Gardens of Eden | Phase 2 | Apartments | 1 bedroom

Turnkey finish

Built-in furniture, including kitchen units and wardrobes

Fully equipped bathrooms

Payment Schedule by Construction Stages:
1st Payment: Reservation deposit – THB 100,000
2nd Payment: Upon signing the lease/purchase agreement – 35%
3rd Payment: Upon completion of foundation works – 20%
4th Payment: Upon completion of structural framework – 20%
5th Payment: Upon completion of finishing works – 15%
6th Payment: Upon handover – 10%

Installment Plan:
60% during construction period:

40% post-construction:

• 12 monthly installments over 36 months

Payment Methods

-SWIFT Transfer: Payment is made based on the official rental agreement and the issued invoice to the GYP Group company account in Thailand.

-Cash Payment: Payment is accepted in cash.

Ownership type: Long-term lease or full ownership

Floors: 7

Location area

Distance to the sea: 300 m

Activities: «Maya Beach Club» (6.3 km), «Catch Beach Club» (6.9 km)

Spa/Resorts: «Banyan Tree Spa» (1.7 km), «Serenity Spa» (1.1 km), «Anantara Layan Phuket Resort» (2.6 km), «Amla Layan » (4.1 km)

Supermarkets: «Villa Market - Boat Avenue» (4.5 km), «Tops Daily Porto de Phuket» (4.9 km)

Restaurants/Cafe/Bars: «Little Paris» (4.5 km), «Eden By The Lake» (4.5 km), «Suay» (9.4 km), «Catch Beach Club» (6.9 km), «Zuma Phuket» (3.9 km)

Infrastructure

• Security
• Swimming pool(Common pool)
• Walking zones
• Parking
• Gym

Airport: 16 km

Malls: «Porto de Phuket» (4.9 km), «Robinson Lifestyle Thalang» (12 km), «Central Phuket» (25 km)

Schools: «HeadStart International School» (10 km), «UWC Thailand» (12 km), «HEI» (13 km)

Golf fields: 1.8 km

Is it possible to take out a loan to buy real estate in Thailand?

Rarely, but such lending is provided by commercial banks under the following conditions:

• The maximum loan amount is up to 50% of the appraised value of the property;
• The maximum loan term is up to 10 years;
• The interest rate depends on the specific property after its appraisal, and typically ranges from 6-8%;
• It is important to note that the property is collateralized by the bank.

Procedure for obtaining a loan:

• The bank analyzes the developer’s activity and reviews the documents;
• The bank's specialists conduct an appraisal of the property's market value.

If the decision is positive, the loan is approved. Only your passport will be required.

Additionally, when purchasing new real estate, there is always the option to use an installment plan from the developer. The installment plan is interest-free for the duration of the construction of the condominium or villa, with payments made in stages.

Can third parties (legal entities or individuals) make payments under the contract?

Yes, any legal entity or individual can make payment under the contract.

What fees are involved in purchasing property in Thailand?

The cost of processing a real estate transaction in Thailand includes the following fees:

• Registration fee – 2% of the appraised value of the property;
• Stamp duty – 0.5% of the appraised value or the contract price, whichever is higher;
• Withholding tax – 1% of the appraised value or the contract price, whichever is higher.

When registering property for long-term lease (leasehold), the following fees must be paid:

• Registration fee – 1% of the appraised value of the property;
• Stamp duty – 0.1% of the appraised value or the contract price, whichever is higher.

All of these fees are one-time payments.

How does the buying and selling transaction work when purchasing property on the secondary market

The process of purchasing property on the secondary market in Thailand includes several stages, similar to the process of acquiring property from a developer. It starts with selecting a property, verifying the ownership rights, signing the sale and purchase agreement, and ends with registering the transaction at the Land Department. An important aspect is agreeing on terms such as the payment of taxes and fees.

How to ensure the legal purity of the transaction?

This requires the assistance of a specialist who is well-versed in Thai legislation. A lawyer will help verify the documents and the developer's company for any encumbrances, the legality of the construction, and the land ownership documents.