faq

There are various forms of visas available to foreigners who wish to enter Thailand for study, business, investment, retirement and other purposes ranging from 90 days to 1 year multiple entry which include.

• Education visa when enrolled at registered education institution within Thailand
• Business visa when operating a business or employed
• Retirement visa for people aged 50 years or over and meet financial requirements
• Marriage visa for foreigners married to a Thai
• Thailand Elite Visa - a government led program offering memberships including 5 year visas and other privileges

Yes. Apartment leases may be transferred subject to the terms and conditions of the lease agreement. Generally, a small fee is payable. In addition, the new owner must agree to be bound by the terms and conditions contained in the original lease agreement.

Yes. Once the lease is registered at the Land Department, the owner’s rights to the apartment will be officially recognized.

Our agreements have been used for a number of years and have been reviewed by major international law firms. We have our own in-house legal team which will assist to clarify any questions you may have concerning the agreements. However, should you wish to obtain specific advice regarding the structuring of your investment, we recommend you consult with a professional legal and/or financial adviser.

Approximately 90 days after full payment has been received and construction is complete. We will notify the owner of any documents and fees required for registration.

Lease registration fee and stamp duty (currently 1.1% of the apartment price) is payable to the Land Department upon registration of the lease. The cost of lease renewals will be borne by the lessee according to the contracts.

Note: that the rate above is imposed by the government authorities and may be subject to change when the lease registration takes place.

Apartments are sold on a leasehold basis. Leases are registered with the Government (currently for a maximum period of 30 years as permitted by law) and are renewable.

Generally it will take approximately 18-24 months to complete the building and landscaping from the date of commencement of construction.

Yes. A one year warranty is offered.

Generally it will take approximately 24 months to complete the building and landscaping from the date of commencement of construction.

Yes. A one year warranty is offered.

Yes, the apartments will be professionally managed. Investment and lifestyle rental options are available. The investment rental program - entitles owners to 30 days stay per year outside of the blackout dates (during the high/peak season periods) in order to maximize rental returns. Apartments in this rental program will be first priority for rental. The lifestyle rental program - entitles owners up to 90 days stay per year including blackout dates (during the high/peak season periods) in order to enjoy a balance between rental returns and lifestyle benefits. Apartments in this rental program will be second priority for rental.

The rental returns paid to owners will be calculated based upon a 40% share of room revenue under the same pool category (the other 60% being retained by the manager to cover operating expenses of the rental program). An example of how the return returns is determined is set out below:

Note: the operation of the rental program is at the discretion of the manager and may be subject to change. The above example is indicative only of how the rental returns will be determined and may not reflect the actual returns achieved.

*** A reserve fund contribution is at 3% on year 1, 4% on year 2, and 5% on year 3 and onwards.

Since the apartments are in a prime location and are professionally managed, there is potential for good rental returns and capital appreciation.

The table below, indicates the potential gross rental yields based upon the assumptions shown:

The figures above are for illustrative purposes only and should not be relied upon as forming a representation or guarantee as to the actual returns which may differ significantly from the above.

Owners will be paid rental returns direct to their nominated bank on a quarterly basis.

All owners are subject to personal / corporate income tax in accordance with the Thai Revenue Code. Rental distributions made to non-resident (foreign) owners and Thai tax resident owners are subject to 15% and 5% withholding tax respectively. Such withholding taxes will be treated as a tax credit for the aforesaid income tax.

Note: applicable tax rates are current at the date of issue of this FAQ and may be subject to changes. The unit owner shall be responsible for any income and any other taxes, duties and fees of whatever nature which may be levied by relevant authorities on the unit in connection with the rental. All unit owners are advised to seek their own tax advice in this regard.

No. All rentals must be conducted through the manager.

No. A standard furniture package will be required in all apartments.

Yes, subject to the terms and conditions imposed under the rental program selected. Blackout dates apply for stays in the investment rental program. However, all reservations by owners for their stays are subject to availability. However, the manager will endeavor to provide a similar apartment for your stay if your apartment is unavailable.

High season periods such as Christmas, New Year, Chinese New Year and Easter.

High season periods are the busiest time of the year. It is during these times when demand is highest and the best opportunity exists to yield maximum rental returns.

Owners should provide as much notice as possible as apartments may be pre-booked with third party guests, particularly for stays during high season periods.

Yes, subject to terms and conditions of the rental agreement (e.g. owners’ guests may be required to be pre-registered with the manager).

No.

For apartments being rented out, these costs will be covered by the revenue share retained by the manager. For apartments being occupied by owners, utilities will be based upon the consumption / costs incurred.

Yes, the apartments will be professionally managed. Investment and lifestyle rental options are available.

The investment rental program - entitles owners to 30 days stay per year outside of the blackout dates (during the high/peak season periods) in order to maximize rental returns. Apartments in this rental program will be first priority for rental.

The lifestyle rental program - entitles owners up to 90 days stay per year including blackout dates (during the high/peak season periods) in order to enjoy a balance between rental returns and lifestyle benefits. Apartments in this rental program will be second priority for rental.

Rental distributions made to non-resident (foreign) owners are subject to 15% withholding tax. Rental earned by Thai tax residents are subject to 5% withholding tax.

Note: applicable tax rates are current at the date of issue of this FAQ and may be subject to changes.

The rental returns paid to owners will be calculated based upon a 40% share of room revenue (the other 60% being retained by the manager to cover operating expenses of the rental program). In addition, 3% of room revenue is held in a reserve fund for future refurbishment costs.

An example of how the return returns will determined is set out below:

Note: the operation of the rental program is at the discretion of the manager and may be subject to change. The above example is indicative only of how the rental returns will be determined and may not reflect the actual returns achieved.

Since the apartments are in a prime location and are professionally managed, there is potential for good rental returns and capital appreciation.

The table below, indicates the potential gross rental yields based upon the assumptions shown:

The figures above are for illustrative purposes only and should not be relied upon as forming a representation or guarantee as to the actual returns which may differ significantly from the above.

Owners will be paid rental returns direct to their nominated bank on a quarterly basis.

No. All rentals must be conducted through the manager.

Yes, subject to the terms and conditions imposed under the rental program selected. Blackout dates apply for stays in the investment rental program. However, all reservations by owners for their stays are subject to availability. However, the manager will endeavor to provide a similar apartment for your stay if your apartment is unavailable.

High season periods such as Christmas, New Year, Chinese New Year and Easter.

High season periods are the busiest time of the year. It is during these times when demand is highest and the best opportunity exists to yield maximum rental returns.

Owners should provide as much notice as possible as apartments may be pre-booked with third party guests, particularly for stays during high season periods.

No. A standard furniture package will be required in all apartments.

Yes, subject to terms and conditions of the rental agreement (e.g. owners’ guests may be required to be pre-registered with the manager).

For apartments being rented out, these costs will be covered by the revenue share retained by the manager. For apartments being occupied by owners, utilities will be based upon the consumption / costs incurred.

No.

The common areas within the project will be professionally managed and services will include maintenance, pest control, gardening, pool cleaning, security, etc. A common area fee will be charged to all owners for services provided in respect of common property based upon the costs incurred. For apartments being rented out, standard hotel type services costs will be covered by the revenue share retained by the manager. For apartments being occupied by owners, a schedule of rates will apply for various services offered.

These will be charged based upon costs incurred.

These will be charged based upon costs incurred.

The common areas within the project will be professionally managed and services will include maintenance, pest control, gardening, pool cleaning, security, etc. A common area fee will be charged to all owners for services provided in respect of common property based upon the costs incurred. For apartments being rented out, standard hotel type services costs will be covered by the revenue share retained by the manager. For apartments being occupied by owners, a schedule of rates will apply for various services offered.

Owners will receive a ‘Sanctuary Club’ card which entitles holders to discounts and privileges at all Banyan Tree, Angsana and Laguna Resorts worldwide.

• 30% discount on best available rates for hotel accommodation
• 25% discount on food and beverage
• 30% discount on golf green fees
• 20% discount on a-la-carte spa menu
• 15% discount on gallery merchandise
• 15% discount on in-house tours
• 15% discount on laundry
• 10% discount airport and ferry terminal transfers
• Priority wait-list on reservations
• Early check-in / late check-out

**Terms and conditions apply.

Owners will receive a ‘Sanctuary Club’ card which entitles holders to discounts and privileges at all Banyan Tree, Angsana and Laguna Resorts worldwide.

• 30% discount on best available rates for hotel accommodation
• 25% discount on food and beverage
• 20% discount on golf green fees
• 20% discount on a-la-carte spa menu
• 15% discount on gallery merchandise
• 15% discount on in-house tours
• 15% discount on laundry
• 10% discount airport and ferry terminal transfers
• Priority wait-list on reservations
• Early check-in / late check-out

**Terms and conditions apply.

Owners can exchange part of their annual use entitlement for free stays at participating properties within the global network.

There are 2 options available:

Option 1: 100% payment upon purchase / during construction

1. Concrete structure substantially completed
2. Roof, brickwork and rendering substantially completed
3. Electrical conduits and pipe work substantially completed

Option 2: 50% payment upon purchase / during construction with 50% deferred payment over 1, 3 or 5 years

1. Concrete structure substantially completed
2. Roof, brickwork and rendering substantially completed
3. Electrical conduits and pipe work substantially completed
4. See table below

Notes: 1. All amounts are stated in Thai Baht. 2. The above table sets out the estimated payments required under the respective payment plans for selling prices between THB 5,500,000-10,000,000. 3. The estimated payments are indicative only and the developer / seller does not accept any responsibility or liability whatsoever for any inaccuracies or omissions. 4. Payment terms are subject to change without notice.

There are 2 options available:

Option 1: 100% payment upon purchase / during construction

1. Concrete structure substantially completed
2. Roof, brickwork and rendering substantially completed
3. Electrical conduits and pipe work substantially completed

Option 2: 50% payment upon purchase / during construction with 50% deferred payment over 1, 3 or 5 years

1. Concrete structure substantially completed
2. Roof, brickwork and rendering substantially completed
3. Electrical conduits and pipe work substantially completed
4. See table below

1. All amounts are stated in Thai Baht.
2. The above table sets out the estimated payments required under the respective payment plans for selling prices between THB 4,500,000-10,000,000.
3. The estimated payments are indicative only and the developer / seller does not accept any responsibility or liability whatsoever for any inaccuracies or omissions.
4. One year deferred plan is 12 equal monthly installments (3% interest applies).
5. Three year deferred plan is 36 equal monthly installments (5% interest applies).
6. Five year deferred plan is 60 equal monthly installments (7% interest applies).
7. Payment terms are subject to change without notice.