|- Investment property with guaranteed rental returns of 6.5 % for the first 3 years. A unique environment with a focus on space, in a beautiful hillside garden setting offering practicality and functionality.
Special Notice: 3 Year Guaranteed 6.5% Rental Return & 50% Vendor Financing For Up To 5 Years.
The apartment buildings at Layan Gardens are only three floors high and have been designed to fit seamlessly into the landscape. There will be only 40 apartments on this 6-acre (13.5 Rai) site giving low density, which ensures that the space for the amenities and facilities within the tropical gardens is more than sufficient to allow for maximum enjoyment. All existing earth contours have been kept and so the feel of Layan Gardens is at one with nature whilst providing all the facilities and comfort you deserve to maximize your enjoyment. The entry road and car parking is at the rear and round the outside of the development leaving the maximum space possible for the facilities with only them and the tropical gardens and water features in view from every window, terrace and balcony of your home.
Layan Gardens will comprise of five apartment buildings each containing eight spacious apartments making a total of only forty apartments. One apartment building will have the ground and first floors containing 2 three bedroom and one two bedroom apartments. The other 4 apartment blocks will contain ground and first floors of enlarged 3 bedroom units and standard 3 bedroom apartments. All apartment blocks will also feature 2 superb, large Penthouses, which will occupy the entire 2nd floor, with each Penthouse having a huge roof garden containing a Bar, Jacuzzi, large Sala, built-in BBQ and Bathroom. All apartments enjoy 3 metre high ceilings, ideally for fan, to cool the air.
Each apartment has large verandahs and terraces from which to sit in the shade and enjoy the cool breeze which we enjoy at Layan Gardens for a large part of the year. The views will be simply stunning all the way across the lakes and golf course and beyond to the hills to the ocean.
There will be two telephone lines with broadband capability as standard as well as cable TV. A state of the art security system throughout the development plus 24 hour guard service and a fully staffed management office will also be provided.
The developers will be offering a total furniture package specifically designed for each different home for those buyers who simply wish just to move in and relax. The contents of the package include not only furniture but bed linens, towels, cutlery, glassware and tableware, will be determined prior to completion to ensure availability and supply and all buyers who request them will be sent details in February 2006.
Frequently Asked Questions
Q. If I wish to buy my apartment on a freehold basis as a Thai national or through the formation of a Thai company will I be allowed to do so?
A. => No! In order to protect the aesthetics of the development and to ensure conformity in designs etc. we have decided that each apartment will be sold on a 90-years lease - 3 x 30 years, back to back. Additionally we will offer all the shares in the company, which owns the land, and all the common facilities to each owner as apart of the purchase package. Thus you will be leasing from a company that is owned in its entirety by yourself and fellow owners only. This concept allows for the most comfort and investment security for foreign ownership under present Thai Law.
Q. Who will manage the development once it is completed?
A. => The developers will set up all the maintenance contracts (i.e. gardening, pool cleaning, security, engineering etc.) and manage them for the first six months. Once everything is running smoothly the running of the development will be handed over the Owners. The owners will form a committee and the committee will manage the development and the facilities through the full time Estate Manager and his or her team.
Q. How do you expect property prices to perform in Phuket in the future?
A. => Obviously one can never absolutely predict any sort of property value increase. However it is a fact that property values in the Laguna - Layan areas have increased by approximately 100% in the last five years! This illustrates the popularity and value for money in Phuket when compared to property values and rises in Bangkok and throughout most of Asia over same period!
Q. Can I personalise my apartment?
A. => You will be able to pick all granite and tile style and colours for most rooms as well as fitted furniture door style and colours. You will also be able to change several finish materials within the scope of our options available. Additionally you can select all your own furniture and paintings etc. or go with one of our specially selected furniture packages.
Q. What extra on-costs are there associated with my purchase other than for any optional extras, one-off sinking fund or furniture package if required?
A. =>Only the cost of Lease Registration with the land department which includes stamp duty, taxes and registration fees. These are split 50/50 with the Developer and based on current charges (September 2004) should be between 125,000 and 200,000 Baht dependant upon the size of the apartment you purchase.
Q. What sort of return can I expect if I choose to let out my apartment when I am not in residence?
A. The rental return for each weeks rental should be approximately as follows:
Low season May - November
2 Bedroom US800
3 Bedroom US900
High Season December - April
2 Bedroom US1200
3 Bedroom US1300
Peak Season December 16th - January 16th
2 Bedroom US$ 1500
3 Bedroom US$ 1600
Penthouse US$ 2600
Longer-term rentals will return a little less. Rentals will be generated through our Layan Gardens website, enquiries to our office, from travel operators and by each owner themselves. Once all our apartments are sold our web site will be used exclusively for property rentals and any re-sales on behalf of the owners. Additionally rentals will also be sought on behalf of the owners through local contacts, information web sites and property agents where all availability will be listed.
The Freehold (Chanote) title land upon which Layan Gardens is built is fully owned with no encumbrances of any sort. Each apartment comes with a 90 year lease (30 year registration with two automatic pre-paid extensions) but additionally once completed you and all the owners will be given the land in its entirety including all common facilities and roads etc. This means that whilst you will hold 90 year leases you will also be leasing from a company that is solely owned by yourself and the other owners. You and your investment cannot possibly be more secure!