ALL ABOUT ROYAL PHUKET MARINA
WHAT IS ROYAL PHUKET MARINA?
Phuket's award winning state-of-the-art marina is the 'paradise' island's premier lifestyle destination. It is devoted to sailing, sports and leisure, with luxury residences and shopping facilities set amidst landscaped parks and gardens.
Phase 2 - will launch in spring 2007 and entail 15 four-storey Aquaminium condos, with private internal boat garages for the penthouses and private moorings on the doorstep of the two duplex condominiums.
The Boardwalk at RPM is where we shop, dine and live at leisure. Enjoy gourmet restaurants, browse specialty stores and shop for marina and boating necessities, water sports equipment and home décor
Hospitals: Bangkok Phuket Hospital, Mission Hospital / Golf: Blue Canyon, Phuket Country Club, Banyan Tree / Schools: British (Curriculum) International School / Shopping: Tesco Lotus, Big C, Macro, Index, Central Festival
Each berth offers electricity and fresh water, broadband Internet, telephone lines and cable TV. At the fuel dock, boats are provided with diesel and unleaded petrol, as well as sewage removal.
WHERE IS ROYAL PHUKET MARINA LOCATED?
Strategically located on the centre of Phuket's eastern seaboard, RPM is the gateway to Thailand's famous Phang Nga Bay and its many island paradises, with the top island amenities all in easy reach.
Gulu Lalvani, founder and chairman of Binatone Telecom Group, the world's second largest manufacturer of digital cordless phones. His vision is to create a first-class marina and lifestyle hub on par with the best in the world.
Property ownership in Thailand
1. Freehold ownership of condominiums
Royal Phuket Marina Condominiums and Penthouses are available for outright Freehold ownership by foreigners.The Condominium Act of 1979 gives buyers a title to part of a building or buildings with multiple owners. It also confers a fractional interest in the land and other common assets and areas. Note that Thai Law allows foreigners to own only up to 49% of the units in a Condominium development. So supply is rather limited.
In transferring title of a condominium unit, the foreign buyer and the seller are required to pay a government fee at the rate of 0.01% of the appraisal price of the property. The foreign buyer and Royal Phuket Marina are liable for joint payment of the government fee in equal amounts. Apart from foregoing Government fee, the foreign buyer is not liable to pay any other tax and fee for purchasing the condominium unit.
2. Ownership of Villa and Land
A foreigner may own, Freehold, all buildings and improvements to such buildings.
Currently under the Land Act, neither an individual foreigner nor a foreign corporate entity may purchase and hold title of land in Thailand, however, effective Land ownership can be secured, whilst complying with the laws of Thailand, via the following methods
A safe and secure registered long term lease: an individual foreigner or a foreign corporate entity may enter into a long term lease agreement, i.e. 30 years for the right to use of such Property, typically with 2 x 30 year extensions, making a total of 90 years.
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Royal Phuket Marina
68 Moo 2, Thepkasattri Rd.,
Kohkaew, Muang, Phuket 83000 Thailand
Tel: +66 (0)76 360 811 - 4
Fax: +66 (0)76 360 815