SUMALEE By Tropical Life Residence

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Maret, Koh Samui, Surat Thani

For Sale 10 Units ฿6,130,000
Construction
Off Plan
Units
12 Units

SUMALEE By Tropical Life Residence in Maret, Koh Samui

SUMALEE By Tropical Life Residence is a house and villa project located in Maret, Koh Samui It has 12 units and was developed by Real Estate Engineering Samui Co., Ltd., who is also behind HANSA By Tropical Life Residence and PRANEE by Tropical Life Residence.

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Parking & Lift

Ratio of Parking Spaces to # of Units
Ratio of Parking Spaces to # of Units 70%
Charging Stations on Site
Charging Stations on Site No
# of passenger lifts in each building
# of passenger lifts in each building 4
# of service lift in each building
# of service lift in each building 1

Management

Common Area Management Fee
Common 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.
฿55/SqM
Sinking Fund
Sinking 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 Knightsbridge Prime Sathorn the required payment for the sinking fund is ฿800 per square meter based on the size of the indoor area of the property.
฿800/SqM
Common Area Management Company
Common Area Management Company Primo Management

Payment Plan

Installment Milestone Payment

Master Plan

About the Developer - Real Estate Engineering Samui Co., Ltd.

All Real Estate Engineering Samui Co., Ltd. Projects
3 Projects 36 Units

Frequently asked questions

Frequently asked questions about SUMALEE By Tropical Life Residence
The common area maintenance fee for properties at SUMALEE By Tropical Life Residence is a fixed amount of ฿4,000. This amount has to be paid 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.
Lamai Beach is the nearest Beach from SUMALEE By Tropical Life Residence and it is 0.8 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

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?

 

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After you have found the right property at SUMALEE By Tropical Life Residence you have to follow these steps:

 

  • Unit selection and agreement of terms and conditions 

  • Reservation Agreement

  • Reservation Deposit 

  • Sales and Purchase Agreement

  • 1st Contract Payment 

  • Payment Installments

  • Snag List

  • Transfer

 

Read more here

 

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