Namara - The Residences

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Kamala, Kathu, Phuket

5% GUARANTEED RETURN FOR 5 YEARS
9 Months Made To Order
32 Units

Namara - The Residences in Kamala, Phuket

Namara - The Residences is a house and villa project located in Kamala, Phuket and was completed in Jan 2020. It has 32 units and was developed by NaMara Co., Ltd.

Prices by Room Types

1 Unit Types | New Units Available at Namara - The Residences

For Sale 3
  • Price & Availability Last Updated: Oct 28, 2019

Rental Properties

Photo Price Price/SqM Size Beds Baths Plot Size Date Listed
2 Beds・ 2 Baths ・ 117 SqM More Details
117 SqM 2 2 167 SqM 22/07/2020 More Details

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Facilities

Safety
24H Security
CCTV (Video Surveillance)

Management

Project ManagementCommon Area Management Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿58/SqM
Project ManagementSinking Fund
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Namara - The Residences the required payment for the sinking fund is ฿400 per square meter based on the size of the indoor area of the property.
฿400/SqM

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
2nd Installment
Structural Completion
30%
3rd Installment
Enclosure
30%
4th Installment
Final Completion
10%

Master Plan

About the Developer - NaMara Co., Ltd.

All NaMara Co., Ltd. Projects
1 Project 32 Units

NaMara Co., Ltd. is an SPV of Naruemon International Co., Ltd. formed for the development of NaMara Residences. Naruemon International has many years experience in Thailand and has completed numerous apartment and villa projects across Phuket.

Frequently asked questions

The common area maintenance fee is ฿58 per square meter based on the plot size of the property. This fee has to be paid every month by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.

For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Namara - The Residences the required payment for the sinking fund is ฿400 per square meter based on the size of the plot size of the property.

Kamala Beach is the closest Beach from Namara - The Residences and it is 2.5 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property you have to follow these steps:

  1. Agreement of terms and conditions

  2. Reservation Agreement

  3. Reservation Deposit 

  4. Sales and Purchase Agreement

  5. Settlement & Transfer 

 

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A 30 year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.  

Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.

#1 - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual. 

#2 - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

#3 - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

 

Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

 

Read more here

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Thailand

Kamala

Neighborhood Overview

Location and Neighborhood

Street View


Surrounding area

Namara - The Residences is located 2190 from 7-Eleven and it can be reached within 8 mins by car.

There are many other shops situated in the area of Namara - The Residences, the 3 closest being:
- 7-Eleven is 2.7 km away (an approx. drive of 9 mins.)
- 7 Eleven is 2.6 km away (an approx. drive of 9 mins.)
- TIM - The local supermarket is 2.6 km away (an approx. drive of 9 mins.)

The surrounding area, where Namara - The Residences is situated, offers a wide variety of restaurants. See the closest of them below:
- round Tower is 250 m away (a walk of about 4 mins.)
- Shrimp prawn and buffet is 750 m away (a walk of about 12 mins.)
- The Secret Kamala (Bar/Restaurant/Guesthouse) is 1.0 km away (approx. 5 mins. by car)

CITYCARE Phuket is the nearest health facility, which is 1.9 km away (you can drive there in 6 mins.) from the project, while the closest schools in the proximity of Namara - The Residences are:
- Kamala Phuket divers is 900 m away (about 14 mins. by foot)
- Shining Stars School is 1.1 km away (an approx. drive of 4 mins.)
- Sanuk- Swedish school Thailand is 1.5 km away (an approx. drive of 6 mins.)

Phuket International Airport is located 28.1 km from Namara - The Residences and it takes about 45 mins. by car or taxi (depending on the traffic) to get there.