Phuket is Thailand’s largest island and is one of the world’s most attractive destinations. There are over 1,800 hotels and resorts in the entire province. Its pristine beaches are home to some 400,000 residents, but they welcome over 14 million holiday visitors by the end of 2022.
Reasons why Phuket should be at the top of your list:
Affordability of property prices
Property prices in Phuket are one of the main reasons people want to invest. The average prices of condominiums ranged from 80,000 to 130,000 THB per square meter or 2,500 to 4,100 USD. In stark contrast, the cheapest one-bedroom apartment in Singapore will cost at least 12,000 USD per square meter. Thailand also does not impose taxes on foreign buyers, making it an enticing destination for international investors.
Big Infrastructure Project
The infrastructure of Phuket has transformed dramatically over the past 15 years. A light railway transit connecting the international airport to the resort areas promises to cut travel time and decrease congestion on the highways. Phuket has also established various commercial centers, health facilities, and international schools that cater to the increasing number of visitors and the growing number of people who call the island home.
Accessibility to urban centers
Phuket is only a one hour flight away from Bangkok, an international hub for travelers from Europe and the Middle East. Many Asian countries already offer direct flights to Phuket’s bustling international airport, making the island an incredibly attractive choice for a quick getaway.
Rising demand for rental properties
Tourism has not only benefited hotel properties but other types of short-term housing rentals as well. High-end condominiums and villas are attractive because of their high return on investments, with some developments achieving a 6-7% annual yield. According to a report from the Bangkok Post, the supply of new condominiums grew as much as 30% from the previous year in response to increasing demand from foreign investors from China, Singapore, and Hong Kong.
Even with plenty of supply, many investors are showing confidence in the future potential of Phuket. According to Colliers International, of the over 16,000 new condo units launched that year, more than 70% were already sold.
All these reasons are driving the demand for investment-worthy housing developments on the island. Buying property in Phuket can be a lucrative way to grow your wealth with long-term gains on passive rental income. The relatively affordable prices and strategic development around the island make Phuket not only an attractive place to invest but potentially a great place to call home.
Disclaimer:The information, text, photos contained herein are provided solely for the convenience of interested parties and no warranty or representation as to their accuracy, correctness or completeness is made by Ashton Hawks or the sellers, none of whom shall have any liability or obligation with respect thereto. These offerings are made subject to contract, correction of errors, omissions, prior sales, change of price or terms or withdrawal from the market without notice. Information provided is for reference only and does not constitute all or any part of a contract. Ashton Hawks and its representatives work exclusively in relation to properties outside Hong Kong and are not required to be nor are licensed under the Estate Agents Ordinance (Cap. 511 of the Laws of Hong Kong) to deal with properties situated in Hong Kong. Digital illustrations are indicative only. *Rental yield is projected by the agency and not guaranteed by the developer.
Before investing in Thailand real estate, you must first understand the general procedures for buying real estate in Thailand. Although most of the procedures for buying property in Thailand are similar to those in Hong Kong, it should be noted that there is generally no brokerage commission for buying a property. Also, the cost will be borne by the seller or developer. Therefore, it is best to seek help from a real estate agent if you want to buy a property in Thailand.
Procedure 1: Property Search
Investors can first search for their favorite real estate in Thailand online. Most real estate websites in Thailand will provide trend information on property prices, rents and rental yields. After investors have selected their favorite real estate, they can contact real estate agents for help. If possible, investors are advised to visit Thailand to inspect the environment in person.
Procedure 2: Hiring a Lawyer and Opening a Thai Bank Account
After you have learned about the real estate information, house type and title period from the real estate agent, you can hire a lawyer to handle legal affairs for you. And remember to open a Thai bank account.
Procedure 3: Deposit
Before paying the deposit, the buyer needs to sign the reserved housing unit document and ensure that the important terms such as the unit number, property price, and payment method on the document are clear and consistent. After that, you can pay 5%-10% of the property price as a deposit by transfer or check.
Procedure 4: Paying the down payment
Before paying the down payment, the buyer must sign a sale and purchase contract with the seller and clearly state the date of ownership transfer in the contract.
Procedure 5: Applying for a mortgage
3 to 6 months before the handover, the buyer can choose to apply for a mortgage for the Thai real estate in a Hong Kong bank, but the interest rate and repayment period of different mortgage plans are different. If you want to apply for a mortgage at the Bank of Thailand, you must pay attention to the fact that you can only borrow up to 50% of the property price.Also, the interest rate is relatively high. Therefore, the best way is to apply for a mortgage from a Hong Kong bank, and then transfer the funds to a Thai bank account for buying a property. However, be careful not to convert Hong Kong dollars into Thai baht in advance, otherwise you will not be able to obtain the FET form (the necessary document for the transfer of title).
Procedure 6: Property acceptance
After receiving the notice from the developer, the buyer can go through the formalities of taking over the building within the specified time. When taking over the building, the buyer may have to pay a one-year management fee, a one-time maintenance fund, water and electricity meters, and the deed tax for handing over the building. In addition, the exact delivery date will be notified.
Procedure 7：Handing over the property
On the day of handover, the buyer will receive the key. The bank will also pay the total amount of the loan to the developer and the balance of the property price must also be paid before then.
Disclaimer:The information, text, photos contained herein are provided solely for the convenience of interested parties and no warranty or representation as to their accuracy, correctness or completeness is made by Ashton Hawks or the sellers, none of whom shall have any liability or obligation with respect thereto. These offerings are made subject to contract, correction of errors, omissions, prior sales, change of price or terms or withdrawal from the market without notice. Information provided is for reference only and does not constitute all or any part of a contract. Ashton Hawks and its representatives work exclusively in relation to properties outside Hong Kong and are not required to be nor are licensed under the Estate Agents Ordinance (Cap. 511 of the Laws of Hong Kong) to deal with properties situated in Hong Kong. Digital illustrations are indicative only. *Rental yield is projected by the agency and not guaranteed by the developer.
Manchester – voted the “Most Liveable City in the UK”, the third “Best City in the World” chasing San Francisco and Amsterdam. People living in Greater Manchester is set to increase to 2.95m by 2031, it isn’t up there with the biggest and best for nothing.
Renaker, leading property developer is famous for delivering Manchester’s most iconic developments, now presents you the latest project – Vista River Gardens at Trinity Island. With a proven track record of delivering sustainable and high-quality developments at pace, investors have long awaited this exciting new release.
Vista River Gardens, is perfectly situated in the heart of Trinity Island, located to the left with the children’s play area and a dedicated dog park on the ground floor. Vista River Gardens is a 55-storey building, with a panoramic view of the charming riverside scenery and the prosperous and bright cityscape. Extraordinary, distinguished guests enjoy the high-rise Manchester city landscape. The development offers 1-bedroom, 2-bedroom, and 3-bedroom apartments ranging in size from 51 to 83 square metres with elevated luxury furnishings.
6 Highlights of the project
The Hortus Lounge | The Speakeasy Lounge | The Verdant Lounge & Kitchen
Co-working space | Gym Room
The Wellness Desk – the climbing wall & outdoor fitness station
The Urbs Suite and The Trinity Suite – the entertaining venues from dinner parties to film nights and gaming events
Urban Tails – fur-friendly paradise, Dog spa and treatment
A resident’s app for you to monitor and book everything easily in life
Famous International Architect SimpsonHaugh is known for its innovative and sustainable designs, and has completed many important projects around the world. Some of its notable works include Manchester’s Beetham Tower, London’s One Blackfriars residences and Manchester’s One St. Peter’s Square office building. The firm is also involved in international projects such as the Royal Academy of Music in Birmingham, UK and the Zendai Himalaya Center in Nanjing, China. Vista River Gardens is a set to be a big hit this year.
SimpsonHaugh has received numerous awards for his work, including the Royal Institute of British Architects (RIBA) Stirling Prize for the Imperial War Museum in Manchester in 2002. The company has also been shortlisted for several other prestigious awards, including the RIBA Lubetkin Award and the Mies van der Rohe Award.
The luxurious Vista River Gardens is just located next to St John’s Culture and Enterprise Quarter which is a modern city center community with a distinct character and a focus on the media and tech industries. It has been designed to enable natural innovators to live, work and play together in a vibrant and culturally diverse environment. Home to workspaces, film studios, businesses, restaurants, and retailers, a key part of St John’s offering are eagerly awaited openings from world-renowned names including the £200m Factory International arts centre and prestigious private members club, Soho House. With a range of fitness and wellness facilities, plus several multi-use event spaces also available.
– 560,000 sq ft Enterprise City with over 10,000 jobs opportunities – Facilities include elegant bars and terraces, ritzy rooftop pool and dynamic co-working spaces
A new £80m UK head office for travel and technology giant, Booking.com
– Largest Arena in Manchester – 23,500 seat capacity and 32 on-site restaurants and bars
OMA’s factory international takes shape in Manchester as a cultural riverside destination this year
The luxury member’s-only club Soho House will arrive this year
Why does Vista River Gardens appeal to everyone?
3 minutes walk to St John’s Culture and Enterprise Quarter
5 minutes drive to well-known international schools – The University of Manchester, University of Salford, and Manchester Metropolitan University
9 minutes walk to Spinningfields – the core financial hub
9 minutes walk to Salford Central Railway
9 minutes walk to Deansgate / Hilton Hotel
9 minutes walk to Salford Central Railway, 5 minutes train time to Manchester Victoria, Deansgate, Manchester Oxford Road. It is easy to access to all the core districts of Manchester.
People always say: “Study for a degree from The University of Manchester and gain a passport to a successful life and career.”
There are 100,000 students per annum across 5 universities in Manchester, and The University of Manchester is ranked 17th in the world. 5 mins drive to University of Salford, Northern Ballet School, Manchester Metropolitan University, The University of Manchester and Royal Northern College of Music.
Spinningfields – the core financial hub in Manchester
Manchester is the second largest consulting market in the UK and a significant number of our FTSE 100 clients have operations there. The city is also easily accessible from neighbouring cities and is a hub that’s rich in talent – particularly digital talent – with an emphasis on project management, change, process and agile skills. As we continue to build the most enviable culture on the planet, this opening makes perfect sense for us. It couldn’t be more aligned to our current needs, particularly in our large and growing Managed Services deals — Tony Doocey, Managing Director, North Highland
1 Bedroom price from £254,000 Estimated rental yield of 6%* Estimated completion in Q4 2025
Here is The Renaker Effect!
Bankside Colliers Yard M3, Deansgate Square, Castle Wharf, Crown Street’s apartment keep uplifting with their price, it uplifts for more than 30% till April 2023. For example, the price of 1 Bed Standard at Bankside Colliers Yard is increasing by 46% and the price of 2 Bed Extra Large is increasing by 45% in general.
Why is Manchester property market a sound investment?
Attractive growth in the next five years According to JLL’s 2022/2 ‘Big Six’ research, the sale prices of Manchester city centre homes will increase by 19.3% over the next five years, which are the highest predicted across Birmingham, Bristol, Edinburgh, Glasgow, and London. 22% increase in Manchester Rents The report also revealed that Manchester was the UK’s best-performing city for rental growth in 2022 and the city centre recorded a 22% increase in achieved rents in December 2022. The average rent for a one-bed flat in the city centre was £1,172 per calendar month and £1,495 for a two-bed flat. Manchester is seeing even greater yields of 9.4% as rental values push ahead of house prices.
Lack of supply Manchester’s undersupplied rental property market underpins its strong investment potential. With an unrivalled lifestyle offering, a growing talent pool, and a graduate retention rate of over 50%, Manchester’s growth is only just beginning.
1. Manchester’s Leading Developer Renaker is Manchester’s leading developer with a strong reputation and a proven track record of successful projects. Great investment opportunity as properties are with projected strong rental yields at +6%.
2. Aspirational New Neighborhoods Renaker committed to creating new, aspirational neighborhoods for the long term where communities can enjoy and thrive. Momentum has already been established through the delivery of the iconic Deansgate Square, Castle Wharf, Crown Street Victoria Residence and Elizabeth Tower; with The Blade and Three60, both currently under construction and to follow over the next two years.
3. Service Levels Akin To A 5*hotel “Choosing a Renaker apartment, also means you’re choosing a lifestyle.” Renaker works closely with the management companies, and our on-site concierge teams all have hospitality backgrounds to create a service level akin to that of a 5* hotel. 4. Sustainability At The Core The ethos is to develop and build sustainable facilities, homes, and amenities that communities desire. As part of the policy, strive to continually improve the buildings’ carbon footprint without compromising on quality. Renaker is proud to say that over 90% of our apartments are EPC-rated B*.
– As part of the development, Renaker is also creating a beautiful riverside walkway along the 130m of riverside frontage –
【Manchester’s Property Investment Seminar】
Date: 3-4 June 2023 (Sat – Sun) Time: 12pm (Eng) | 2pm (Canto) | 4pm (Canto) Venue: 27/F, The Park Lane Hong Kong, Causeway Bay Enquiry: 5226 1138 WhatsApp: https://wa.link/jryz5b Limited seats available. By RSVP only.
2 Core Reasons You Should Invest With Ashton Hawks
1. Ashton Hawks works with reputable renowned developers, such as Sansiri, Renaker, Barratt London, Select Property Group, with their exceptional quality, attention to details, and commitment to delivering exceptional living experiences, we are glad that to secure your dream home or investment property before the general public.
2. Ashton Hawks has our own team of experienced professionals will handle all aspects of property management, from finding and screening tenants to maintenance and repairs. With our comprehensive services, you can sit back and relax while we take care of everything for you.
Disclaimer:The information, text, photos contained herein are provided solely for the convenience of interested parties and no warranty or representation as to their accuracy, correctness or completeness is made by Ashton Hawks or the sellers, none of whom shall have any liability or obligation with respect thereto. These offerings are made subject to contract, correction of errors, omissions, prior sales, change of price or terms or withdrawal from the market without notice. Information provided is for reference only and does not constitute all or any part of a contract. Ashton Hawks and its representatives work exclusively in relation to properties outside Hong Kong and are not required to be nor are licensed under the Estate Agents Ordinance (Cap. 511 of the Laws of Hong Kong) to deal with properties situated in Hong Kong. Digital illustrations are indicative only. *Rental yield is projected by the agency and not guaranteed by the developer.
