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Located off the lush and largely unspoiled east coast of Phuket overlooking the Phang Nga Bay, The Village at Coconut Island is Phuket’s ultimate tropical retreat boasting traditional, yet modern villas and suites hidden amongst the lush tropical foliage, thus presenting a truly relaxing and peaceful luxury resort life for the intending buyer and traveler alike. These Luxury private pool villas and Jacuzzi suites are set in 33 acres of beautifully landscaped tropical gardens with most villas set directly on The Village’s very own private beach.
Developed by Coconut Island Development Company Ltd. under the aegis of its Managing Director, Chris Gordon, the resort encompasses 78 luxury private pool villas and 116 Jacuzzi suites providing seclusion and privacy. The project is being marketed by Absolute World Group.
All of The Village at Coconut Island’s villas has large private swimming pool, spacious interiors, luxury furnishings, plenty of indoor and outdoor living space.
The architecture, superior craftsmanship and undeniable beauty of our villas and Jacuzzi suites, evoke the classic style of Thailand’s iconic longtail boats, conveying a feeling of harmony throughout the resort and its natural surroundings.
Jacuzzi suits: The range of one-bedroom deluxe Jacuzzi Suites are set in a total area of 72 square meters with an internal area of 43 square meters and a 29 square meter terrace with private Jacuzzi, decked terrace and BBQ area. The bedroom of each suite opens out onto a private landscaped decked terrace and garden-view Jacuzzi. The bathrooms are fitted with an antique-style stand-alone bathtub and rain shower, while the kitchenette is fully equipped.
Two-bedroom pool villas: The range of two-bedroom villas is set in a total area of 131 square meters with 88 square meters internal area and 43 square meters of terrace, with private pool, set within a perfectly manicured private tropical garden. Ideal for couples and families, the two-bedroom villas feature an open-plan living area and a fully equipped Western kitchen with breakfast bar. The dining area seats six people and features double doors that open onto the private pool and deck. All villas are fully furnished and air-conditioned.
TYPES OF OWNERSHIPS:
Currently Absolute World Group is offering two types of ownerships for the villas and Jacuzzi suits – whole ownership and fractional ownership with prices of villas and Jacuzzi suits starts at 19.5 million Baht for whole ownership and fractional ownership starting from 1.575 million Baht for a five-week share of a Jacuzzi suite. Based on the type of ownership chosen by the buyer, the following agreements need to be signed:
Land Lease Agreement: The Village properties are being sold with a registered, 30-year leasehold title for the land, which is allowed by Thai Law in the name of foreigners, renewable for two additional 30-year periods. The lease endows the owner with the usual rights of access to all common area facilities and decision making processes.
Villa Purchase Agreement: Although foreigners are not permitted to own freehold land title in their name, they are allowed to own 100% of the buildings situated on the land. For this purpose, buyers enter into a Sales and Purchase Agreement with Coconut Island Development Company Ltd. The agreement details construction costs and a payment schedule for the build process. Account invoices are issued upon receipt of a surveyor certificate confirming completion of each construction stage.
Share Subscription Agreement: An offshore company, Coconut Island Owners Association Ltd., (CIOA) has been incorporated. Each owner will purchase, as part of his contract, a share for each villa and land plot. By the completion of the project, the lessees, i.e. the buyers, will collectively own all the shares in CIOA, which in turn has a 39% stake in the Thai land-ownership company. The shares owned will have preferential voting rights and consequently allow full control of the Thai land ownership company.
Estate Management Agreement: Each buyer is obliged to sign an estate management agreement with the estate management company. This ensures all common areas and estate amenities and services are maintained for the protection of all owners’ investments. It also offers buyers an opportunity to let their property when vacant in order to generate rental income. Estate rules developed by The Village Coconut Island Resort are also included in the estate management agreement.
LOCATION:
The location of The Village Coconut Island affords easy access to the myriad of beautiful islands, bays and beaches throughout Phang-Nga and the Andaman Sea. The proximity of the major landmarks from the development is:
- Phuket International Airport – 35 minutes
- Phuket town – 15 minutes
- Patong – 40 minutes
- Central and Tesco Lotus – 20 minutes
BENEFIT TO OWNERS:
- Expert resort management by the same British team that developed Sunsail, world’s leading Water-sports Club and Yacht Charter Holiday Company
- Rental returns in the range of 7 to 12 percent
- Year-on-year capital appreciation
- Personal use of the villa and access to all The Village amenities
- Exceptional location in Phang Nga Bay just 550 meters off the east coast of Phuket.
Project Status:
This article was last updated on 30th October, 2020.
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