What is Cassia Residences? And why is the main investment direction in Phuket?
Cassia is a complex of apartments of 1, 2 and 3 bedrooms in the heart of the Lagoon (the most prestigious area of Phuket island).
New phase of construction consists of 193 apartments. Accordingly, a full range of amenities: pools, playgrounds, restaurants, cafes, shops in and around the Lagoon.
The main legal issues.
Are apartments for sale by property type freehold and leasehold (property type full possession and a long lease).
Stamp duty when buying is 1.1% of the total cost of the apartment.
The price of the apartment includes built-in furniture and kitchen built-in furniture. Mobile furniture and appliances not included.
The developer offers investors two programs payments:
- In the course of construction (the payments are divided for the whole period until the end of the building)
- Payment after completion in installments for up to 5 years, with the condition of depositing 50% of the time of completion.
The cost of a single apartment 53 sq. m. type of ownership of leasehold is 7.6 million baht., a double apartment is 75 sq. m. on 8.75 million baht.
Cassia is the third project of the group, Banyan Tree.