Phuket is perhaps the top performing tourist destination in the Kingdom. Of course, as an investor, you’d naturally see a lot of opportunities to earn income from that distinction. There are many ways you can earn residual income in Phuket, and the best way perhaps is to put a condo investments up for lease.
Leasing is a bit like renting, but it is a long term venture. You could lease it out to somebody, who’ll take care of all the expenses required for the upkeep of the unit. Depending on the stipulations of your agreement, you can allow the leasee to sublease the unit so you can both earn income from the condominium.
Pre-selling is the best time to purchase a condo unit in Thailand. Not only are the units cheaper than when development has started, but buying during the pre-selling period also lets you fit into the 40% of the units allocated for foreign ownership.
So, the next question is – “Where to invest?” To answer that question, allow us to present you with 3 of the up and coming condominium projects in Phuket Island.
Babylon Sky Garden
Phuket is known for its beautiful white sand beaches and water sports activities. For tourists, they will want to be near where the action is. That, of course, is where Babylon Sky Garden is.
The project is located a mere 400 meters from the nearest shoreline. That’s right – your tenants will only be a few minutes’ walk away from taking a dip in the Andaman Sea. You’d know that this is a good buy that can give you good returns: its proximity to the sea will make prospective tenants scramble to lease it.
The project promises a number of amenities, including an infinity pool, a sundeck, and jacuzzi.
Calypso Garden Residences
Rivalling Babylon Sky Garden’s prime seaview feature is Calypso Garden Residences’ panoramic view of the around it. If you get tired of looking at the sparkling blue sea, you can always turn around and look at the lush green mountains of Phuket instead.
Made up of 86 units (with only roughly 20 units available for foreign ownership), the Garden’s layout is designed to provide each unit with as much ambient light as possible in the daylight. Each unit also comes with a private balcony from which you can sip wine while watching the skyline at the end of a long day.
Amenities include a free daily shuttle bus from the condo project to various destinations in Phuket island, as well as an exclusive gym, rooftop cafe and an infinity swimming pool.
The Peaks Residence
If you want to be a bit further away from the action but still remain relatively close, then The Peaks Residences near Kata Noi beach is a good pick for you.
Located further inland, the Residences’ peaceful ambiance is enhanced by the natural vegetation that surrounds the property. Unlike the first two, this condominium project is low-rise, but it more than make up for that with the peaceful atmosphere it offers residents and tenants.
The project is made up of 416 units, and is slated to offer a shuttle bus service, a jacuzzi, in-house bar, and a swimming pool.
If you’re looking for the ideal investment vehicle that can offer excellent returns for your retirement money, these three condominium projects come highly recommended.
Do you want to invest and stay or live in Phuket, Thailand? Send us a message so we can help you.