Himalai is an exciting new project located in the prestigious Kamala Beach area on the west coast of Phuket. Such is the exclusiveness of the area within which the project is located that it is known locally as Phuket’s ‘Millionaire Mile Road’ due to the number of top five-star resorts and multi-million dollar villas situated here. Even the Prince of Thailand owns a palace in this highly desirable neighborhood.
The project will be constructed on one of the best remaining hillside plots remaining in the area, located just beside the five-star Andara Resort. The architects who designed the project went to great lengths in order to maximize the number of apartments with clear seaviews, with the result that 85% of the units at Himalai benefit from fantastic views across the ocean.
Naturally, for such an exclusive project, Himalai offers a wide variety of five-star facilities. These include several glass-edged swimming pools which offer views over the ocean, a club house, several restaurants, a kids’ club, a fully-equipped fitness centre, a sauna and a fantastic viewing point right on the top of the hill which provides guests and residents with the most spectacular views.
Himalai is developed exclusively for investors looking for attractive and consistent rental returns. These returns are guaranteed to investors due to the fact that the developer has an agreement in place with one of the largest and best-known hotel brands in the world – Best Western. With 70 years of experience with their headquarters in the US, Best Western is officially the world’s ‘biggest hotel family’ responsible for managing 4,200 hotel properties spread throughout over 100 countries. As Himalai is such a luxurious development, it will be branded under their most luxurious brand – Best Western Premier.
As Himalai was designed as a luxury hotel, the majority of apartments available are studios. There are two sizes of studio apartments available – standard studios at 33.4m2 or larger ‘Deluxe Premier’ ground floor studios with an interior area of 45.4m2. All of the ground floor units at Himalai offer pool access directly from the balcony and, in the higher buildings, they also benefit from full ocean views.
The resort is designed in a modular style which allows for the creation of larger apartments by combining two or more studios to create larger one-bedroom, two-bedroom or even three-bedroom apartments. Connecting units with a simple double door offers owners additional flexibility and return on the investment, as these apartments can be rented separately or combined into a single suite which is suitable for an entire family.
Having only been launched in October 2015, Himalai is currently on pre-launch pricing, offering exceptional value for ‘early birds’ who buy at this stage. Currently it is possible to purchase studio apartments at starting prices of just 3.24MB. In order to qualify for the Guaranteed Rental Scheme, buyers are required to purchase a luxury furniture pack priced at THB 300,000 for a standard studio.
Due to Himalai being managed by this professional organization, the project offers excellent rental returns to all those who invest here. Buyers of sea view units can benefit from entering a Guaranteed Rental Scheme offering a return of 7% per annum for a period of five years, while those opting for the more affordable garden view units can enjoy an annual return of 8% for the same period. In addition, buyers can also enjoy staying in their own apartments for up to 14 days per year any time between May and October.
In summary, Himalai is an excellent option for anyone looking for an affordable, high-yielding investment property in one of Phuket’s most exclusive areas.
|Studio – Min||33.4||3,239,800||Closing Costs||4.4%|
|Studio – Max||45.4||5,448,000||Payment Plan|
|Three-Bed – Min||124.2||14,135,800||Reservation Fee||THB 150,000|
|Three-Bed – Max||129.8||14,661,750||Deposit Payment||35%|