Issue 5 | Feature brought to you by Phuket 9
Location, location, location; the number one rule in real estate applies to Thailand just as it does everywhere else in the world. It is the single most significant factor when determining the potential value and desirability of any property, anywhere. In the tropical, exotic landscapes of Thailand, the golden standard for a prime location is, not surprisingly, beach access.
Phuket based developer, Phuket 9 has identified one of the most up and coming areas on the island, and is now in phase two of a new villa project located just a stone’s throw away from a secluded beach in one of the country’s most thriving expat communities.
“The first question that anyone asks before buying or renting a property in this part of Phuket is ‘How far is the beach?” said Andrey Kozhushny, CEO of Phuket 9. “We’ve chosen the land for Rawai VIP Villas because it’s just 300 meters away from a very quiet beach on a busy island. As far as I know, there are no other new projects in the area with this caliber location,” he said.
Being a short stroll away from the sand gives Rawai VIP Villas an obvious and tremendous allure, but more importantly for buyers, the location ensures that the villas offer unfailing investment opportunities. Beachfront properties are often the fastest to appreciate, especially in developing areas like Rawai. In the interim, investors can also take advantage of the attractive guaranteed rental income the company offers. Rawai VIP Villa’s rental program promises a 6% net profit on the original investment for up to seven years. For buyers who are not planning to move in at the earliest available opportunity will likely find that this kind of program slowly but surely helps their dream home pay for itself, while still appreciating in value at an estimated rate of 10% per year.
“Most of our investors take advantage of the program because it ensures that the owner of the villa will receive consistent rental income, regardless of whether the house is rented or not,” Andrey said. “It makes for a virtually effortless investment, as we take care of all the marketing that’s necessary to have the properties rented out and maintained throughout the full seven years of the program.”
Keeping each and every villa within the development maintained and collecting income for seven years is an ambitious objective, which is why Andrey and his team have endeavored to make Rawai VIP Villas a place that people, specifically expatriates, will actually want to live. Included in the plans for the development is a private park, a kid’s playground, a restaurant, luxury spa, and significant open spaces set aside specifically for activities that help foster a community.
According to Andrey there is already a strong sense of community among the existing expatriate residents of Rawai who hail from countries across Europe as well as the United States, Australia and Asia. It’s not hard to see why Rawai would attract an expat crowd, as it’s a place where you can walk to a local market for seafood that was caught that very same day, or take a stroll on a secluded beach without a deck chair or vendor in sight.
While Rawai is quiet and semi-secluded, it’s still within a short driving distance to Phuket’s key infrastructural locations. International schools, international hospitals and a Western style shopping centre are all just a 20 minute drive away, not to mention owners can find themselves relaxing in their own Rawai VIP Villas in less than an hour after their plane touches down on the tarmac at Phuket International Airport.
Regardless of the developments surroundings, it’s hard to deny the promise that lies within a property purchase in a tropical paradise where beach front property is increasingly scarce. Repeating the famous agent’s mantra, “Location, location, location,” nothing gives a potential buyer more peace of mind when purchasing a property than the knowledge that it has been built in an area which will remain in vogue and in demand for many decades to come.