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24/11/2009 - Two new developments launch in Patong  24/11/2009 - Two new developments launch in Patong

This month sees the launch of two new projects in Patong, The Privilege located on the beach road from Kalim and The Unity, a 500m walk from Patong's bustling town centre.  Both projects offer investors an opportunity to enter into the secondary home market at a reasonable price and discounts are available for early purchasers.

Patong is one of Phuket's busiest tourist towns and famed for it's nightlife, street markets and ladyboys.  It is popular with tourists of all generations and a good location to invest in a property to provide a rental income or a holiday home.

The Privilege at The Baycliff is the second project from the well regarded Thai developer, Baycliff Development Co. Ltd.  Located on gently sloping land and with panoramic ocean views over Patong Bay, The Privilege pro vides a range of one, two and three bedroom condominiums in a quiet location, yet within striking distance of the entertainment areas of Patong.

Designed by KTGY Inter-Association Co. Ltd., an award winning multi-national company, the project consists of fifty four apartments distributed between three separate buildings.  Standard units feature large balconies and private plunge pools, a dedicated car parking space, customised interior decoration with an interior consultant, walk-in closets in the master bedroom, built-in kitchens with high-end electrical appliances and a home automation system.  Each unit has been carefully designed and only the highest quality materials have been selected.

One bedroom units have between 50m2 and 76m2 of living space with a number of different layout configurations. These are priced from 9,940,000 Baht.  

Two bedroom units feature between 130m2 and 156m2 of living space, each bedroom has a spacious balcony to optimise the ocean views. Prices for two bedroom units start from 25,872,000 Baht.

A small number of three bedroom penthouse apartments are available with living areas between 168m2 and 191m2.  These offer commanding views over Patong bay and the ultimate in luxury, being located at the top of each building. Penthouse units also have the additional advantage of a private plunge pool. Prices for penthouses start at 44,240,000 Baht.

Owners will be able to take advantage of extensive communal facilities including a club house with state of the art fitness room, sauna, steam room, games room, library, wine cellar and bar.  A well landscaped and protected Children's playground will sit under shaded trees and an infinity-edged swimming pool will provide the ideal location for relaxation.  Construction will begin in late 2009 and completion is scheduled for late 2011.

For those who can146t wait, a handful of re-sale units are available in the previous development, The Baycliff, where one bedroom units start from 6,059,000 Baht.

The second of our featured developments, The Unity Patong, comprises of two towers on a land plot of 3,732m2.  Tower A is seven storeys and consists of studio, one, two and three bedroom apartments.  Sizes for studios are from 42m2 with three bedroom apartments having a living area of 152m2.  When completed, facilities on site will include a communal infinity-edged swimming pool, landscaped gardens, underground parking, CCTV, key card access and 24 hour security system.

Buyers can currently benefit from a 5% early bird discount with prices starting from just  2,907,000 Baht and favorable payment terms can be negotiated.  Construction will begin on The Unity at the end of 2009 and is expected to take around 18 months.

Both The Privilege at The Baycliff and The Unity are condominiums developments which allows overseas buyers to purchase their property freehold and grants the assurance of a mandatory two year structural guarantee.

Patong has been a long term favourite for new-comers to Phuket and for those who love to be in the hub of a thriving town. Buyers in either of these properties, in the heart of Phuket's main entertainment district, have the opportunity to buy into a new development at a good discount and lock in healthy returns on their investment.






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