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Platinum Bay Condominium

4/2024

Delivery time

Business class

Property class

**Platinum Bay: Elevating Luxury Living in Phuket**

**Overview:**
Platinum Bay represents the pinnacle of luxury real estate on Phuket's stunning west coast, just minutes away from the picturesque Kamala Beach. This exclusive project offers a rare opportunity for those seeking to invest in elite properties on the island.

**Award-Winning Design:**
In 2019, Platinum Bay was recognized for its "Best Landscape Architectural Design in Phuket." Spanning 19,160 sq.m., with 10,498 sq.m. dedicated to thoughtfully designed infrastructure, the complex features spacious pools, a modern fitness center, and refined dining options, creating an everyday celebration of life.

**Investment Potential:**
Acquiring property at Platinum Bay is not merely a purchase; it's an investment in a luxurious resort condominium with a guaranteed 6% income for the first three years. The Rental Pool program, structured at 50/50 over ten years, ensures equal profit sharing with the management company, making it ideal for those wanting to balance personal use with stable income. Owners are entitled to stay in their apartments for up to 30 days each year.

**Management Excellence:**
With management by an international hotel operator, residents can expect high service standards and consistent occupancy rates, confirming Platinum Bay as a reliable and promising investment.

**Conclusion:**
Seize the opportunity to own a property in one of Phuket's most prestigious locations. Platinum Bay provides exceptional prospects for discerning investors who value comfort, quality, and the security of their investments.

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Ownership

Freehold/leasehold
District

Kamala
Address

Kamala
Construction Stage

Under construction
Property class

Business class
Completion Date: Year

2024
Completion Date: Quarter

4

Layouts

Studio 1

฿ 4,335,000
- Studio
- Bathrooms: 1
- Living area: 28 m²
Book
฿ 5,389,000
- Studio
- Bathrooms: 1
- Living area: 38 m²
Book
฿ 6,223,000
- 1-bdr.
- Bathrooms: 1
- Living area: 42 m²
Book
฿ 6,071,000
- 1-bdr.
- Bathrooms: 1
- Living area: 38 m²
Book

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Answers to frequently asked questions

Here are some important questions that are often asked and their answers.

Can a foreign citizen buy property in Thailand?

Yes, it is possible, but there are certain nuances. For foreign citizens, there are two forms of property ownership: Freehold and Leasehold. Each form has its own features:

Freehold involves full ownership of the property. The payment must come from your overseas account, and a tax of 6.3% is paid during registration at the Land Department.

Leasehold is a lease for 90 years, with renewal required every 30 years. Payment can be made in various ways: cash, transfer, or cryptocurrency. A tax of 1.1% is paid during registration at the Land Department, and it is payable every 30 years.

Each option has its own advantages and disadvantages. If you are looking to purchase property in Thailand and are unsure which form of ownership to choose, contact us and we will help you!
How can I make money on real estate in Thailand?

Anyone can make money on real estate; the key is choosing the option that suits you best. There are two common options: buying for resale or buying for rental purposes.

In the first option, you purchase a property at the early stages of construction and, in most cases, sell it shortly before the project is completed.

In the second option, you buy either a completed property or one still under construction, and once it's built, you rent it out through a management company or on your own.

In both cases, it's essential to evaluate potential earnings and consider all risks. At Solara Estate, we do this together with you. If you're looking to profit from real estate in Thailand, contact us, and we will help you!
Can a real estate purchase be completed online?

The purchase of real estate in Thailand can be completed entirely online. The process includes selecting a property via virtual tours, signing a reservation agreement, and making a payment remotely. To finalize the transaction, you can use a power of attorney, allowing a representative to register the property at the Land Department. Legal support and document verification can also be done remotely. If you have any questions, feel free to contact us, and we will assist you in completing all stages of the online real estate purchase!