Sheraton Phuket Grand Bay Development | Condominiums for Sale

Development: Sheraton Phuket Grand Bay

DEVELOPMENT DETAILS

DEVELOPMENT DESCRIPTION 

Exclusive Freehold Villas situated on Ao Po Bay, Sheraton Phuket Grand Bay with a 650-meter seafront offering a stunning panoramic view of island vistas amidst the pristine turquoise blue ocean. Condominiums for sale in Phuket with residences of 106 units of Pool Villas and Suites.

• Option to participate in a rental program managed as part of Sheraton Phuket Grand Bay Resort
• Free-stay privileges of 30 nights per annum
• Ability to resell at any time for capital gains

Sheraton Phuket Grand Bay - Pool Villa A: All the pleasures of a private holiday retreat are yours to enjoy with the 2-story Two-Bedroom Pool Villa. All Two-Bedroom Pool Villas embrace the elements of space and tropical resort living. With its 132 sq.m. of living area comprised of 84.85 sq.m. on the 1^st floor and 47.15 sq.m. on the 2^ndfloor in an 80 sq.m. land plot, the villas perfectly blend the contemporary interior with the outdoor terrace and pool. All Sheraton Grand Bay condominiums for sale in Phuket enjoy stunning ocean and island vistas.

Sheraton Phuket Grand Bay - Pool Villa B: The 2-story One-Bedroom Villas with a sofa bed are comprised of 85.50 sq.m. on the 1^st floor, and 53 sq.m. on the 2^nd floor with a total living area of 137.5 sq.m. on an 80 sq.m. plot of land. The villas feature contemporary interiors and enjoy stunning ocean or mountain views.

Offering an alternative configuration are 2-story villas that feature a grand master bedroom on the upper level. The lower level is designed to maximize living space where the sofa bed, living room, swimming pool, and terrace flow seamlessly and can be opened up into one expansive space.

Sheraton Phuket Grand Bay - Pool Villa C: This One-Bedroom Pool Villa with an area of 90 sq.m. on an 80 sq.m. plot of land gracefully blends the spacious living area seamlessly with the outer deck and large private pool taking full advantage of the front line panoramic ocean view.

The floor-to-ceiling height of 3.6 meters maximizes the lofty ocean breeze for natural relaxation, and the living room with the sofa bed, dining area, and kitchen flows into one grand loft area for your perfect holiday.

Sheraton Phuket Grand Bay - One Bedroom Pool Suite:  The One-Bedroom Pool Suites are located on the lower level and include 84 sq.m. of space. Each pool suite is designed to feature all one needs for the perfect holiday, filled with relaxing and unwinding in a private pool and terrace, to then resting on a spacious master’s bedroom and bathroom.

Sheraton Phuket Grand Bay - One-Bedroom Suite:  The One-Bedroom Suites are located on the upper level and include 53 sq.m. of space. Each suite features a grand master’s bedroom and bathroom with a large modern bathtub and overlooks the panoramic ocean or mountain views. The suites offer a compact and comfortable choice for an exclusive getaway.

Ask your real estate agent for a viewing appointment and sales kit.

DEVELOPER PROFILE

Apex Development Public Company Limited project. 

Apex Development Public Co. Ltd. uses the Sheraton® trademarks and trade names under a license from Marriott International, Inc.

This project is already EIA approved, and Construction Permit No. 020/2561 and no. 021/2561 for the construction of the Residences and Construction Permit No. 063/2561 for the construction of the Hotel has already been obtained from the relevant authority.  Construction completion of South Residences and North Residences is scheduled for Q3 and Q4, 2019 respectively. Construction completion and opening of the Hotel is scheduled in Q4, 2020.

Our business plans are to develop and sell the hotel, Residences, and Pool Villas to investors and individual buyers in order to realize its profit to apply for the resumption of trading of the company’s shares in the Stock Exchange of Thailand (SET).

DEVELOPMENT OWNERSHIP

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. Villas are also offered under condominium licenses for foreign freehold ownership. 

PROPERTY MANAGEMENT

Optional Rental Agreement Term: 3 years, renewable every 3 years until the expiration of the Hotel peroration term of 20 years. The rental of the unit will be based on the Sheraton Phuket Management system, with no pooling of income with other units, and less service fee of 12% for Sheraton management, operation, and marketing. Owners will receive a 60% share of the net room revenue less the FF&E reserve of 5% for unit repair and maintenance for GRR. The rental program is expected to begin Q4 2020 upon hotel opening for all condominiums for sale in Phuket.

The rental income statement is issued on the 25^th day after the end of each month and the rental distribution is issued to the owner 10 days after the income statement.

CONSTRUCTION PERIOD

• Scheduled for completion in Q4 2020

DEVELOPMENT FACILITIES

• Lobby

• All Day Dining

• Swimming Pool

• Guestroom

• Fitness & Spa

• Meeting Facilities

• 220 meter White Sand Beach

DEVELOPMENT FEES

• Maintenance (CAM) Fee - 80 THB/SQm/Month (paid one year in advance)
• Sinking Fund – 1,000 THB/SQm (one-time payment)
• Upgrade to Foreign Freehold quota – Reflected on a price list (differs per unit)
• Built-in Package - Included in price
• Furniture Package - Included in price

DEVELOPMENT PAYMENT TERMS

• 100,000 THB Reservation Fee
• 10% Payment at Contract Signing in 30 days
• 10% Payments due Nov’18, Feb’19, May’19, Aug’19
• 50% Payment at Transfer