Property For Sale in Hua Hin

Beautifully situated only 300m from the Beach!

Benefits

• A great price-to-quality ratio for a property so close to the beach!
• Over 50% of the resort is dedicated to pool areas and landscaped gardens
• Wide range of units depending of the lifestyle you seek and your financial objectives
• Good value for a sound investment

Property and pricing

• 12 story building offering stunning sea views
• 182 Apartments: Large Suite to 3 bedrooms
• 43 to 198 sqm total living area including balconies
• Closely located to the airport and the city center


• Prices starting at:

	Sqm	THB	EUR	USD
suite	43	1,989,500	41,448	56,843
2 bedrooms	91	3,640,000	75,833	104,000
2 bedrooms	106	4,346,000	90,542	124,171
3 bedrooms	137	8,220,000	171,250	234,857
3 bedrooms	152	9,120,000	190,000	260,571
3 bedrooms + maid room	183	11,895,000	247,813	339,857
3 bedrooms + maid room	198	12,870,000	268,125	367,714
Indicative Exchange Rate: 1 EUR = 48 THB / 1 USD = 35 THB – Prices are quoted in THB

Further details about the property

• 13,000 sqm gated property with luxurious tropical gardens only 300m from the beach
• 12-storey building offering stunning sea views
• Apartments filled with contemporary interior designs
• Resort facilities include 2 swimming pools, fitness center, restaurant and pool bar
• The property is neighbor to the Dusit and Sheraton resorts
• Construction is under way and major infrastructures are being finished

Financial incentives

• Rental program available
• Projected capital appreciation: at least 9% per year over time
• Construction started with completion due by: Q3 2009
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Location & Surroundings

• Hua Hin is His Majesty The King's residence and therefore a perfectly safe city
• The project is only 10 minutes away from the animated city center
• Nestled a couple of kilometers from the Palm Hills golf course
• Benefit from the close proximity of Bangkok and grow rental revenues, a 3 lane highway is soon to be completed
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Payment terms - Additional purchase costs - Ongoing costs - Legal matters

• Payment terms:
  Reservation Fee: 20,000 THB (400 EUR – 625 USD). 3 week deadline to return all properly executed legal documents along with full down payment. Further stages of payment will be reached as construction progresses.
  
  
• Additional costs:
  Transfer & Registration Fee: 0.01% based on the purchase price for freehold units. 1.10% based on value of lease for long-term lease units. (Both the seller and the buyer equally share this cost)
  One time Sinking Fund Fee: 300 THB per sqm.
  
  
• Ongoing costs:
  Monthly Maintenance Fee: 30 THB per sqm approximately. To be paid one year in advance.
  
  
• Legal matters:
  The Development provides freehold 100% foreign ownership and leasehold for condominiums. Pursuant to Thai property law, foreigners may have a freehold ownership over a unit in a condominium. However, condominium units owned by a foreigner shall not exceed 49% of the total space of the condominium project. Other restrictions may apply. A non-Thai owner of a freehold condominium unit may transfer the property to other foreigners. The remaining 51% will be sold to foreigners with a registered 30-year leasehold title, which is allowed by Thai Law in the name of foreigners, renewable for two additional 30-year periods. Thai nationals or majority owned (51%). Thai Companies are allowed to possess freehold ownership on all units.
  
  
• Disclaimer:
  The information and figures presented above are believed to be accurate but cannot be guaranteed. They are intended for the purpose of projection and analysis and should not be used for the preparation of income tax returns.