Benefits for the buyer
All buyers will have the property ownership with title deed after they have paid the full settlement during the 12 months’ period.
All buyer age more than 50 years old will enjoy the one-year retirement visa. Developer will apply the visa once full payment done.
All buyer that choose Option A below will be granted 5 days 4 nights free stay every 6 months in their unit or developer arrange hotel not less than 3 stars during the 12 months’ period.
The purchase price includes fully furnished unit.
After 12 months, the developer guarantees a minimum of 3% annual return on investment to the buyer.
The down payment will be forfeited if the buyer didn’t finalize a purchase of the unit within 12 months’ period.
Property and location
The condominium community is located in the town of Phuket in Thailand. It consists of 133 units in a three separate buildings, A, B, and C, with 1-4 stories (Floors) in each building.
Of the Pixels Condo Cape Panwa, Makham Bay – Cape Panwa Road Wichit Phuket – Muang Phuket – Phuket Province
Some of the immediate attractions in the close by vicinity are:
- The Naval sector 3
- The Bayside hotel
- The Sri Panwa hotel
- The Institute of Marine Biology
Transportation to the property and neighborhood:
The property can be reached by road from Makham bay – Cape Panwa Road heading to the Cape of the lively through the Naval sector 3, turn left to the Institute of Marine Biology in to the road along the beach. The property is located on the left hand side.
The main roads and through the Property Street Bay of Makham bay – Cape Panwa Road is a widely paved public road of about 8 meters 9 (about 24 Feet) wide.
The Property is located in a Private Sector and residential area and around the Naval Sector 3 office, the bayside hotel, the Sri Panwa hotel, the hotel Cantary bay Phuket and the Institute for Marine Biology, etc.
Appraisal Findings.
The mortgage loan was given by the Siam Commercial Bank Public Company Limited
The building construction is completed and can be occupied.
Building and Unit Material
- This is a 2 years old new condominium property and ownership, consists of 133 units in -4 stories (Levels), with one elevator in each building. Each unit size varies from 28.93 to 50.83 square meters. Corner units have sea view. The floor in each unit is made of hardwood floors. The toilet and shower are ceramic tiles covered.
- The reinforced Terrace is reinforced concrete covered with tiles.
- Each unit equipped with built-in TV, counter dressing table, and wardrobe by Pantene pro
- Each interior is equipped with one Air-conditioning.
- There is a backup generator in case of electrical supply failure.
Built with modern technology and architecture, quality material and concrete building, modern sewer, electrical, and wastewater treatment systems. Each unit has a telephone line, smoke detectors, and fire suppression system.
The building has 24 hours’ security guard and Card Key system for entry, lighting system, and security cameras.
Each building has parking garage on the ground floor and general exterior parking, swimming pool, and fitness center.
Each unit size varies from 28.93 squares Meter to 50.83 Square Meter
(311.40 square feet to 547.13 Square feet) with one bath and one bathroom
Inquiries regarding the building certificate of registration are available per request:
Deferred Payment Scheme (DPS)
The condo 1-bedroom unit sales price starts at 93,000 USD. The development is already completed and obtains T.O.P. (Permission to occupy the property).
Purchase details -Buyers can put down just 20% (18,600 USD) to buy a unit. They will not have to pay any payments until one year after closing the purchase depending on the package.9 Please ask for details.
Renting out is permitted – A buyer can now buy the unit for 18,600 USD and rent it out for approximately 500 USD per month. At this price, the buyer would get back around 6,000 USD income a year from the unit in the first year, before having to make even the first loan repayment. For the buyer, it helps to save on interest repayments, assuming he/she does not need a loan for the initial down payment.
1 bedroom of 29 square meters (About 312 square feet) fully furnished is 93000 USD
20% down payment is only 18,600 USD
There are a few options to a potential buyer:
A buyer may have 12 months’ option to purchase a unit in the condominium. Buyer can choose to exercise it early if they desire to do so.
Option A: (Example: 93,000 USD purchase price):
A buyer can rent out the unit with the developer rental package:
Monthly rental return at approximately 500 USD
To paid out to the buyer bank account every 3 months 1500 USD
Or
The buyer can hold the total rental to offset the final payment 6000 USD
Plus, an additional 4% discount on the total unit price. (3,720 USD)
Option B
Buyer buying to stay and retire in Thailand will enjoy the just
20% down payment with 0% interest to the Developer and Bank on first year.
Buyer in Option B will enjoy a 13% straight discount from the purchasing price when they exercise the options to purchase:
Option to Purchase.
The buyer will save on the first year interest if they want to take a bank loan while occupying the newly purchased unit.
Example purchase:
ICBC (Industrial commercial Bank of China) Thailand, which can loan up to 60% of the purchasing price:
Interest rate 5.65%
UOB (United Overseas Bank of Thailand) can loan up to 70% of the purchasing price
Offer interest at 8%
Sample calculation on the interest saving for the first year of ownership:
Assume Purchasing Price of 93,000 USD
20% down payment 18,600 USD
20% paid to the bank for 60% loan 18,600 USD
60% loan from bank 55,800 USD
Assume annual interest of .65% for the first year 3,153 USD
Both Options allow the buyer to save the first year interest and stay in this luxury seafront condo.
Note: As per buyer’s choice, two units can be join together, please ask for details and availability.
Note: (1 Sq. Meter = 10.7639 Sq. Feet)