Press Release, May 2015
Investing In Thailand
The Residences by Anantara Phuket Layan
Minor International PCL is launching its first Anantara branded residential villa development – The Residences by Anantara Phuket Layan. The development features 15 uniquely designed luxury villas which are located overlooking breath-taking Layan Beach, on the northwest coast of Phuket, Thailand. This amazing Minor International project is the perfect opportunity to invest abroad since it is currently a favourable period to invest in Thailand.
“We are excited to introduce the ultimate luxurious Anantara lifestyle experience to owners. With only fifteen villas available, this development is a true symbol of prestige and exclusivity,”
Dillip Rajakarier, CEO of Minor Hotels Group
LOW BUYING COSTS
Currently it is a good period to invest in Thailand since costs are low.
REGISTRATION FEES AND OTHER EXPENSES PAID BY THE OWNER (FREEHOLD)
- Government Transfer Registration Fee 2% of the total appraisal land price & villa price, shared equally between the developer & the purchaser
- Administrative fee THB 5,000
REGISTRATION FEES AND OTHER EXPENSES PAID BY THE OWNER (LEASEHOLD)
- Government Transfer Registration Fee 1% of the registration price
- Stamp duty 0.1% of the registration price 3. Administrative fee THB 5,000
Upon the official launch of the development the Purchasers may exercise with the following payment terms:
– Reservation Deposit THB 1 million.
– 15% of the selling price less deposit on the contract signing date and within 30 days from reservation date
– 50% of the selling price to be paid when the construction has been 50% completed.
– Balance of payment 35% of selling price to be paid on the registration date.
It is very important to hire a real estate attorney when purchasing property. The realty industry in the country is still unregulated, so a lawyer will be able to provide more security than a mere real estate agent.
There are, essentially, two important documents that are needed: passport and an Exchange Control Form.
Owners have the option of putting the Villa into the rental program that will be managed by the neighbouring Anantara Resort and Spa. The revenues received by the hotel management are allocated to the owner (60%) and the hotel operator (40%).
Each Residence features a private infinity pool with large sundeck, spacious living and dining areas. Residents at The Residences by Anantara Phuket Layan will also have access to the amenities and services offered by the adjacent five star Anantara Phuket Layan Resort & Spa, which include outstanding culinary experiences, an Anantara Spa, two swimming pools, a gym and a boutique.
About Minor International PCL
Minor International (MINT) is a global company focused on three core businesses: restaurants, hospitality and retail trading (including contract manufacturing). MINT is one of Asia’s largest restaurant companies with over 1,700 outlets operating system-wide in over 20 countries under The Pizza Company, Swensen’s, Sizzler, Dairy Queen, Burger King, Thai Express, The Coffee Club, Ribs and Rumps, BreadTalk and Riverside brands. MINT is also a hotel owner, operator and investor with a portfolio of 133 hotels and serviced suites under the Anantara, AVANI, Oaks, Per AQUUM, Tivoli, Elewana, Marriott, Four Seasons, St. Regis, Radisson Blu and Minor International brands in 22 countries across Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe and South America. MINT is one of Thailand’s largest distributors of lifestyle brands focusing primarily on fashion, cosmetics and contract manufacturing. Its brands include Gap, Esprit, Bossini, Charles & Keith, Pedro, Red Earth, Tumi, Zwilling J.A. Henckels, ETL Learning and Mysale. For more information, please visit www.minorinternational.com.
PRESS CONTACT AMRP*