Description
Introducing Cassia Residences Phuket by Banyan Tree. A Unique and Appealing Proposition that brings together World Class Hospitality and Attractive Investment Opportunity.
CASSIA RESIDENCES PHUKET
BANYAN TREE
The leading international operator in the boutique resort, residences and spa industry, Banyan Tree introduces Cassia Residences Phuket, a unique and appealing proposition that brings together world class hospitality and attractive investment opportunity packaged in an affordable holiday home in a range of stunning locations.
The new hotel and investment property brand by the multi- award winning Banyan Tree Group targets savvy investors and informed travellers with cleverly configured spaces and a choice menu of personalised services.
Long renowned as a travellers’ paradise, Phuket is famed the world over for its tropical trinity of year-round sun, azure seas speckled with offshore islands, and alabaster sand. The Pearl of the Andaman rivals the Caribbean and the Mediterranean as a destination of choice for an unforgettable vacation, or a dream holiday home.
Cassia Residences Phuket is located on a lagoon site at the heart of Laguna Phuket, Asia’s first integrated destination resort, where deluxe hotels and villas span 1,000 acres of tropical parkland along the pristine beaches and azure waters of Phuket’s West coast, Thailand. Facilities and activities include spas, restaurants, bars, resort golf and boutique shopping. Cassia Residences Phuket offers something for everyone with ample opportunities for fun, romance, relaxation and exploring.
New Investment Property under The Banyan Tree Group
Sustainable Tourism Development
Affordable Stylish Holiday Homes
Stunning Location
Compact Intelligent Designs
Privileges & Exclusive Offers – through The Sanctuary Club
Register Interest Now!
SMS “CASSIA” with your Name & Email to +65 91898321
Register for VVIP Preview to secure your choice units before Global Launch.
Public Talk 26 October 2014. Lock In your slot today!
- Lifestyle Travel Benefits; owners can stay at the best Banyan Tree villas around the world (eg your 30 days can be exchanged for 3 days in the double pool villas)
- Banyan Tree brand = Safe Investment
- A rare opportunity to own a part of a successful hotel chain (profit-sharing model)
- Affordable – only S$18xK & $4xx psf; Half price of high-end Bangkok condo eg Ideo Q, Ashton Asoke etc costs $2xxK-$3xxK & $7xx-1xxx psf
- For the $3xxk villas: 2nd vacation home or a possible retirement home during the golden years
- Beautiful Lagoon & Seaview
- Choice of 1/2 Bedrm & Mezzanine Units
- 6% Attractive Rental Income as Hotel Suites p.a.
- 5% Avg Potential Capital Growth p.a.
- Up to 90 Days Free Stay + Affiliated Banyan Tree Hotels
- FREE Pte Club Membership + Discount & Privileges
- Up to 7 Days Complimentary Stay In Banyan Tree Resorts
- Banyan Tree Gift Card Worth USD 3K!
Cassia Residences : Public Talk 26 October 2014
1-Bedroom
- Phase 1C, B-6 (2nd Fl) 42 sqm THB 4,309,200
- Phase 1C, B-3 (4th Fl) 42 sqm THB 4,668,300
- Phase 1A, E-2 (2nd Fl) 50 sqm THB 4,987,500
- Phase 1A, E-1 (4th Fl) 50 sqm THB 5,262,500
2-Bedroom
- Phase 2, D-1 (2nd Fl) 62 sqm THB 6,696,000
- Phase 2, D-2 (3rd Fl) 62 sqm THB 7,068,000
- Phase 2, D-1 (4th Fl) 62 sqm THB 7,254,000
Laguna Park : Preview Special Price! – Public Talk 26 October 2014
Townhome
- TH43 88/173 sqm THB 9,351,000
- TH48 99/173 sqm THB 9,461,000
- TH52 141/192 sqm THB 10,204,000 (Corner)
Villa
- V37 270/340 sqm THB 14,430,000
- V31 260/340 sqm THB 14,601,000
- V49 266/340 sqm THB 14,661,000
- Greenery & Laguna Golf Course View
- Guarded & Exclusive Resort Environment
- Choice of Landed Townhome & Villa
- Up to 5 Yrs Free Golf Membership
- FREE Banyan Tree Gift Card Worth USD 3K!
- Price Frm SGD 375K! (Townhome)) & SGD 577K! (Villa)
Cassia Residences Phuket Free Investors’ Seminar
Click here to Register for Free Public Talk Banyan Tree Group – 26 October 2014
Register Interest Now!
SMS “CASSIA” with your Name & Email to +65 91898321
Register for VVIP Preview to secure your choice units before Global Launch.
Public Talk 26 October 2014. Lock In your slot today!
Cassia Residences Phuket Free Investors’ Seminar
Click here to Register for Free Public Talk Banyan Tree Group – 26 October 2014
Room Type
Compact yet comfortable, Cassia Residences Phuket comes in different sizes and configurations to suit varying budgets. Offering one and two bedroom units ranging from 40 sq.m. to 86 sq.m., every inch of the floor space has been designed for maximum usage, including the compact but efficiently laid-out pantry, dining, the optional mezzanine unit, and living areas that flow into one another to form a generous integrated space.
Cassia Residences Phuket aims to provide guests with authentic, memorable experiences, and promoting an appreciation of the local heritage and culture. These aspirations, combined with a solid leaseback programme and exclusive owner privileges, inspires healthy financial and lifestyle returns.
1 Bedroom
One-bedroom suites range in size from 40 to 52 sqm and feature a master bedroom with separate living area.
Every inch of the floor space has been designed for maximum usage, including the compact but efficiently laid-out pantry, dining, and living areas that flow into one another to form a generous integrated space.
1 Bedroom with Mezzanine
One Bedroom units designed in a loft style, with a unique mezzanine level providing extra living space (10 to 14 sqm) and further defined living areas for family members to enjoy with the additional space allowing for private reading space, games area or relaxing lounge to relax with a book. The intimate dining and pantry space sits beneath the innovative mezzanine.
2 Bedroom
Two-bedroom suites range in size from 62 to 86 sqm and feature a spacious master bedroom, guest bedroom, and separate living area.
As with the smaller units, every square inch of floor space has been considered in the layout and design. Master bedrooms feature a private en-suite bathroom, while a second bathroom is easily accessible from the guest bedroom or living area.
2 Bedroom with Mezzanine
Larger two-bedroom units are designed in a contemporary loft style, with a mezzanine level providing extra living space, plus further defined living areas for family members to enjoy.
Additional cabinet storage space can be accommodated, or the flexible space can be furnished with a sofa-cum-bed and utilised as a games room or a relaxing lounge. Investors can also turn this level into a second living area, complete with a second television and headphones, so as not to interfere with the primary AV system on the main level.
Owner Benefits
A LIFESTYLE INVESTMENT
Whether in terms of the environment, or the communities we operate within, our vision is to use tourism to stimulate holistic and sustainable development. Part of this involves providing our guests with authentic, memorable experiences, and promoting an appreciation of the local heritage and culture. As our partner, you will share the joy of success when our business does well and together we give back at the same time.
WHY INVEST IN CASSIA?
BRAND BACKING
As a Banyan Tree property, Cassia enjoys the backing and experience of a globally respected and trusted hospitality brand.
SENSIBLE SYNERGIES
Proximity to Banyan Tree and Angsana properties means greater synergy, a more visible profile, and better economies as the operation can tap into on existing back-of-house facilities.
BETTER RETURNS
This innovative property development model generates a quicker ROI than a pure hotel development.
STRONG MARKET POTENTIAL
An appealing and affordable investment opportunity offers broad appeal, with compact room sizes that will suit varying budgets.
ATTRACTIVE LEASEBACK MODEL
A strong value proposition for potential investors – lower operating costs translate into higher rental yields.
RESIDENCY
Separate residential component for urban properties in the world.
Register Interest Now!
SMS “CASSIA” with your Name & Email to +65 91898321
Register for VVIP Preview to secure your choice units before Global Launch.
Public Talk 26 October 2014. Lock In your slot today!
Cassia Residences Phuket Free Investors’ Seminar
Click here to Register for Free Public Talk Banyan Tree Group – 26 October 2014
INVESTORS’ INFORMATION
Legal
Q: What type of ownership is available?
Apartments are sold on a leasehold basis. Leases are registered with the Government (currently for a maximum period of 30 years as permitted by law) and are renewable.
Q: What are the costs associated with the lease registration?
Lease registration fee and stamp duty (currently 1.1% of the apartment price) is payable to the Land Department upon registration of the lease. The cost of lease renewals will be borne by the lessee according to the contracts.
Note: that the rate above is imposed by the government authorities and may be subject to change when the lease registration takes place.
Q: Is a leasehold apartment transferable?
Yes. Apartment leases may be transferred subject to the terms and conditions of the lease agreement. Generally, a small fee is payable. In addition, the new owner must agree to be bound by the terms and conditions contained in the original lease agreement.
Q: Is leasehold ownership secure?
Yes. Once the lease is registered at the Land Department, the owner’s rights to the apartment will be officially recognized.
Q: When will be the lease registration take place?
Approximately 90 days after full payment has been received and construction is complete. We will notify the owner of any documents and fees required for registration.
Q: Should I appoint a lawyer to review the agreements?
Our agreements have been used for a number of years and have been reviewed by major international law firms. We have our own in-house legal team which will assist to clarify any questions you may have concerning the agreements. However, should you wish to obtain specific advice regarding the structuring of your investment, we recommend you consult with a professional legal and/or financial adviser.
Construction
Q: How long does construction take?
Generally it will take approximately 24 months to complete the building and landscaping from the date of commencement of construction.
Q: Is a warranty period offered?
Yes. A one year warranty is offered.
Rental Programme
Q: Is there a rental program available?
Yes, the apartments will be professionally managed. Investment and lifestyle rental options are available.
The investment rental program – entitles owners to 30 days stay per year outside of the blackout dates (during the high/peak season periods) in order to maximize rental returns. Apartments in this rental program will be first priority for rental.
The lifestyle rental program – entitles owners up to 90 days stay per year including blackout dates (during the high/peak season periods) in order to enjoy a balance between rental returns and lifestyle benefits. Apartments in this rental program will be second priority for rental.
Q: How does the rental program work?
The rental returns paid to owners will be calculated based upon a 40% share of room revenue (the other 60% being retained by the manager to cover operating expenses of the rental program). In addition, 3% of room revenue is held in a reserve fund for future refurbishment costs.
An example of how the return returns will determined is set out below:
| Days Available | 365 |
| Days Sold | 255 |
| Occupancy % | 70% |
| Average Daily Rate (Baht) | 3,000 |
| Room Revenue (Baht) | 765,000 |
| Revenue Share to Owner @ 40% (Baht) – Gross | 306,000 |
| Less Reserve Fund Contribution @ 3% of Revenue | (22,950) |
| Revenue Share to Owner – Before Withholding Tax | 283,050 |
Note: the operation of the rental program is at the discretion of the manager and may be subject to change. The above example is indicative only of how the rental returns will be determined and may not reflect the actual returns achieved.
Q: What rental yield can I expect?
Since the apartments are in a prime location and are professionally managed, there is potential for good rental returns and capital appreciation.
The table below, indicates the potential gross rental yields based upon the assumptions shown:
| 1. Assumptions | ||||||
| Occupancy % | 70% | 60% | ||||
| Average Daily Rate (THB) | 4,000 | 3,000 | 2,000 | 4,000 | 3,000 | 2,000 |
| 2. Revenue share | ||||||
| Gross Revenue (THB) | 1,022,000 | 766,500 | 511,000 | 876,000 | 657,000 | 438,000 |
| Owners share @40% (THB) | 408,800 | 306,600 | 204,400 | 350,440 | 262,800 | 175,200 |
| 3. Gross Rental Yield | ||||||
| Investment @ THB 5 million | 8.2% | 6.1% | 4.1% | 7.0% | 5.3% | 3.5% |
| Investment @ THB 6 million | 6.8% | 5.1% | 3.4% | 5.8% | 4.4% | 2.9% |
| Investment @ THB 7 million | 5.8% | 4.4% | 2.9% | 5.0% | 3.8% | 2.5% |
The figures above are for illustrative purposes only and should not be relied upon as forming a representation or guarantee as to the actual returns which may differ significantly from the above.
Q: How is my rental return paid?
Owners will be paid rental returns direct to their nominated bank on a quarterly basis.
Q: What are the taxes levied on the rental program that an owner will be subject to?
Rental distributions made to non-resident (foreign) owners are subject to 15% withholding tax. Rental earned by Thai tax residents are subject to 5% withholding tax.
Note: applicable tax rates are current at the date of issue of this FAQ and may be subject to changes.
Q: Can I rent my apartment out on my own?
No. All rentals must be conducted through the manager.
Q: Can I choose my own furniture?
No. A standard furniture package will be required in all apartments.
Q: Can I stay at any time?
Yes, subject to the terms and conditions imposed under the rental program selected. Blackout dates apply for stays in the investment rental program. However, all reservations by owners for their stays are subject to availability. However, the manager will endeavor to provide a similar apartment for your stay if your apartment is unavailable.
Q: What are the blackout dates?
High season periods such as Christmas, New Year, Chinese New Year and Easter.
Q: Why are there blackout dates?
High season periods are the busiest time of the year. It is during these times when demand is highest and the best opportunity exists to yield maximum rental returns.
Q: How much advance notice is required for my stay?
Owners should provide as much notice as possible as apartments may be pre-booked with third party guests, particularly for stays during high season periods.
Q: Can my friends use my owner’s entitlement?
Yes, subject to terms and conditions of the rental agreement (e.g. owners’ guests may be required to be pre-registered with the manager).
Q: Can I book more than one apartment during the same period?
No.
Q: What utilities do I have to pay?
For apartments being rented out, these costs will be covered by the revenue share retained by the manager. For apartments being occupied by owners, utilities will be based upon the consumption / costs incurred.
Property Management
Q: What common facilities and services are provided?
The common areas within the project will be professionally managed and services will include maintenance, pest control, gardening, pool cleaning, security, etc. A common area fee will be charged to all owners for services provided in respect of common property based upon the costs incurred. For apartments being rented out, standard hotel type services costs will be covered by the revenue share retained by the manager. For apartments being occupied by owners, a schedule of rates will apply for various services offered.
Q: What are the estimated common area charges?
These will be charged based upon costs incurred.
Privileges
Q: What privileges will I receive as an owner?
Owners will receive a ‘Sanctuary Club’ card which entitles holders to discounts and privileges at all Banyan Tree, Angsana and Laguna Resorts worldwide.
- 30% discount on best available rates for hotel accommodation
- 25% discount on food and beverage
- 20% discount on golf green fees
- 20% discount on a-la-carte spa menu
- 15% discount on gallery merchandise
- 15% discount on in-house tours
- 15% discount on laundry
- 10% discount airport and ferry terminal transfers
- Priority wait-list on reservations
- Early check-in / late check-out
**Terms and conditions apply.
Owners can exchange part of their annual use entitlement for free stays at participating properties within the global network.
Financing
Q: What are the payment plans available?
There are 2 options available:
Option 1: 100% payment upon purchase / during construction
100% payment upon purchase for already completed properties. Progressive payments for properties under construction as per the table below.
| Construction Payment Term | Of Selling Price |
| 1st Payment upon signing contract | 20% |
| 2nd Payment when construction is 25% complete1 | 20% |
| 3rd Payment when construction is 50% complete2 | 20% |
| 4th Payment when construction is 75% complete3 | 20% |
| 5th Payment upon completion of construction | 20% |
| Total | 100% |
Notes:
- Concrete structure substantially completed
- Roof, brickwork and rendering substantially completed
- Electrical conduits and pipe work substantially completed
Option 2: 50% payment upon purchase / during construction with 50% deferred payment over 1, 3 or 5 years
50% payment upon purchase for already completed properties. Progressive payments for properties under construction (50% during construction / 50% post construction) as per the table below.
| Deferred Payment Plan | Of Selling Price |
| 1st Payment upon signing contract | 20% |
| 2nd Payment when construction is 50% complete1 | 10% |
| 3rd Payment when construction is 75% complete2 | 10% |
| 4th Payment upon completion of construction3 | 10% |
| Post construction payments4 | 50% |
| Financing Options | Interest Rate |
| 1 Year (12 monthly installments) | 3% |
| 3 Year (36 monthly installments) | 5% |
| 5 Year (60 monthly installments) | 7% |
Notes:
- Concrete structure substantially completed
- Roof, brickwork and rendering substantially completed
- Electrical conduits and pipe work substantially completed
- See table below
Notes:
- All amounts are stated in Thai Baht.
- The above table sets out the estimated payments required under the respective payment plans for selling prices between THB 4,500,000-10,000,000.
- The estimated payments are indicative only and the developer / seller does not accept any responsibility or liability whatsoever for any inaccuracies or omissions.
- One year deferred plan is 12 equal monthly installments (3% interest applies).
- Three year deferred plan is 36 equal monthly installments (5% interest applies).
- Five year deferred plan is 60 equal monthly installments (7% interest applies).
- Payment terms are subject to change without notice.
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The Developer
A leading international operator in the premium resort and spa industry, Banyan Tree Hotels and Resorts, founded in 1994, is a renowned Asian brand that is synonymous with prestige and lavishness. In 2006, Banyan Tree Holdings became a listed company on the Singapore Stock Exchange. Banyan Tree currently operates and manages over 30 resorts and hotels worldwide, over 60 spas, in excess of 80 retail galleries and 3 golf courses.
To best deliver upon Cassia’s commitment to sustainable hospitality which also safeguards the cultural and ecological beauty of each destination, Cassia Residences Phuket conforms to leading global sustainable design standards that ensures energy & water efficiency as well as an overall low footprint of operations.
Specialist GPS Green is managing the development process. Cassia Residences Phuket is committed to both EarthCheck’s design and operational standards, ensuring it meets world’s best practice in holistic sustainable tourism.
Phuket has long been known by savvy international travellers for its idyllic beaches, premiere marine sites, luxury hotels and resorts, world-class golf courses, marinas, and vibrant nightlife
Phuket has a modern infrastructure in place, and its ideal location in the Andaman Sea means that a third of the world’s population resides within a five-hour flight radius of the island.
Phuket is second most developed property market in Thailand after Bangkok, Phuket properties are strong with solid capital gains.
Phuket’s unique blend of business and leisure offerings, coupled with its proximity to other important regional destinations, makes Phuket a much sought-after destination for both tourists and investors.
Register Interest Now!
SMS “CASSIA” with your Name & Email to +65 91898321
Register for VVIP Preview to secure your choice units before Global Launch.
Public Talk 26 October 2014. Lock In your slot today!
Cassia Residences Phuket Free Investors’ Seminar
Click here to Register for Free Public Talk Banyan Tree Group – 26 October 2014
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