Payments Schedule
A) Reservation: Make a deposit of the 2% of the total unit cost which is completely recoverable
by deduction from the final payment.
B) Signing: The Sales and Purchase Contract is to be signed within 30 days of the reservation. A 28% payment of the unit price is required upon the signing of the Contract.
C) Installments: The balance will be divided into regular installments over the construction period of the project accordingly with the building progresses.
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 Living account and Oceanic Global Living shall organize all appropriate paperwork/certificate.
3. In the case the property is purchased via a Thai company, transfers can be made directly to the company bank account. The Developer can assist you on setting up a Thai registered company for a minimum fee
Payment Procedure
Foreigners are required to remit at least USD 20,000.00 into Thailand per transfer to receive a FOREX Transfer Form. This form will be needed to transfer the unit under foreign ownership and also remit money back out of Thailand if so needed in the future.
Note: Conversion to Thai Baht has to be done in Thailand and not before transfer is made into the country. Furthermore, instruction on transfer must state for the purchase of property.
Additional Expenses
A) Transfer fee - Calculated as 3% of the sales price 100% paid by Purchaser upon transfer of title deed.
B) Sinking Fund - This payment is set to 20,000.00 THB (one-time payment only) and is payable upon transfer of title deep.
C) Advanced Juristic Fees – Pay quarterly in advance of 60 THB per square meters 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.
Utilities and Owners Fund
Each Owner will be responsible for the cost of any utilities in respect to their own private property i.e. electricity, water, telephone, etc. and will be invoiced monthly for the same.
Note: By purchasing a unit under Leasehold system at Kata Ocean View Condominium you’ll be entitled of the 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
A) Reservation: Make a deposit of the 2% of the total unit cost which is completely recoverable
by deduction from the final payment.
B) Signing: The Sales and Purchase Contract is to be signed within 30 days of the reservation. A 28% payment of the unit price is required upon the signing of the Contract.
C) Installments: The balance will be divided into regular installments over the construction period of the project accordingly with the building progresses.
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 Living account and Oceanic Global Living shall organize all appropriate paperwork/certificate.
3. Transfer founds to any Developer assigned account or pay cash.
Additional Expenses
A) Transfer fee - Calculated as 1.1% of the lease price 100% paid by Purchaser upon transfer of title deed.
B) Yearly tax fee for the lease registration calculated as 12.5% of the lease price over 30 years lease, (approx 40 to 50 USD per month) 100% paid by Purchaser upon transfer of title deed.
B) Sinking Fund - This payment is set to 20,000.00 THB (one-time payment only) and is payable upon transfer of title deep.
C) Advanced Juristic Fees – Pay quarterly in advance of 60 THB per square meters 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.
