Property Information

Patong Bay Seaview Residence offers an opportunity to secure a trendy apartment in Phuket with a guaranteed return on investment. Located on the outskirts of the vibrant Patong Beach neighborhood, Patong Bay Seaview Residence features 454 one bedroom apartment units close to the beat-ing heart of Phuket’s famous tourist destination. Purchase Conditions Rental guarantee conditions 7% NET (subject to WHT) rental guarantee (no monthly fees, no electricity, no maintenance, no sinking fund…) for the first 15 years. The rental guarantee will be paid every year in advance. Buy-Back Option After 10 years from the closing date the buyer may apply for the buy-back option and receive back all the money paid. After 15 years possibility of renegotiating a new rental guarantee period. Owner benefits Possibility for the Owner to use the unit 4 weeks in low season or 2 weeks in high season and 2 weeks in low season, free from the costs of electricity, water and monthly fee. The Owner can also obtain the Unit usage rights during Peak Season upon pay compensation equal to 50% of the official rental fee.