Skypark Elara | Apartments | 2 bedroom

Included in the Price:
Built-in furniture (sliding wardrobes, kitchen cabinetry), full interior finishing, and landscape design are included in the purchase price.

Not Included:
Loose furniture, artwork, and decorative items are not included but can be purchased separately.

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.

View: Garden

Ownership type: Long-term lease or full ownership

Building square: 85

Floors: 7

Location area

Distance to the sea: 6 km

Activities: «Maya Beach Club» (6.5 km), «Catch Beach Club» (7.9 km)

Spa/Resorts: «Banyan Tree Spa » (6 km), «Amla Layan Spa» (900 m), «Anantara Layan Phuket Resort» (4.9 km)

Supermarkets: «Villa market» (4.5 km), «Tops Daily Porto de Phuket» (4.7 km)

Restaurants/Cafe/Bars: «Little Paris» (4.5 km), «Eden By The Lake» (4.5 km), «Suay» (6.9 km), «Zuma Phuket» (6.4 km)

Infrastructure

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

Airport: 17.9 km

Schools: «British International School Phuket» (15 km), «UWC Thailand» (8.1 km), «Headstart International School » (6.4 km), «HEI Schools Phuket» (12 km)

Golf fields: 4 km

What is the process for completing a property purchase from a developer in Phuket?

The process of purchasing property from a developer in Thailand can seem complex, especially if you are dealing with local legal procedures for the first time. However, by following a clear sequence of steps with a professional agency, you can safely and successfully acquire your new home or apartment in Phuket. Below are the main stages of this process.

1. Choosing the Right Property with an Independent Market Expert

   The first step in purchasing real estate is selecting a property that meets your requirements and expectations. It is recommended to consult with an independent market expert who can help assess the prospects of various properties and provide up-to-date information about developers and the terms of the deal.

2. Signing a Reservation Agreement and Paying the Deposit

   After choosing a property, you will proceed to sign a reservation agreement. It is important to carefully review the terms of the agreement, as it formalizes your intention to purchase the specific property. Along with signing the agreement, a deposit is required, the amount of which is set by the developer. Typically, the deposit ranges from 100,000 THB to 2% of the property price. This deposit confirms your commitment and ensures that the property you selected will be reserved for you.

3. Drafting, Reviewing, and Signing the Sales and Purchase Agreement

   The next important step is the preparation of the main sales and purchase agreement. At this stage, the lawyers of both parties review the contract, making necessary changes and clarifications. Once everything is in order, the agreement is signed. This process can take up to 30 calendar days, depending on the conditions outlined in the reservation agreement. Signing the sales and purchase agreement legally solidifies the obligations of both parties and sets the stage for further payment actions.

4. Making the First Major Payment

   After signing the main contract, it is time to make the first major payment, which usually ranges from 20% to 33% of the total property price. Further payments are made according to the schedule outlined in the reservation agreement. These can be either a lump sum payment or a series of regular payments during the construction phase.

5. Registration of Ownership at the Land Department

   Once the property is ready, the process of registering ownership begins. This procedure is usually handled by the developer and their legal team, although you can also appoint your independent lawyer to manage the registration. The registration process at the Land Department takes between 10 to 45 days. It is important to ensure that all documents are properly completed and registered.

6. Final Payment and Receiving the Property Documents

   After the ownership registration process is completed, you will receive a final bill for the remaining amount. Once full payment is made, you will receive documents confirming your ownership of the property. At this stage, you officially become the owner of your new home or apartment in Phuket.

Conclusion:

Purchasing property from a developer in Thailand is a process that requires attention to detail and adherence to legal procedures. Our specialists at Get Your Phuket are ready to guide you every step of the way, ensuring the safety and success of your transaction.

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 taxes and fees are required when purchasing property in Phuket?

The payment of taxes and government fees will be required. A lawyer or real estate agent will help navigate all the financial aspects and ensure that you are prepared for these expenses.