Luxury and Modern Seafront Property in Kamala Beach Phuket For Sale
A really front line beach villa in Kamala located in an exclusive area. One of the most upscale residences on the Millionaires Road in Kamala Phuket.
BREATHTAKING SEA VIEWS
Beautiful frontline beach property located on a promontory facing the ocean and providing incredible views and magnificent sunsets. With its breathtaking view on the ocean, this exclusive 6 bedroom seafront villa represents the symbiosis between luxury, comfort and privacy in Kamala Phuket.
Its services are unique including a fitness room, a wine cellar, a cinema room, an infinity swimming pool with mirror effect on the ocean and a courtyard for outdoor receptions.
The 15-meter, mirror-effect swimming pool forms the center of this high end home which offers spacious indoor and outdoor living spaces.
Unique characteristics: double height ceilings, cinema room, Western kitchen, large terrace, waterfall, fitness as well as a qualified staff offering a 5 star service.
The villa offers 6 bedrooms, 7 bathrooms and a living area of 800 Sqm on a plot of 2000 Sqm including staff quarters and covered parkings.
The property is only 10 minutes away from Kamala and Patong Beach, Thailand’s most sought-after beaches.
THE PROPERTY IN IMAGES
A summary of the process of buying property in Phuket.
Payment terms when buying property in Phuket:
The majority of new properties in Phuket are sold off-plan or under construction. Buyers will always be asked to pay a deposit for the reservation of the unit they have chosen. This ensures that the property is taken off the market. Thereafter, some time (usually 30 days) is allowed to draw up the legal documents before the first payment is made on signing the contract.
Thereafter, the remaining payments are usually spread over the duration of the construction.
Here is an example:
In a new villa or condominium development, each owner will pay an initial amount into a sinking fund when ownership is transferred. This amount will be used in the future for major renovations and repairs that are not part of the operating budget.
Common area management costs:
In a villa scheme (note that this also applies to a condo/apartment building), specifically appointed property managers will normally be responsible for managing the common areas.
This service includes:
The property management company reports directly to the owners’ committee on management issues and the financial status of the project.
As a reminder, according to Thai law, foreigners are not allowed to own land outright, so a series of 30-year renewable leases are granted (Leasehold).
However, a foreigner can own the house or villa he buys (the building, not the land).
As for apartments or condominiums, there are no restrictions for foreigners to buy provided that the number of foreign owners owning a flat in the same building does not exceed 49%.
Indeed, the law stipulates that the majority of the owners must be Thai nationals.
Of course, Thai buyers are able to purchase land and house in real estate developments that offer the option of full ownership.