As per the property ownership, the buyer will get a 30 years term lease on the land which can be renewed twice (up to 90 years) as foreigners are not allowed to own land directly under their name. However, he will get full ownership of the house, which is built on the land. The land lease is registered with The Thai Official Land Department under the buyer’s name. A freehold option is available for Thai nationals and Thai companies.
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.
Facilities
tennis courts, clubhouse, restaurant, bar, freeform swimming pool, fitness center, spa, squash and children's playground
Principle Views
Valley setting overlooking Black Mountain golf course with its beautiful 360 degree mountain views
Kitchen Appliances
Modern interior designs incorporating “Smart Home” technology for maximum comfort, convenience and security
