Full Description: This stunning development, which is located just a few miles from Phuket airport, with direct flights to major cities throughout Asia, Australia and Europe, the location is unmatched for convenience. Likewise, Phuket itself is designed for living. Its extensive road network makes travelling around the island extremely easy, while a host of international schools, first-class hospitals, shopping centres, banking and entertainment facilities cater to the essential needs of everyday life. Whether as a first or second home, this development at Kamala Bay will offer life style and security without equal. As a place to escape and relax, the development is beyond compare. Imagine lounging on your private terrace, nestled in pristine rainforest, listening to the soothing sounds of nature, or wandering aimlessly along a golden beach as the crystal clear waters of the Andaman Sea ripple over your feet. Within close proximity there's diving, world class golf courses and every kind of leisure and sports facility. A few minutes walk away, the charming seaside village of Kamala also provides an excellent choice of Thai and International restaurants. Magnificent is the only word to describe the natural landscape that surrounds this development. Beneath the towering trees that stretch dreamily to the sky, a rich carpet of verdant green rainforest cascades down the hillside, overlooking the spectacular vistas of Kamala Bay, which all blend seamlessly with the exquisite landscaped gardens within the Estate itself. All apartments sold fully furnished Location: The location this development has its own sense of history within Kamala Village with the ever present and well-known native Phuketiens. It’s not just the home that you live in, but its the nature that you choose to surround you. The development is ideally located to gain easy access into the main shopping and nightlife areas throughout the Island. Phuket International Airport is only a 30 minutes drive, while Phuket and all of its shopping delights are 20 minutes. The bright lights of Patong are just a mere 10 minutes drive, where you have access to Patong Beach, Restaurants, and Patong’s Nightlife. Foreign Ownership of Property: Thai law allows foreign freehold ownership of condominiums. It states that 49% of a condominium block may be owned by non-Thais. The remaining 51% must be owned by either Thai nationals or majority owned (51%) Thai Companies. Once the 49 percent of foreign ownership quota has been achieved, overseas buyers wishing to make a purchase can do so via a Thai company structure. Finance: The quantum available is up to 50% of the purchase price, interest is charge at the prime lending rate, which currently stands at 9%. All other costs are the borrower’s responsibility. Customers can draw on the loan amount after the difference between the purchase price and loan amount has been settled. Loan repayments are due on a monthly basis, beginning one month from the date of disbursement. Other documents including copies of the applicant’s passport, and a letter from their employer are also required. When making a purchase the transfer of funds must come from a bank outside of Thailand and sent in foreign currency, with the conversion to Thai Baht being done in Thailand. Furthermore, you must specify when making the transfers from your bank that the transfer of funds is for the purchase of the property. Property Information: Type of development: low rise luxury condominium Building Type: 7 buildings comprising of 64 luxurious suites Price: starting from 39,900 - 45,000THB/SQM. Maintenance Fee: 35 THB/Sqm./Month (advanced payment for 2 years Sinking fund: 600 THB/Sqm. (one time payment) Schedule of completion: Expecting to be competed by mid of 2008 Facilities: - Swimming Pool - Fitness Centre - Sauna & Steam - Squash Room - Indoor & Outdoor Library - Wireless Internet - Securities System with CCTV Monitoring and Access Card - Car Parking Non-Fixed for Every Residence For more properties please go to http://www.phuket-properties.co.th