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| Undoubtfully one of the most prestigeous villa developments to take place since The Amman Resort. This development offers buyers large Villa homes with land parcels of up to 3600 Sq.M situated on the headland of Cape Yamu in a natural tropical parkland environment. World Renown desginer Phillipe Stark has prepared interior layout packages to complitment this magnificent setting. |
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The Vision:
Nestled along the shores of a private gated peninsula, Cape Yamu is Phuket’s newest and most unique ocean front resort community. Initially, 38 luxury villas are being offered. A five star boutique hotel with spa and other resort facilities will also be built together with additional hotel villas and luxury cabanas. World famous designer, Philippe Starck has teamed with international architect Jean Michel Gathy of Aman resort fame. The Villa designs they have created retain elements of Thai traditional architecture yet offer fresh and inspiring spatial and visual approaches
to ocean front living. Starck will also offer classical, as well as modern interior design packages with his own special features.
Large Estates, averaging 3200 m2 (two rai) each, are being established on this private peninsula stretching a kilometer out into the Andaman Sea on Phuket’s fashionable east coast. Almost every estate is oceanfront, nestled along 3 kms of beaches and bluffs.
Purchasers may opt for varying sizes of Villas for their Estate lot to suit their needs and will have several versions of Villa layouts from which to choose.
Landscaping will be stylish and abundant.
The five star hotel will be located on one of Cape Yamu’s hill tops with commanding 360 degree views of the Phuket sea with its many islands and back drop of the unique islands of Phang-Nga jutting straight up from the sea. The hotel will be small, under 75 rooms, but with exquisite facilities including a Spa, a special Club Villa program, large swimming pool and international restaurants. Management of the Villas, for upkeep, housekeeping, amenity services and rental program will be thorough, exacting and run by a the hotel which will offer personnel experienced in the finest management services offered on Phuket Island.
Project Development Plan:
Development of the initial 38 Villas on two-rai (average sized) ocean front parcels in a gated secure community. Each lot to be serviced with paved road, potable and irrigation water, under ground power and waste treatment facilities. The Development will include a five star hotel and offer cutting edge management services for construction of homes and after construction rental, home maintenance, housekeeping, amenity and gardening services.
Community Facilities will include: Secure, landscaped entry with guard house and gate, Hotel, Spa, international restaurants, Tennis facilities and children’s’ playground with common swimming pool. Reception/management offices. Small grocery market.
The Residential Villas:
As stated above, the Residential Villas represent a modern interpretation of Thai designs and themes. They will have contemporary interiors designed for modern living. Heavy landscaping will provide natural barriers between the estates. Preliminary home styles will be available shortly. Homes will be from 350 sq. mtrs. to 600 sq. mtrs.
Price of the Estates:
Most of the Estate Parcels will be priced from 15 million per rai. Each Estate averages two rai or larger. The Villa costs will be based on actual construction contracts plus construction management fee. There is no developer mark up.
Forms of Ownership:
a. Estates will be sold as three continuous 30-year leases (90 years). At the end of 30 years the opportunity for Lessee to purchase the freehold will be considered, so long as the title is transferred into a Thai entity and in other respects it is determined that it can be legally processed. Lessees will also have a controlling ownership interest in the “Lessor”, a freehold, land holding company.
b. Estates ownership will be legally structured by:
i. Master Agreement
ii. Lease Agreement with the Lease obligations, easements and regulations
iii. A Maintenance and Management Agreement
c. Villa construction will be legally structured by:
i. Individual Construction Contract with Contractor.
ii. Construction Management Agreement.
d. Some of these Agreements may be combined and collectively will regulate the management of homes and landscaping, limit usage to residential use only, establish maintenance fees for common area of the property, establish easements on roads and
paths to tennis facilities and beaches, create a management relationship with the project management program.
Reservations and Purchase Procedure
Reservations Commitments will be taken with 150,000 Baht deposits. The Reservation Period is 25 days. All reservation and purchase deposits will be held in Trust by the International Law firm, Robertsons Solicitors based in Hong Kong until closing, at which time Seller delivers Lease to Purchaser. Reservations cancelled during the 25 days will allow 100% refund of reservation fee. Those choosing to purchase will need to execute the Master Agreement and fund their down payment of 10% of Land Purchase Price.
Thirty days thereafter a payment of 45% is due and thirty days after this the final balance of the land purchase price is paid. Upon closing of Estate Lot all land purchase funds will be released to Seller/Lessor. Payment for the Villa component will be paid by an initial deposit and monthly payments on the Construction and Construction Management contracts until the Villa is completed.
Procedure for Contracting Villa Construction During the due diligence/reservation period the purchaser should acquaint themselves with the Villa designs. After making their 10% deposit they should arrange to meet with the Development management team and discuss the custom fitting of their chosen model on their chosen estate. Prior to closing the land purchase, they must also execute a contract for the construction of the Villa
that they have chosen. |
