Banyan Villas
Banyan Villa
Company Profile Palm Construction Co., Ltd. is a real estate developer run by professionals whose experience encompasses three generations of family expertise. It offers quality and unsurpassed service for those seeking a piece of paradise on Samui As the third generation of builders in my family covering over 80 years, I consider that our knowledge is second to none. As a developer in the UK, New Zealand, Australia and now Thailand with Vietnam shortly to follow in late 08, I am bringing a world of experience plus more importantly, western building standards to all our developments. With our quality in construction to high end European finishing’s, our construction guarantees and a 6 month return to site policy, I feel our customers will be getting the best security possible on their investment.
Palm Construction and our developments at Banyan Heights and Bophut Hills are both new to Koh Samui. This has given us the opportunity to take a fresh new look into all aspects of the property market in Koh Samui and undertake research to evaluate new owner’s requirements. Our research was collected by ourselves, independent surveys and with the help of local knowledge. We became aware early on in our research that buyers are becoming more discerning, they expect more for their money and realise that they have a choice. The following criteria were said to be of paramount importance when choosing a property. * High security both for the estate and individual villas. * Secluded and private environment. * Easily accessible from the main roads and close to
restaurants, shopping, hospitals and recreational facilities. * Large living areas, single, or two story dwellings. * Large outside living areas. * Design in keeping with Thai tradition. * Maintenance efficient materials. * High quality floor finishing. * Intelligent building with UBC satellite, ADSL broadband or satellite internet and wired for music throughout including outside areas. * Community facilities such as tennis courts. * Clubhouse, swimming and fitness facilities. * Views, views and more views. We have taken all our research into account when designing our projects to give our clients the best investment possible possible.
Company Profile Managing Samui Co., Ltd is an established facilities management company based centrally and conveniently at Samui Town Center, Bophut, Koh Samui, Thailand. We have both European and Thai staff and have the benefit from in house accountants, graphic designers, web designers and administrators who compliment our primary business and our service to you. We form part of a group of companies on Koh Samui that offer services through construction, sales and rentals, human resources fulfillment, facilities management, legal and accounting, promotion, event planning and graphic design and print management. We have a large labour pool of resources at our disposal to respond to most clients need in a timely, efficient and cost effective manner. We have trained and managed staff in all areas of general and preventative maintenance which includes our own western electricians, plumbers, skilled carpenters, painters and engineers. We can offer assistance and support in all areas of your business, both fulfilling roles and complimenting existing services and are happy to offer help and advice on anything we can lend a hand too. We are a very flexible company in a very variable world and are happy to discuss the needs of clients from individual villa’s and apartments right through to housing projects, resorts and hotels and restaurants.
Mission Statement: Our mission is to expand, continually improve and to challenge ourselves, by constantly searching for better ways to deliver service excellence.
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Company Profile Our company was established to provide financing for individuals to acquire their own home or investment property in countries where normal mortgage facilities are unavailable. We offer a structured and clear financial service giving everyone the opportunity to invest in property overseas without the normal constraints of most financial institutions. Our Experience From individual homes, to $1.1 Billion baht retirement village completed in late 2007, we have formulated a straight forward, financial service for all potential Australasian property owners. Our Performance Our performance is first rate, with no direct cash funding and the land title paper held by an independent law firm, we are able to give you the best possible service and security. We have set guidelines to ensure your investment. * Pre-set, re-payment and payment schedules. * Guaranteed performance of your property/investment. (provided by your approved developer) With all this in place before your investment has commenced we feel our performance and service is second to none.
Company Profile Our company was established to provide financing for individuals to acquire their own home or investment property in countries where normal mortgage facilities are unavailable. We offer a structured and clear financial service giving everyone the opportunity to invest in property overseas without the normal constraints of most financial institutions. Our Experience From individual homes, to $1.1 Billion baht retirement village completed in late 2007, we have formulated a straight forward, financial service for all potential Australasian property owners. Our Performance Our performance is first rate, with no direct cash funding and the land title paper held by an independent law firm, we are able to give you the best possible service and security. We have set guidelines to ensure your investment.
ECO REAL ESTATE ASIA Co.,Ltd
* Pre-set, re-payment and payment schedules. * Guaranteed performance of your property/investment. (provided by your approved developer) With all this in place before your investment has commenced we feel our performance and service is second to none.
Banyan Villas
Key Future Palm Construction Co., Ltd. is a real estate developer run by professionals whose experience encompasses three generations of family expertise. It offers quality and unsurpassed service for those seeking a piece of paradise on Samui As the third generation of builders in my family covering over 80 years, I consider that our knowledge is second to none. As a developer in the UK, New Zealand, Australia and now Thailand with Vietnam shortly to follow in late 08, I am bringing a world of experience plus more importantly, western building standards to all our developments. With our quality in construction to high end European finishing’s, our construction guarantees and a 6 month return to site policy, I feel our customers will be getting the best security possible on their investment. Palm Construction and our developments at Banyan Heights and Bophut Hills are both new to Koh Samui. This has given us the opportunity to take a fresh new look into all aspects of the property market in Koh Samui and undertake research to evaluate new owner’s requirements. Our research was collected by ourselves, independent surveys and with the help of local knowledge. We became aware early on in our research that buyers are becoming more discerning, they expect more for their money and realise that they have a choice. The following criteria were said to be of paramount importance when choosing a property.
* High security both for the estate and individual villas. * Secluded and private environment. * Easily accessible from the main roads and close to restaurants, shopping, hospitals and recreational facilities. * Large living areas, single, or two story dwellings. * Large outside living areas. * Design in keeping with Thai tradition. * Maintenance efficient materials. * High quality floor finishing. * Intelligent building with UBC satellite, ADSL broadband or satellite internet and wired for music throughout including outside areas. * Community facilities such as tennis courts. * Clubhouse, swimming and fitness facilities. * Views, views and more views. We have taken all our research into account when designing our projects to give our clients the best investment possible possible.
Banyan Villas
Banyan Villas
The Location Set high in the hills overlooking internationally famous Fisherman’s Village at Bo Phut, Banyan Villas comprises 21 detached three bedroom villas, all with private pool. The properties enjoy stunning views across Bo phut and the ocean toward the island of Koh Phangan. The best facilities on the island are all close by; the fine dining of Fisherman’s Village, Tesco Lotus, Major Cinema Complex, Big C are all just a few minutes away and the airport and Santiburi Golf Course are within 15 minutes drive. The project has been designed to be in keeping with Thai architecture but with international standards and comforts. The roof lines on all the villas and salas are in the traditional Thai style with light coloured roof tiles used to achieve a softer look. The project is being developed in 3 phases to minimize disruption for early buyers and smooth the entire construction process.
Banyan Villas
First class build and finishing with 10 year structural integrity guarantee and ‘six month return to site policy’
* See section Bringing Western Standards of Construction to Koh Samui and section Six Month Return to Site Policy
Key Investment Considerations Mortgage finance is available, from an independent finance company, allowing buyers to leverage their investment * See Mortgage finance section
Guaranteed rental returns with no mortgage repayment for 2 years For borrowing of up to 50%, and a term of up to 15 years, a guaranteed rental return is on offer so that the investor has no repayment to make for 2 years
Full property management services available on request Owners are invited to join the property management scheme in order to achieve rental yields in line with market rates for luxury holiday villas in Koh Samui. The program includes, but is not limited to: • Resort marketing • Airport transfer • Provision of check-in/check-out services • Provision of room cleaning service before and after each visitor • Property maintenance and technical assistance
Prime location just minutes from fashionable Fisherman’s The best facilities on the island are all close by; the fine dining of Fisherman’s Village, Tesco Lotus, Major Cinema Complex, Big C are all just a few minutes away and the airport and Santiburi Golf Course are within 15 minutes drive.
First class build and finishing with 10 year structural integrity guarantee and ‘six month return to site policy’
* See section Bringing Western Standards of Construction to Koh Samui and section Six Month Return to Site Policy
Samui - an investment hotspot within Thailand Koh Samui has become a haven for high net-worth individuals. Hard evidence for this is emergence of world renowned five star hotel companies who, after in-depth analysis and feasibility studies, have chosen this island as a new destination for their resorts. The Four Seasons have already opened up and The Conrad, The Mandarin Oriental and The Hyatt are following suit. Further enhancing its investment appeal, Samui is also now very accessible via air, with direct flights from Bangkok, Malaysia, Singapore and Hong Kong.
Banyan Villas
Mortgage Finance
Palm Construction has acquired the services of Global Financial Services Australasia (GFS - see www.gfsaustralasia.com) , an independent finance company registered in the Channel Isles which has been providing financial services to UK since 1987, in order to offer financing on its entire project.
Financing and charges
Mortgage Finance
• Fixed interest rate of 7.6%* • Financial assistance up to 60%* (LTV) Loan to Value. • Financing is available up to 15* years from the completion of your property. • No personal guarantee required or secondary securities. * Standard lending terms are up to 50% (LTV) and up to 10 years. * Financial assistance up to a maximum of 60% and/or 15 years may be available on particular developments only. * A higher interest rate may be applicable on extended terms.
Developer Finance versus finance from independent proven finance company With developer finance, as long as the development company continues to operate, your financing should remain unchanged. However, should the developer at any time during the term of the loan cease operations or be sold your financial agreement will become the property of an independent liquidator or an individual. The new owner of your mortgage may not perceive the financing you had with the original financer as a true or legal financial arrangement or a legitimate transaction and therefore not honor your agreement. The new owner might then ask for full repayment of your loan immediately, and there would be little legal recourse available to you. Lastly when borrowing from GFS, an independent finance company, you also have the possibility of refinancing in the future (subject to a fee), i.e. you have this flexibility just like a typical repayment mortgage in your country of residence.
Banyan Villas
Bringing Western Standards of Construction to Koh Samui
Palm Construction Co., Ltd. is a real estate developer run by professionals whose experience encompasses three generations of family expertise. It offers quality and unsurpassed service for those seeking a property in Samui. As the third generation of builders in my family covering over 80 years, I consider that our knowledge is second to none. As a developer in the UK, New Zealand, Australia and now
Thailand with Vietnam shortly to follow in late 08, I am bringing a world of experience plus more importantly, western building standards to all our developments. With our quality in construction to high end European finishing’s, our construction guarantees and a 6 month return to site policy, I feel our customers will be getting the best security possible on their investment. Palm Construction and our developments are both new to Koh Samui giving us the opportunity to take a fresh new look into all aspects of the property market in Samui and undertake research to evaluate new owner’s requirements. Our research was collected by ourselves, independent surveys and with the help of local knowledge. We became aware early on in our research that buyers are becoming more discerning, they expect more for their money and realise that they have a choice. At Palm we aim to offer the very best service and pay attention to detail at all times we guarantee our services from day one. We have also set guidelines for our company to try and minimize our environmental impact on Koh Samui. Our aims are: • Implement an Environmental Management Plan. • Achieve Energy Efficiency and lower energy use. • Offset Environmental Impact of our development. • Build Sustainable Developments. • Achieve International Environmental Guidelines. • We should all be trying to make a difference
Banyan Villas
The Development • This prime residential development is set in the hills over looking Bophut, the internationally famous Fisherman’s Village on the tropical island of Koh Samui, Thailand. The project has stunning views across Bophut and the ocean toward the island of Koh Phangan. The area is known as “Banyan Heights” its location gives this project a clear edge over many others. • The land rises steeply from front to back. The difference in elevation is approximately 30m, giving each villa spectacular sea views.
Financing • There is very limited, local bank support for foreign investors in Thailand. The labyrinthine process of arranging financing makes the process too complicated for many investors. • With this in mind Palm Construction has acquired the services of Global Financial Services Australasia (GFS) to offer financing on its entire project at Banyan Heights. We offer tailor made financing of up to 60% and a fixed interest rate of 7.6% we only development on Koh Samui offering independent financing.
Banyan Villas
Building Guarantee
Six Month Return to Site Policy
Construction Schedule
With quality of construction and finishing to Western standards, Palm Construction presents every owner with a 10 year Structural Integrity Guarantee, and a one year defects warrantee, on their property upon completion.
Six months after the completion of your property, Palm Construction will return to site to undertake any works that have arisen since completion. Until completed, the owner will retain 5% of the total construction cost.
Construction is well underway and the completion date of the phases is as follows: • Phase 1 March 09 • Phase 2 October 09 • Phase 3 May 10
Payment Schedule with 50% Finance
Prices and Designs
Stage 1 15% cash upon signing contracts Stage 2 15% cash upon completion of foundations/ground works Stage 3 20% cash, plus 10% GFS finance, upon completion of the superstructure Stage 4 30% GFS finance upon completion of the internal finishing’s Stage 5 5% GFS finance upon handover. (less deposit) Final payment 5% GFS finance upon completion of our “Six month return to site policy”
A range of designs are available with offplan launch prices between 15M THB and 40M THB.
Payment Schedule No Finance Stage 1 15% cash upon signing contracts Stage 2 15% cash upon completion of foundations/ground works Stage 3 20% cash, plus 10% GFS finance, upon completion of the superstructure Stage 4 30% GFS finance upon completion of the internal finishing’s Stage 5 5% GFS finance upon handover. (less deposit) Final payment 5% GFS finance upon completion of our “Six month return to site policy”
Reservation The reservation fee is 100,000 baht, refundable, which takes a property off the market for 30 days.
Payment Schedule The payment schedule for Banyan Villas is designed to give clients added security on their investment and the opportunity to be totally satisfied with each stage of construction before making any further payment. In fact, 100% of payments are payable only upon successful completion of the “Six month return to site policy”.
Banyan Villas
Payment Terms
Palm Construction has structured its terms in such a way that 100% of your or your clients payments are payable upon completed. Our aim is to give you and your client added security on your/their investment and the opportunity to be totally satisfied with each stage of construction before making any further payment. Set out below is our payment structure and percentages due per stage.
Selling Price
15% upon signing contracts
15% upon completion of foundation /ground work.
30% upon completion of the superstructure.
30% upon completion of the internal finishing’s.
5% upon handover. (less deposit)
390/336
15,000,000
2,250,000
2,250,000
4,500,000
4,500,000
500,000
Final Payment 5% upon completion of our “Six month return to site policy”. 750,000
3
363/336
Sold
2,306,250
2,306,250
4,612,500
4,612,500
518,750
768,750
4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
376/370 376/370 406/370 422/380 422/380 420/380 422/395 422/395 422/395 438/ TBA 438/ TBA 438/ TBA 484/ TBA 484/ TBA 510/ TBA 461/ TBA
23,500,000 23,500,000 23,867,000 Sold 27,000,000 Sold TBA TBA Sold TBA TBA TBA TBA TBA TBA TBA
3,525,000 3,525,000 3,580,050 4,050,000 4,050,000 4,050,000 TBA TBA TBA TBA TBA TBA TBA TBA TBA TBA
3,525,000 3,525,000 3,580,050 4,050,000 4,050,000 4,050,000 TBA TBA TBA TBA TBA TBA TBA TBA TBA TBA
7,050,000 7,050,000 7,160,100 8,100,000 8,100,000 8,100,000 TBA TBA TBA TBA TBA TBA TBA TBA TBA TBA
7,050,000 7,050,000 7,160,100 8,100,000 8,100,000 8,100,000 TBA TBA TBA TBA TBA TBA TBA TBA TBA TBA
925,000 925,000 943,350 1,100,000 1,100,000 1,100,000 TBA TBA TBA TBA TBA TBA TBA TBA TBA TBA
1,175,000 1,175,000 1,193,350 1,350,000 1,350,000 1,350,000 TBA TBA TBA TBA TBA TBA TBA TBA TBA TBA
Stage 1 Type
Plot No.
Total Land / Build Area
A
2
A B B B C C C D D D E E E F F F G
* Deposit 250,000 Baht (Non refundable but transferable)
Stage 2
Stage 3
Stage 4
Stage 5
Banyan Villas
Rental guarantee
No repayments for two years* 7.2% Net rental guarantee for two years. 10-year structural guarantee. 6-month return to site policy* 1-year defects warranty. All stage payments payable “only upon completion” of each stage. Land title insurance available (add 0.35% of value if required) Owner receives 4 weeks low season and 2 weeks high season usage per year during rental guarantee period. High Season Jan 11, 2008 Apr 30, 2008
Low Season May 01, 2008 Jun 30, 2008
High Season Jul 01, 2008 Sep 30, 2008
Low Season Oct 01, 2008 Dec 15, 2008
Peak Season Dec 16, 2008 Jan 10, 2009
Example: B Type villa 23,500,000 THB 50% Financing: = 11,750,000 THB Re-payments:
(£361,538) (£180,769.00)
(€460,784) (€230,392)
£2,155.00 per month (i.e. Two years, 24 months = 51,720) €2,148.00 per month (i.e. Two years, 24 months = 51,552)
7.2% Net rental guarantee per annum for 2-years: Rental guarantee:
3,384,000 THB (£52,061.00)
C Type villa 27,000,000 THB 50% Financing: = 13,500,000 THB Re-payments:
(£415,384) (£207,692.00)
(€66,352.00) (€529,411) (€264,705)
£2,476.00 (i.e. Two years, 24 months = 59,424) €3,155.00 (i.e. Two years, 24 months = 75,720)
7.2% Net rental guarantee per annum for 2-years: Rental guarantee:
3,888,000 THB
(£59,815.00) (€76,235.00)
I.e. Customers pay 11,750,000 THB during construction with no more to pay for 2-years. Repayment period starts upon completion of property and transfer of ownership. Rental guarantee covers all monthly re-payments directly to GFS for 2-years. In doing so NO compound interest will accrue during the two years of none re-payment, leaving 8-years to pay after rental guarantee period. Repairs, maid, water, electric and government rates are all payable by the owner during the two-year rental guarantee period. * With a rental guarantee of 7.2% of the purchase price it represents 14.4% return per annum on purchaser investment. * No compound interest is due the re-payment being covered by the rental guarantee. * Includes 5% being retained by owner. * Exchange is only approximate.