New Concept Pool Villas–14% pa Gteed Return
If you are buying in Chiang Mai purely for investment purposes, then you will find no better project to buy on than the newly launched New Concept Pool Villas. New Concept Pool Villas offers an unbeatable Guaranteed Annual Return of 14% for a period of five years. For the first five years following completion, the developer will pay you 8% of the purchase price each year in Guaranteed Rental Income. At the end of the five year period, the developer will buy back your unit for 130% of the original buying price – equivalent to a capital increase of 6% each and every year over the five year period. Add the two returns together and you get 8% + 6% = 14% per year!
The developers are able to make this highly generous offer due to the fact that the New Concept Pool Villas are purposely designed as a condotel resort, which offers a wide range of features and amenities for short-term guests including a large lake on-site together with a large swimming pool and all of the other facilities which short-term guests require. These additional facilities include an on-site restaurant, cafe, laundromat, beauty salon and spa centre, plus a travel agency together with a shuttle bus to take guests into the city centre.
This is not the developer’s first such project – they have already seen great success operating the same scheme on the New Concept Boutique Condo project, which is now all but sold out. The resort is situated in a highly convenient location within easy reach of Chiang Mai International Airport to the south-west of the city centre. This location means that many of the apartments on the resort also benefit from mountain views.
The resort consists of number of three-storey buildings, which each contain a total of 18 different apartments. Ground floor apartments all come with luxurious sunken baths and private gardens; second floor apartments offer the most affordable options for buyers, while top floor apartments complete complete with 54m2 of private roof terrace, each with their own jacuzzis. All apartments here come supplied on a full turnkey basis – containing everything that the guests will need during their stay – so no additional costs for furniture are required from investors.
New Concept Pool Villas only went on sale in July 2014 following the start of construction in June 2014. As a result, early bird buyers are currently able to obtain such very low pre-launch prices. At launch, the second floor apartments will cost THB 2,500,000, while the ground and penthouse apartments will cost THB 3,500,000. As a result, all buyers who are able to move fast to take advantage of these pre-launch prices are able to obtain very large discounts from the regular prices.
In summary, New Concept Pool Villas offers the very best guaranteed returns that it is possible to obtain currently – not only in Chiang Mai, but in all of Thailand. The developer’s previous project which offered similar terms sold out very quickly and so New Concept Pool Villas is expected to also sell out just as rapidly. So investors need to move fast if they wish to take advantage of this highly generous offer.
Type m2 Price/THB Start Date June 2014
Studio – Second Floor 60 1,750,000 Closing Costs 2%
Studio – Ground Floor 60 2,590,000 Payment Plan
Studio – Top Floor 114 2,590,000 Reservation Fee THB 50,000
Deposit Payment 30%
Interim Payments 70%