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The PEAKS Residences Kata Noi | Condos for Sale | Phuket Realtor

Category : Condo Developments | Posted On 2019-03-06 00:46:35

Development:  The PEAKS Residence Kata Noi

Year Built:  Q3 2020

Total Number of Units:  416

Ownership Structure:  Foreign Freehold and Leasehold Title

Prices and Location:  KAT109

Video:   The PEAKS Residence Kata Noi Video

DESCRIPTION:

Situated in the tropical island of Phuket, Thailand, The Peaks Residence composes of 416 Foreign and Thai Freehold sea view luxurious units with superior contemporary and sophisticated designs. 

Overlooking the idyllic Kata Noi Beach, famed for being one of the cleanest and pristine beaches on the island of Phuket yet remaining a mere short distance away from the commercial areas and restaurants of Kata Beach, The Peaks Residence offers a touch of serenity in one of the last available sea view sites on Phuket's renowned and desirable west coast.

Deluxe studio units will be 35 SQm and deluxe two bedroom units will be 70 SQm.

The Peaks Residence is set to deliver a high quality product that offers meticulous attention to detail while providing tremendous value and affordability. Our unique project offers the ultimate in luxury living and convenience. Affordable Luxury Sea View Condominium in Kata Noi.

The Peaks Residence will be a low density development with 15 buildings being two story and 4 buildings being three and 4 buildings being four story.  Parking will be provided under each building.

DEVELOPER PROFILE:

Ocean Group Asia was originally established as a property management organization in 2009. Over the years, we’ve acquired the knowledge and experience to successfully become a quality oriented property developer committed to maintain positive ongoing working relationships with our clients and partners.

Our growing portfolio of real estate holdings includes 4 projects all over Phuket - Surin Sands, Palmyrah, Oceana Beachfront and The Peaks Residence.

The company has a team of professionals with experience and skills in design, construction, acquisition, property management, finance and business development who drives the company to provide quality spaces and services to our clients and to continue to seek trustworthy development opportunities.

We are committed to offer the highest quality services and to protect your investments.

OWNERSHIP:

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

PROPERTY MANAGEMENT:

An attractive rental pool program with 60/40 split, 60% going to the owners. The rental estimation provides 9.16% yearly returns estimated a conservative 65% occupancy rate with all expenses taken out.

Take advantage of the Rental Management Program to ensure that your unit is consistently generating effortless passive income while you are abroad.

CONSTRUCTION PERIOD:

  • Scheduled for completion in Q3 2020

FACILITIES:

• Lobby

• Infinity Pool

• Sun Deck Pool

• Party Pool with Pool Lounge

• Italian and Thai Restaurant

• Spa and Massage

• Fitness

• Kid's Play Room & Pool

• Game Room

• Lounge

ADDITIONAL FEES:

  • Maintenance (CAM) Fee - 60 THB/SQm/Month (paid one year in advance)
  • Sinking Fund - 600 THB/SQm (one time payment)
  • Electric and Water Meters - 20,000 THB
  • Ownership Registration Taxes and Fees - Shared Equally
  • Upgrade to Foreign Freehold quota - 500,000 THB
  • Built-in Package - 250,000 THB
  • Furniture Package – 120,000 THB
  • Hotel Package – 180,000 THB

PAYMENT TERMS:

  • 100,000 - Reservation Fee
  • 35% Contract Signing (Minus Reservation) within 20 days
  • 15% Land Preparation/Retaining Walls
  • 10% Construction Start
  • 10% Foundation Completion
  • 10% Structural Completion
  • 10% Doors and Windows
  • 10% Completion of Unit and Registration

LINK:   The PEAKS Residence Kata Noi Website

 

David Henry
David Henry
David Henry is known for his integrity, high energy and hard work which goes into every detail or your real estate transaction at Phuket Realtor. David grew up in the Boston area and started as a realtor in his 20's. With over 30 years of experience in real estate he has now started one of the best independent real estate agencies in Thailand.

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