Luxurious Koh Samui Apartments Starting at USD399,000
The Residence8 sits on top of a hill that is within the upmarket area of Choeng Mon. The property’s location affords an extensive and majestic view of Koh Samui Island’s north and east seaboards. It will comprise of six luxury apartment units that will have a familiar development for a next-door neighbour – the award-winning The Ridge that was earlier constructed directly above.
Along this line, the Residence8 will feature modern roofing that will be in total accord with the materials used for The Ridge. And to further match the general scheme seen with The Ridge, the apartments will be completed adhering only to the highest property standard.
Occupants of Residence8 apartments will be served by an elevator, will enjoy ready access to a concierge service, and will remain fit, courtesy of a fully equipped gym. In addition to the communal swimming pool, Jacuzzi and sun terrace, one of the apartment units will have a private infinity pool that will be built around a landscaped garden.
Project completion is tipped by the third quarter of 2018, following its official launch this January nearly 70 percent of Residence8 have been sold. Impact Samui is slated to unveil a fully-furnished showcase apartment around late April 2018.
Residence8 at Koh Samui
Koh Samui will meet the needs of every kind of traveller. The island boasts of infrastructure that includes an international airport with flights from Hong Kong, Singapore, Kuala Lumpur and Mainland China. The island also has several world class hospitals, which makes Koh Samui a popular medical tourism destination. In terms of more traditional tourism attractions, there are watersports and eco-tourism to gourmet dining and golf.
With its breathtaking combination of tranquil palm fringed beaches and lush mountainous rainforest regions, it’s not hard to see why the island is fast becoming a preferred destination for high end tourist resorts and spas.
Residence8 Points to Stunning Investment Return
Residence8 is now down to the last two units – specifically Suites 3 and 6 – and the investment starts at USD399,000. Suite 3, for instance, is forecasted to attract an ROI of up to USD31,000 per annum provided the property achieves an occupancy rate of at least 85% in a given year. Since Koh Samui is known for its high tourist traffic numbers that were seen from September through April of the following year, hitting the projected ROI is not too ambitious so to speak.
General Apartment Specs and Features
When completed by the third quarter of 2018, all apartment units at Residence8 will have large balconies and outdoors spaces to best enjoy a sweeping view of the Koh Samui coastline. Guests and owners will have ready access to a host of unique features such as Jacuzzis, courtyard dining, and sun terrace.
In addition, there will be communal facilities to highlight a luxurious experience such as an infinity edge swimming pool, a large Jacuzzi, a sunbathing terrace, fully equipped gym and a laundry. And every floor will be serviced by a lift with parking space provisions for unit owners and guests. To top everything is an on-site concierge service, indicating that Residence8 is the perfect investment property.
The rest of the exciting package includes:
- Private triangular balcony with access from living area
- Total Indoor-outdoor living space of approximately 88m2
- Fitted kitchen, with electric oven and hob, extractor, fridge/freezer
- Tiled bathroom with quartz worktop and rain shower
- Air conditioning and ceiling fans to each bedroom and living room
- LED ceiling lights to all areas
- Sliding doors to balcony
- Wired for hi-speed fibre optic Wi-Fi and satellite TV
- Backup generator for emergency power
- Fully managed estate, including: exterior maintenance, communal areas, gardens, swimming pool and buildings insurance
- On site manager and concierge service
- Personalised, fully furnished packages are available
- Management contracts are in place for the maintenance of the communal areas and external facades
- A full property management and letting service is available for all apartments and villas
Impact Samui Property Specialist
Impact Samui is both capable of developing and building from scratch and to take on existing structures – turn an old building, for example, into a high-quality property and in the process carry out its mission of refurbishing and recycling instead of tossing out. A firm believer of corporate social responsibility, the company operates with utmost sensitivity to the sentiments of the local community while insisting that business has to be conducted with integrity and professionalism as paramount concerns.
David Birchall – Director
David started his career with PriceWaterhouse Coopers where he specialized in Property. Since then, he has worked extensively in senior board roles in Europe and Asia. He has designed and project managed refurbishments in the UK, Hong Kong and Samui. His experience and attention to detail ensures a high quality product is finished on time and on budget.
Susan Field – Director
Susan has lived and worked in Asia for over 30 years. She launched and subsequently sold her successful PR company, Impact Asia. She has consulted for many blue chip brands over the years, resulting in an unrivalled network of business contacts throughout the region. Susan has worked on bespoke marketing projects for select Samui villas, delivering exceptional occupancy and returns. Her marketing and PR experience, together with her flair for interior design, provide a significant advantage to our rental portfolio.
Rodney Waller – Director
Rodney is an experienced property investor and developer with more than 20 years’ experience in the development of award-winning projects in Asia. Rodney’s most recent property development – www.theridgesamui.com – was named “Best Residential Development (Samui) 2014 – 2015” at the prestigious Thailand Property Awards. He is also the author of the most comprehensive book about buying property in Thailand, The Essential Guide to Buying Property in Thailand. His contacts, knowledge of the property market in Samui and his legal expertise provide an unrivalled and unique perspective.
The Residence8 offers a range of furnishing packages to meet the needs of villa owners – from basic requirements right up to the villas being fully furnished and “ready to let.” Villa owners can also opt to get in-house villa interiors service that will include fitted wardrobe units and audio visual systems.
The property developer also provides a full villa and rental management service, which can include sales, marketing and bookings, to take care of every aspect of your new villa.
For property owners, the developers have put together the most straightforward and secure property ownership structure for foreign investors. This is also the legal structure used by many of the top property developers in Thailand.
With this structure, there is no need for buyers to set up a Thai company which avoids the set up and running costs and associated complications. Buyers take full and direct ownership of their legal interests in their own name.
To sum up, buyers acquire:
- A registered and secure lease over your land for 30 years, 100% in your name
- There is an additional lease renewal rights for a further 90 years, providing total ownership of 120 years
- Full ownership of the villa built upon your land
- Shares in the land via the Hong Kong Company