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

Category : Condo Developments | Posted On 2019-04-10 00:00:00

Development: The PEAKS Residences

DEVELOPMENT DETAILS

Year Built: Q3 2020

Total Number of Units: 416

Ownership Structure: Foreign Freehold and Leasehold Title

Prices and Location: The PEAKS Residences Listing

Video Link: The PEAKS Residence Video

Developer Link: Developer The PEAKS Website

DEVELOPMENT DESCRIPTION

Situated in the tropical island of Phuket, Thailand, The PEAKS Residence offers Thailand apartments for sale that 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.

Thailand apartment for sale: The PEAKS Residence deluxe studio units will be 35 SQm and the 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. This Thailand apartment for sale 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 stories and 4 buildings being three and 4 buildings being four stories. Parking will be provided under each building of these apartments for sale.

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 maintaining 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. Ask your real estate agent to schedule an appointment for viewing this unique Thailand apartment for sale.

DEVELOPMENT 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

An attractive rental pool program with 60/40 split, 60% going to the owners. The rental estimation provides a 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

DEVELOPMENT 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

DEVELOPMENT 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

DEVELOPMENT PAYMENT TERMS

100,000 THB - 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

ADDED NOTE: There has been a Supreme Administrative Court investigation into The PEAKS. At this time, Phuket Realtor is not promoting The PEAKS until this investigation is complete and settled.

David Henry
David Henry is known for his integrity, high energy and hard work which goes into every detail of 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, Phuket Realtor.