Cool Blue Samui - contemporary villas with stunning sea views
Cool Blue Samui is a luxury real estate development on Koh Samui’s prime real estate golden triangle. Designed by an award winning architect, the gated community has low build density.
Situated a few hundred meters from the coast, the Cool Blue development has been designed in such a way as to maximise the view from each villa. All 34 contemporary villas enjoy stunning sea views and are surrounded by luxurious tropical gardens. Simple and functional, the villa interiors are a true fusion of East & West. Expansive living areas, large open terraces, and the seamless transition of indoor into outdoor spaces reflect the modern-Asian design of ‘Cool Blue’.
The project has all of its communal facilities designed by a five star resort specialist and finished to the highest standards to include reception, Spa, gym, restaurant, bar, sun terraces and a large infinity edge pool.
15 Reasons to Invest in Cool Blue Samui
- Stunning 180 degree sea views with islands
- Low build density with only 34 villas
- Every room boasting spectacular sea views
- Breathtaking contemporary design by award winning architect
- Five star resort facilities
- Fantastic location on Koh Samui’s prime real estate golden triangle
- Gated community
- 24% off-plan discount
- 2 years rental guarantee 6% rental programme (optional)
- 40 days a year of usage rights (if owner is participating in rental programme)
- 20% increase in Thailand property prices in 2008, as forecast by BDO Richfield
- Perpetual VIP pass for the Himmapan Resort
- 60% LTV mortgages available
- Koh Samui voted as the second best island in the world to live on
- Owners can sell their villa prior to completion
Location
Koh Samui is an idyllic holiday island in the Gulf of Thailand, voted as the second best island in the world to live on by MSNBC. and with Koh Samui's rapidly expanding international airport, this magical island is becoming more accessible.
Cool Blue is situated in Choeng Mon, one of the most exclusive areas of Koh Samui, Thailand. It is located on a hill side overlooking the beautiful and dazzling sea of the Gulf of Thailand and the neighbouring islands. A vast stretch of quiet, white sandy beach, lined with tropical coconut trees with gentle waves lapping at its shore awaits you only minutes away.
There are a variety of bespoke bars and restaurants in Choeng Mon and the buzzing excitement of Chaweng with its vast array of restaurants, bars, shops and markets is less than a ten minute drive away. Also located within a short drive, is the charming seaside village of Bophut with its numerous boutique shops and restaurants.
The desirability of this area and the ease of nearby facilities, such as the airport in Bang Rak, make it easy to see why the majority of five star hotels and Cool Blue chose this area for their location.
Proximity to amenities:
- 10 minute drive from airport
- 20 minutes drive from Santiburi Golf Course
- 15 minute drive from the boutique restaurants of Fisherman’s village
- 10 minute drive from the island’s main resort with its night life and wide range of facilities
- 15 minute drive to the island shopping mall, cinema and 10 pin bowling complex
- 500 meter to the beach
Koh Samui Highlights
- 20% increase in Thailand property prices in 2008, as forecast by BDO Richfield
- 48 week a year holiday season
- 72% average room occupancy
- £140 average room rate per night
- Average daytime temperature 31°C
- Established holiday destination
- Receives more tourists than the Algarve
- Expanding international airport
- 12 hours flight time from Europe, 2.5 hours from Hong Kong
- High density of signature restaurants
- Five star hotels, golf clubs & hospitals
The Residences at Cool Blue
Cool Blue is unashamedly contemporary with 234m² / 2,518 sq.ft. of indoor and outdoor lifestyle space; open and light with high ceilings in an awesome spatial composition. The 34 villas are carefully positioned on the site to ensure unobstructed sea views from every room.
In the living areas, light filters through oversized louvers with the indoor to outdoor experience being enhanced by doors that open fully onto deep covered terraces. At the lower level, spacious twin master bedrooms, each with elegantly appointed ensuite bathrooms, have their own generous private terrace with horizon edge swimming pool. Dense tropical landscaping surrounds each villa further enhancing the feeling of privacy and being at one with nature.
Current market value of a completed villa is THB 25,000,000 with off plan discount of 24% available making them THB 19,000,000.
A bespoke furniture package will be available for all those wishing to participate in the rental scheme and is priced at THB 900,000 plus a THB 350,000 dressing pack. This will include everything you need to move into your new home including TV, Hi-Fi, kitchenware and bed linen and dressing pack of curtains, blinds and artwork.
The project has a two year construction guarantee and a five year structural warranty.
The Facilities
Residents at Cool Blue can enjoy a wide range of recreational choices at the local clubhouse including:
- Fitness centre
- Free-form infinity pool
- Lap pool
- Sun deck and Jacuzzi
- Restaurant
- Bar
- Spa, massage and treatment rooms.
The extensive facilities enable the resort to run like a hotel with central reservation and guest services, ensuring your investment is looked after, managed properly and produces the best possible rental returns.
Rental Programme
A full hotel management and booking service will operate through a professional hotel management company. This will be real time and linked into all the major travel and tour operator management systems. The resort will be marketed worldwide at all major travel shows.
Owners who wish can participate in the optional rental programme, offering 6% rental guarantee for 2 years. Owners can still use their villa for up to 40 days a year.
Purchase Details
A £500 non-refundable deposit is required to reserve a residence. The property will be held for 30 days while investor reviews contracts.
Cool Blue Samui operates a milestone payment structure. With 20% deposit followed by further payments of 20% on commencement of infrastructure, 20% on completion of roof, 35% upon the villa’s completion and the balance of 5% upon registration of the lease at the local Land Office.
Works will commence in summer 2008 with planned completion late 2009.
Ownership is achieved by a perpetually, renewable lease which offers the lessee full control over the freehold ownership rights, effectively equivalent to freehold ownership.
A sinking fund of THB 100,000 will be obtained from each property, this is a one time payment only. The initial maintenance charge of THB 5,000 per month will be levied from the date of completion. It includes the labour maintenance of your pool and terrace.
The developer is now able to offer 60% LTP (loan to purchase price). The term of the loan can be for 25 years or up to a maximum age of 85. Current interest rate is based on Thailand’s MLR rate (minimum lending rate), at the moment being 6.3%.
Payments of 60% are required during construction. When your villa has been completed the mortgage provider will reimburse you the ‘over-payment’ of 20%. Your net capital outlay will therefore be 40%. The gearing and cash flow benefits of the scheme provide a huge investment uplift.
Closing costs are 1.1% of the purchase price for Land Office tax (compared to 6.3% via a Thai limited company freehold purchase), plus legal fees of up to £1,500.
Hot Properties Worldwide is an authorised sales representative of Cool Blue Samui
