The development comprises a total of 25 single-story pool villas, set in lush tropical gardens. Each villa offers a private sanctuary of luxury & style. Located within 2 minutes of the main entrance to the Laguna 5 Star Resort Complex, on the west coast of Phuket, this villa development offers world-class restaurants on the doorstep, with easy access to golf & miles of sandy beach, yet only 15 minutes from the airport. The new water & recreation park being developed within 5 minutes of your villa, will be open soon, delivering entertainment options for you or tenants. An extension of Boat Avenue food & shopping complex directly opposite the current Boat Avenue & a Central Food Development adjacent to Boat Avenue will add further to the amenities. Meanwhile, the development of a Botanical Garden in the neighborhood is also mooted. Park right at your front door & access your villa, via a discrete, private entrance. The pool & garden beckon while the elegant layout & design confirm you are here to relax! Pitched roofs over the major living areas emphasize the tropical lifestyle. Step down from the dining area to a sunken living room, opening onto the terrace by the pool. Full-length windows & sliding doors bring the gardens & cooling breezes to your seat. The layout of the villa ensures privacy in all bedrooms, with the master looking down the length of the pool, while other bedrooms look over private gardens. Of course, each bedroom has its own ensuite bathroom, with a jacuzzi bath in the master suite!
Given the location, design & specification, obtaining a rental return on your villa, while you are not in residence, is certainly an option. The % return will of course vary with your own usage of the villa but returns of around 10% per year net would be a realistic goal, given reasonable usage by you the owner. You can of course also elect not to rent your villa, or to make your own arrangements for rental & management.
Foreigners may own buildings directly in their name or the name of a company, with ownership registered at the Government Land Department. The developer will register ownership in your name at the time of transfer. While there are restrictions on foreign ownership of freehold land in Thailand, there are no such restrictions with regard to leasehold. The developer provides 4 x 30 year lease terms, again registered at the Government Land Department. Leasehold takes primacy of land usage. Furniture package available.
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full and managed with reasonable care, it is about the safest investment in the world.” - Franklin D Roosevelt