Ocean Palms, Bang Tao
Ocean Palms is situated just 500 metres from stunning Bang Tao Beach in Phuket's prime residential area surrounded by 5-star resorts and high-end residential developments. This exciting development of 61 luxury condominium units will be run as a serviced apartment resort and has been designed to maximize both capital appreciation and rental income.
Ocean Palm has four apartment types, thoughtfully planned to cater to a wide range of requirements and budget, which include Studios (54 sqm), 1-bedroom Deluxe Suites (79 sqm), 2-bedroom Penthouses (133 sqm), and 2-bedroom Pool Suites (151 sqm).
On completion the property will be operated as a “serviced apartment resort” so
for those purchasers looking for a yield on their investment, Ocean Palms should
deliver up to 13% on most units within 5 years and with the Phuket property
market set to see sustained capital appreciation, this makes Ocean Palms the
ideal property investment.
The “Flexible Rental Program” means owners
can use their property as much as like at any time. When owners are not in
residence the property will be put in to the rental pool which means that even
if your property isn’t rented on a particular day you will still receive an
income if other properties are let within your rental pool. Obviously the more
you use your property the less income will be generated but the Flexible Rental program allows you to choose which option best suits your needs.
The development will be comprised of 3 buildings, each consisting of 4 floors plus underground parking and a service area. Facilities will include a large freeform swimming pool with pool bar, a 25-metre lap pool, fitness centre, yoga and spa pavilion, deli/coffee shop, and business centre. In addition to these facilities is the already-operational Babylon Beach Club on Bang Tao beach, which will have a regular shuttle service from Ocean Palms.
