Luxury Private Pool Villa

The Residence Townhomes

A quality development of 16 contemporary design one, two or three bedroom pool villas priced from 10 million baht. Each villa has an ensuite bathroom to each of the bedrooms, a living/dining area; separate kitchen fitted with quality European appliances, a private courtyard, swimming pool, upper level sala or terrace and lush tropical landscaping, built to an exacting standard of finish and presentation.

The villas range in size from 150 to 175 square metres of living space and from 162 to 240 square metres of total area.

Adjacent to the Residence Villas in Bang Tao Beach , 500 metres to the beach, 5 minutes to Laguna and 20 minutes from the airport, the town homes are part of the Residence Resort & Spa with access to the resort facilities and services and thus represents fantastic value for the investor.

Owners of the town homes will enjoy attractive returns when their property is placed into the managed rental program. Use it for 28 days each year and obtain a high return on the investment for the remainder. The first two years rental return is guaranteed at 6% per annum.

The town homes are offered on leasehold terms consisting of an initial 30-year term plus two further 30-year terms for a total of 90 years.

Buying a Pool Villa at the Residence

Once you have decided to buy one of our outstanding pool villa you can se cure it by signing a reservation form and paying a non-refundable fee of 100,000 baht. There is then a period of 21 days to review and sign the contracts.

Payment for the pool villa is made on a progressive basis throughout the construction of the property. The payment schedule is as follows:

• 40% of the total purchase price, less the reservation fee, upon contract signing. This payment covers the lease, the off-shore company and the commencement of construction,
• 20% upon construction commencement,
• 15% upon completion of the foundations,
• 15% upon structure completion, and
• 10% upon building completion and handover.

Construction takes 6 to 8 months.

Other things to pay for:

• Lease transfer fee which is 1.1% of the transfer of the lease
• Furniture package
• The price for any changes to the villa design is reflected in either the total purchase price or the final payment

Ownership is leasehold only. Initial period is 30 years with the option for 2 more 30 year extensions. We have already setup offshore companies in the British Virgin Islands to facilitate the transfer of the leasehold. All you need to do is purchase the shares of one of these companies.

MASTERPLAN

Owners of pool villas at the Residence can join the rental program.

Initially the Leaseback Program provides a guaranteed return of 6% on the purchase price of the villa for each of the first 2 years. There are restrictions on the times of the year when you may use the villa and your own use is limited to 28 days per year.

The Residence Rental Program whereby the management company will lease the villas from the owner and rent to qualified guests. Our Rental Program offers you the opportunity to earn an attractive return on your investment in the Residence. As well as allowing you personal usage for up to 60 days each year. If you would like to use your pool villa for an extended period of time then you simply give us 6 months notice in writing to cancel the rental program.

Investment in a townhouse at the Residence is a wise one indeed. At the Richmond Group we welcome you to the family of buyers who have make a wise and sensible choice.