•A private and secure gated residential development adjacent to Laguna Village
•Following the success of Laguna Park 1 (sold out)
•Contemporary-styled 2-3 bedroom townhomes and 4-5 bedroom villas
•20 minutesdrive from the recently expanded Phuket International Airport
•Close proximity to beach, hotels, golf and nearby Boat Avenue / Central Porto de Phuket boutique retail/ dining precinct
•Shuttle bus transport to Laguna Phuket hotels, beach and golf
•South-east Asia’s premier tourism destination
•9 million+ visitors per year
•Within 5 hours flying time of 50% of world’s population
•Stunning beaches and gateway to PhangNga bay
•Historical Phuket town
•Patongnightlife and entertainment
•Modern world class shopping centres(Central Festival, and Jungceylon)
•World class private hospitals (Bangkok Phuket International)
•International schools (British International, United World College)
Ownership
•Buildings are sold as freehold.
•Freehold registration at 2% of the appraisal price of building(payable by buyer)
oThe appraisal price is calculated relative to the government’s tax assessment value
•Other applicable taxes upon transfer and registration of ownership of the freehold buildings
oCorporate Income Tax: Currently 1.0% of the selling price or appraisal price, whichever is higher
oSpecial Business Tax: Currently 3.3% of the selling price or appraisal price, whichever is higher
•Land is available on a leasehold basis. Leases are registered with the government (currently for a maximum period of 30 years as permitted by law) and are renewable.
•Lease registration and stamp duty costs at 1.1% of lease premium (payable by buyer)
oCost of land lease renewals will be borne by the lessee according to the contracts
•Leasehold may be transferred subject to terms and conditions
oAssignment fee payable to lessor
oNew lessee to be bound by terms and conditions of original lease agreement
•Upgrading land from leasehold to freehold title will be available once a land subdivision is completed, provided that the lessee is eligible under relevant Thai laws and regulations to take transfer of and own the land
Registration
•At government authority approximately 90 days after construction completion and full payment has been received
Construction
•Phase 1 includes 50-60Townhomesand Villas
•Construction estimated to take 12-15 months to complete per unit
•One (1) year warranty for materials and furnishings
•Wardrobe, kitchen and landscaping is included. Loose furniture is not included.
•Minor modifications which do not breach the construction permit and do not impact the building structure such as internal partitions, built-in furniture, etc. and which do not affect the overall aesthetics of the project may be done after house hand over (subject to developer approval).