Why Fractional Ownership?

Many people come and visit Phuket time and time again, staying in 4 and 5 star hotels which can easily cost US$ 500 per room per night, particularly in high season and if you have your family or friends with you then you will need more than 1 room, how costly is that!

More and more regular visitors are now buying their own home here be it a villa, townhome or apartment but additionally many have also discovered the benefits and investment potential of Fractional Ownership.

Of course it’s a wonderful feeling to walk into your own home in Phuket every time you come here on vacation however not everyone wants to spend the US$ 750,000-$950,000 required to do so. Maybe you expect to be on the island only 4-8 weeks every year and therefore do not want either the cost of buying outright or maintaining your own full time residence? In these cases fractional ownership is the answer!

Being an owner in Layan Gardens Residences ensures that your accommodation will cost the same for each of the next 30 years as it does today! Not only that but we will give you a fully serviced apartment with three bedrooms and five times the space of a typical luxury hotel bedroom! We will also even ‘throw in’ a brand new Toyota saloon car for your own personal use and still save you a small fortune!

If a couple came to Phuket and used just one quality hotel room for a week for the next 30 years and after allowing just a very modest 5% for inflation they would spend approximately US$ 95,000! If they had their two children with them and required a second room for just 10 years of the 30 years period they would be spending in excess of US$ 135,000 for lodging only, this is much more than the total price of buying a Layan Gardens Residence and you own it for one month per year, not one week!

The Layan Gardens Residences are the most luxurious, largest and best equipped apartments on Phuket island and it is currently the only Fractional Home Purchase to provide you with your own brand new car for your sole use for the duration of each and every vacation. The Layan Gardens Residences has literally no restrictions and ownership offers an investment opportunity too attractive to ignore. The flexibility of the Layan Gardens Residences means that as owners move through life, the needs and desires of their vacations can be adjusted to suit their varying and changing lifestyle and circumstances. Recent trends in what is the fastest growing sector of the tourism industry show that families are now rapidly becoming very interested in the fractional ownership concept in order to guarantee a lifetime of memorable vacations at a fraction of the cost!

Layan Gardens Residences: An unbelievable lifestyle and investment opportunity!

About Fractional Ownership

Fractional Ownership is a legal entity through which any number of investors becomes co-owners (shareholders) of a property. The property is held by a private company created by the developer, which sells shares to investors, who receive share certificates. This allows shareholders a predefined period of holiday weeks pre annum depending on the percentage bought. These weeks are allocated to the owners of the shares on an equitable basis and rotate on an annual basis to ensure that more popular dates are accessible to all the owners.

Share Ownership schemes are not new. They have been around for many years but mainly associated with the purchase of the ultimate in luxury — Private Yachts and Jet Aircraft. Now we are able to extend this luxury to the dream of a second home in a desirable location. The concept of Fractional Ownership in property is firmly established and growing significantly in North America And Europe and is now available to buyers in Asia/Pacific as second home real estate prices escalate and consumers seek a stepping stone to the perfect second home in a desirable location.

Many outright owners tend only to use their property for 4-12 weeks per year, yet still have to bear the costs attached to 52 weeks. The most significant benefit of fractional ownership is the ability to match your purchase with your expected use of a second home. when combined with the services and amenities of living within a "self-contained resort" you have very compelling reasons to consider fractional ownership.

Maintenance and care of the property can be undertaken by either an independent management company of the resort itself, eliminating many of the headaches associated with owning a second property at home or overseas. All annual running costs are divided equally anong the owners to cover your car and servicing as well as renewal every three years, local rates and taxes, car, building and contents insurance, utilites, administration, renewing of fixtures and fittings and equipment within your home, periodic external repainting and maintenance of communal areas, assuring you that the property will always be maintained to a first class standard on a regular basis.

All owners are governed by the conditions set out in a signed shared ownership agreement which details procedures for any demage or misuse giving you piece of mind that your investment is still in good hands while you are not there. Your home lease is registered with the Land Authority of Thailand and you receive a fully registered Lease document issued by the Land Office.

Unlike timeshares or vacation clubs (where people buy memberships and pay dues), shared ownership comes with an underlying structure making it a true asset that will appreciate at current market rates and can be sold on at any time.

Fractional Ownership Facts:

• In 2007, fractional sales in the United States were US$2.3 billion, with over 300 resorts offering Fractional Ownership interest worldwide;
• 95% of Fractional Ownership owners are satisfied with their purchase and 85% of the owners have recommended the product to someone else. 22% of fractional home owners purchase at least one further fractional home within four years of buying their first one.

© 2008 Layan Garden Residences | sales@layangardensresidences | tel: +66 8987 3707 5