Royal Lee The Terminal, the ultimate investment destination in Sakhu, Thalang, Phuket. This 73-3-54 Rai mixed-use development features a community mall, hotel, and serviced apartments. Phase 1 boasts three stunning buildings with 513 lakeview residences, while Phases 2 and 3 offer villas, mall, and hotel development opportunities. Enjoy top-tier amenities like a pool, fitness center, clubhouse, co-working space, and a serene lake. Experience 24/7 security with guards, CCTV, and key card access. Invest in Royal Lee Phuket for a luxurious and rewarding lifestyle.
Take advantage of Roya Lee Phuket's appealing investment opportunities to maximize your investment potential. Regardless of whether the management team finds tenants for your apartment, our 3-year rental guarantee program guarantees an annual return of 8% of the purchase price. In addition, owners are entitled to up to 30 days of personal stays each year. Join the Roya Lee Phuket community now and take advantage of this great investment opportunity.
In deciding between Freehold and Leasehold, it is important to consider your personal investment goals and financial situation. Nevertheless, both Freehold and Leasehold ownership give you the right to occupy, rent out, re-sell, and even modify and renovate your unit, as long as you follow the rules and regulations of the specific project. Both ownerships are protected by law and have been adjusted to protect the growing real estate market of Phuket and Thailand.
For off-plan property, there are three taxes payable to the Land Department when the property is registered in your name. These are a Transfer Fee of 2%, a Special Business Tax of 3.3%, and a Stamp Duty of 0.5% – so the total taxes are 6.3%. The taxes are split between the buyer and seller. Each major developer splits the taxes differently, so the actual taxes that the buyer pays can vary from a minimum of 1% up to a maximum of 6.3% depending upon the individual development. These percentages are based on the appraised value of the property, which is usually a little lower than the purchase price which is paid. These taxes are not due until the official registration of the property, which tends to take place around 3-6 months following the handover of the property. After you have purchased the property, there are no annual property taxes payable in Thailand. Your only additional costs after purchasing will be the maintenance fees charged for the upkeep of the building and any utilities that you use (e.g. water and electricity).
Once the 3-year rental guarantee program comes to an end, the owner of the condominium has several options. One option is to start living in the condo full-time, enjoying all the luxurious amenities and services offered by the 5-star hotel management team. Another option is to renew the contract with the management company on different terms, such as a 70%/30% split, where the management company would receive 30% of the rental income. Regardless of the option chosen, the owner can continue to profit from their investment in the elegant Roya Lee Phuket community.
A Sinking Fund is a one-time payment that is used as an emergency fund for any one-off repairs or improvements that may be required for the development at some time in the future (e.g. repainting the exterior every few years). Payment for the Sinking Fund must be made at the time that the buyer receives delivery of the apartment. The cost of the Sinking Fund depends upon the size of the apartment and so the price is quoted per square meter. Maintenance Fees are payments required for the day-to-day running of the project (e.g. salaries for security, the receptionist and cleaners; upkeep of swimming pools; electricity for the lifts, etc.) As with the Sinking Fund, it is based upon the size of each apartment in square meters and the price quoted is for the monthly fee. Most developers require a full year’s payment of maintenance fees in advance once the apartment is handed over and then to be paid annually in advance thereafter.
To purchase a property, follow these easy steps:
1. Fill out a reservation form and pay a THB 200,000 non-refundable fee
2. Review and sign the contract after receiving it.
3. Send a 30% deposit payment, which is a portion of the total purchase price.
4. After paying the remaining price, you will receive the key to your new home.
5. Pay any necessary taxes when the apartment is registered in your name at the Land Department.
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