Listing Code: O-CD-101
C2B Asia brings you several opportunities to invest in upcoming (off-plan) condotels, apartments and villas with guaranteed returns from 5 to 10% per annum at different locations of Phuket. Investment properties are different than residential real estate as they are more or less managed as a hotel by the developer and marketed to holidaymakers to be rented out and generate rental income.
Condotels have emerged as an increasingly popular property development format in major tourist destinations in Phuket. A condotel is a condominium development with a hotel license allowing for the use of condominiums as hotel accommodation that can be offered for short term lease – daily or weekly – whereas the Thai law does not allow owners of condominiums to rent out their units for less than 30 days without a hotel license.
The example of guaranteed rental e.g. “10% Guaranteed Rental Return for 5 Years” means that the developer is guaranteeing the property owner an annual rental return of 10% of the sale price for up to 5 years to be paid out yearly. Additionally in some projects, you do not have to wait until the property is completed in order to receive your yearly guaranteed return or a percentage of the guaranteed sum.
Owners can also enjoy up free stay for number of days/weeks in their property every year (may vary depending on the developer), makes it a good reason to invest in a paradise island like Phuket with facilities like swimming pools, on-site restaurants, etc. On top of all the advantages above, there are also developers who offer to buy-back the property at the original purchase price after a certain amount of years. Condominium investments in Thailand and Phuket are generally very safe. Foreigners can own condominiums freehold and Thai laws allow leasehold contracts for as long as 30 years.
Another advantage is that payments can be made in installments which varies from project to project.
Real Estate Investment starts from 2 Million THB (to be made in installments)
You can check available options at https://c2b.homes/label/off-plan/
For more information and on-site inspection, please contact us.
- Air conditioning
- Main Road
- Road access
- Sea View