Pool Villas at the Residence Hua Hin

FAQ's about The Residence Hua Hin

If we decide to buy a pool Villa, what are the restrictions on reselling the property in the future?

Non, you are free to sell your property at any time, although we would obviously need to know, as the ownership papers/account would need to be amended. You will certainly realize an immediate profit once the property is built, and the Residence opens its doors.

We would like to know about the contractor and builder you will use, and what guarantees (or building codes, etc.) are in force that protect buyers (lessee) from having a villa crumble in a short time.

Our builders are a local construction company called Incosi Construction for all of the works, ( we actually been monitored another smaller project they were doing, and the standard was excellent, The building work/materials are to international standards, with all external walls being 230 mm thick with the main structure supports being reinforced concrete ( set in place) as a standard. Visit the site and see!!

What exists for “storage” space in the villas? When I once had a rental-income property in Florida, there was one locked cupboard (good size) where owners could leave personal possessions while they were not in house.

There will be a built in lock up storage cabinet in the master bathroom.

Does the bottom line cost include legal fees for the lease, insurance costs, utility costs, etc.? That is, what is missing from the information that already exists on the website?.

Insurance against damage/fire etc will be included, as this is mandatory for our company to have for a ‘hospitality ’ business like this.

What are the timelines you are looking at? When will you be ready for people to sign a Purchase Agreement and when do you expect to start construction / finish construction? When will the villas be ready to occupy (including by owners)?

To date, November 2007 we now have only 7 units available for sale at THB 3.9 M

Do you think there would be any way to negotiate memberships (or very good playing privileges) at Palm Hills for those of us who purchase the villas?

Yes, we will be giving all buyers 20 rounds of FREE golf at Palm Hills ( exc caddy fees, but inc transfers). Ie, 10 rounds each for 2 people, or 5 rounds each for 4 people buying 1 unit. Other courses will be discounted as the same as our agent rates, Bookings at reception!

Does information exist anywhere on the legalities of the 30-year lease?

Yes, here : http://www.thailand-lawyer.com/land_lease.html

Can you tell us about long-stay visas? If we were planning to spend winters there, in retirement, would we be better off (during those 5 ½ months) to do “visa runs”?

check this out on www.thaivisa.com but seems likely that visa runs would be the best option

Is the income taxable in Thailand, if yes how?

As you have a ‘lease’ agreement you are not liable for income tax, but the nightly room sales will be taxable at 7 %, and this will be automatically deducted from your Villa income ( inc maintenance fee ) If/when you are personally using your Villa, there will be water/electricity charges. The Residence management will take care of the taxes etc.

Are the Villa's owned by GOS or myself?

The Land is owned by Residence Corporation Co.,Ltd, ( same partners as GOS) and the Villa/land is leased by you. ( officially registered) by you, so we have to have a written contract agreement between us that we cannot claim the land, and you cannot build another 2 stories ontop. You are free to sell your Villa on at anytime, although we would obviously require notification for change of papers etc.

I take it that the guest will be fed in by your company, are there any guarantees regarding the income figures?

Our figures ( and the project!) are based on our existing package sales, which have grown by an average of 30% over the last 2 years, so we are confident that the projected room night occupancy on our website is fairly accurate ( although our targets will be higher) We will also be promoting the Residence to our existing oversea agents, and will also be attending some of the World’s top travel trade shows ( we presently have a Booth at the London Golf Show booked for April 2007)

Will there be a management committee who will oversee maintenance ( and all other ) issues The key question here is what influence will owners have on the management and upkeep of the property, on the use of the reserve fund, etc. Will there be an “owner’s council” or other such entity to liaise with the Residence?

The Residence will have an in-house management team ( offices behind the reception) which will take care of all maintenance ( and all other )issues, as obviously we will be running this property as a ‘Resort’ so we will need people on standby 24hrs, ie an A/C unit breaks down etc, this will have to be repaired immediately. A ‘Residence’ owners council ( sounds rather posh!!:) ) is a good idea, and we would certainly welcome such a body, as new ideas would be welcome from all directions.

Can Villa owners put any of their own furnishings in the villa and how would those be protected?

Some furnishings would be OK, to make them ‘homely’ but we would like small personal items to be locked up in the storage lockup. We will try to maintain as much ‘personalization’ as possible, and hopefully visiting clients will appreciate, and respect this too, but we would not want to be liable for small personal items.

Can villa lessees / owners deem their villa NON SMOKING?

Yes definitely, we will deem all to be non – smoking, as the Villas have gardens/terrace, so smokers can use these area's, also other segregated smoking areas .

Can a villa ownership be transferred in the event of death etc?...

Yes, the Villa ownership can be transferred to a next of kin, or a named family member/person.

If a Villa owner wants to “book” his / her villa, how much in advance would he / she have to do this?

A few months notice would be preferred, especially for high season dates. We will have a residence ‘ data base’ on the website which will be accessible by owners ( password protected access) and you will be able to ‘add’ your personal dates into your calendar, as well as check sales.

Please feel free to contact us to ask more at : sales@residence-huahin.com