Beachfront Bliss Nai Yang Condominium Development

DESCRIPTION: This spectacular beachfront project is nestled on the headland of southern secluded Nai Yang bay-only 10 minutes from Phuket International Airport and a couple of steps to its secluded sandy beach.

Stunning panoramic sea views for all units and enjoys a luxurious beachfront living at its best with peaceful and natural surroundings adjacent to 5 stars Marriott resort. Only steps to the secluded sandy Nai Yang beach. Only 10 minutes by car to Phuket International Airport and only 10 minutes to nearby Nai Thon beach.

RIO guaranteed returns on investment of 7% for 10 years. Entry into the rental pool program is compulsory for all units. The developer is committed to manage the rental program and maintain the property at its best conditions to achieve the guaranteed return. 

Buyers can enjoy up to 30 days stay from March to October of each year subject to availability and with the advance reservation of not less than 15 days. 

Development: Beachfront Bliss Condominiums

DEVELOPER PROFILE:

In 2015, Supachart Samuhatanakul joined his friends in a new beachfront resort development company, My Beach Group Company, as a shareholder and director. The company developed an 82 unit resort called "My Beach Resort" located on Ao Yon Beach, Cape Panwa, Phuket. Opened in 2017 and successfully had a very good business with full house occupancy almost all year round unit recently the entire property was acquired by a Thai company at an undisclosed high profit for all the shareholders.

OWNERSHIP:

The title of Ownership can be registered under the name of any nationality as Freehold at the time of purchase as long as the foreign quota of 49 percent of total units remains available. Ownership can also be titled under a foreign name as Leasehold in accordance with Thai law.

PROPERTY MANAGEMENT:

Beachfront Bliss will be managed by the developer who is committed to also manage the rental program and maintain the property at its best condition to achieve the guaranteed return. Common are maintenance fees such as electricity, water, cleaning, security, etc. and a sinking fund is the responsibility of the buyer.

CONSTRUCTION PERIOD:

• Scheduled for completion in Q3 2020

FACILITIES:

• Club House

• Management Office

ADDITIONAL FEES:

• Maintenance (CAM) Fee - 60 THB/SQm/Month (paid 1 year in advance)
• Sinking Fund - 500 THB/SQm (1-time payment)
• Electric and Water Meters - Free
• Upgrade to Foreign Freehold quota - 400,000 THB (31 SQm unit), 500,000 THB (41 SQm unit), 900,000 THB (73 SQm unit)
• Furniture Package - Included in price

PAYMENT TERMS:

• 100,000 THB Reservation Fee
• 30% Contract Signing in 30 days
• 30% Progress of Construction (can be paid by installment of maximum 6)
• 40% Final payment upon registration

Year Built:  Q3 2020

Total Number of Units:  93

Ownership Structure:  Foreign Freehold and Leasehold Title

Prices and Location:  Listing YNG110

Video Link:  Beachfront Bliss Condominiums  - Video

Developer Link:  Developer Beachfront Bliss Condominium - Website