Note: By purchasing a unit under the Leasehold system at Kata Ocean View Condominium, you’ll be entitled to company shares in proportion of the purchased unit surface area. The shares will be transferred when the project is complete, effectively giving control to the lesser in the project over the land ownership and any renewals of the lease, and further control over the maintenance of the common areas.

A 30-year lease of the apartment with options to renew for a further two terms of 30 years each (90 years in total).

Payments Schedule

1. Reservation - Reservation - Make a deposit of 5% of the total unit cost which is completely recoverable by deduction from the final payment.
2. Signing - Signing - The Sales and Purchase Contract has to be signed within 30 days of the reservation. A 30% payment of the unit price is required upon the signing.
3. Installments -Installments - The balance will be divided into regular installments over the construction period of the project.

Founds transaction system to the Developer

Money Transfer
There are three options to transfer money.
1. Set up local bank account in Thailand in the name of purchaser and forward funds into the account.
2. Transfer funds to Oceanic Global View account and they shall organize all the appropriate paperwork and certification.
3. Transfer funds to any Developer assigned account or pay cash.

Additional Expenses

1. Transfer fee - Calculated as 1.1% of the lease price. 100% paid by Purchaser upon transfer of title deed.
2. Yearly tax fee for the lease registration calculated as 12.5% of the lease price over 30 years, (approx 40 to 50 USD per month).
3. Sinking Fund - This payment is set to 1,300 THB/m2 (one-time payment only) and is payable before transfer of title deep.
4. Advanced Juristic Fees – Pay yearly in advance of 60 THB per square meter per month.

Note: The juristic fee or management/maintenance fee is used for general monthly maintenance of the building, common areas, insurance, pool maintenance, etc.