About the company
Jasmine Hills Suites Co. Ltd., a company approved by Thailand’s Board Of Investment belongs entirely to a group of foreigners, who are the only owners of both the resort and Jasmine Hills Serviced Townhouse.
The townhouse project (built entirely in December 2019) is located on the same ground as Jasmine Hills Villas and Spa that has been operating for more than 10 years now, and that appears on reknown websites such as Trip Advisor, Booking.com, Expexia and Agoda.
- Price per unit: 2,000,000 THB
- 8 % of rental guarantee per year for 15 years (160 000 THB each year)
- The rental guarantee is paid every trimester (40 000 THB)
- No maintenance or repair costs are expected
- Buyback guarantee available from the 6th year
To sum it up, for an initial investment of 2,000,000 THB, the investor will get 160,000 THB in return every year (2,400,000 THB total for the 15th year), along with a buyback guarantee with 2% capital appreciation every year (2,560,000 THB the 15th year), meaning that in year 15, the total guaranteed income (including rental and buyback) would be THB 4,960,000.
This gives the investor a guaranteed net income of 2,960,000 THB (148%) if he chooses to use the buyback guarantee in the 15th year (ie, 9.9% of the initial investment each year).
Table – Total income
|Year||Rental guarantee||Buyback guarantee||Total income|
The project is located in a calm disctrict of Doi Sakhet, half an hour away from the city center, an area North-East from the city of Chiang Mai.
As previously mentioned, Jasmine Hills Serviced Townhouse will be located on the same ground as the previous project Jasmine Hills and Spa, as you can see on the following picture.
The ideal investor
Although this project can easily please all investors, at Vauban Real Estate we believe that it most particularly fits young investors for numerous reasons.
Indeed, the low initial investment amount (2,000,000 THB, 59,203 EUR, 66,050 USD ) and its high guaranteed return on investment make it an outstanding product for the city of Chiang Mai.
Moreover, all the guarantees helps the investor being comfortable and reassured during their potentially first purchasing process.
The townhouses are spread over a property of 112 sq.m for a living area of 64 sq.m and a common roof of 64 sq.m also.
Each unit is fully furnished and equiped, with 2 bedrooms, 2 bathrooms, a living room and a kitchen.
Facilities also include a swimming pool, yoga deck, outdoor gym, barbecue area, steam room, massage room and disabled access.
3D Perceptions & Pictures
In short, this investment is a real opportunity not to neglect and that must attract your full attention.
While being one of the safest, this project is also the one with the best guarantees currently in Chiang Mai, thanks to the first and the company Jasmine Hills Suites Co. Ltd., well established since 2009.
For more information about this investment, you can visit Vauban Real Estate website.