In 2023, the main Thai resort of Phuket set several records. 2,000 apartments were sold here, although the standard for the region is 500-600 transactions per year. And – for the first time – 70% of foreign buyers came here from Russia. The excitement also attracts professional market participants to the island. A leading developer in the South of Russia is currently building an innovative apartment complex in Phuket. Private investors should pay attention to it, and that’s why…
The developer
Metrics Development has been designing and constructing multi-family residential complexes since 2013. The company’s portfolio includes seven completed projects, five under construction.
Specializes in luxury real estate. It is included in the top 10 developers in the South of Russia (rating of the industry portal “Unified resource of developers”). Among the awards is the nomination “Developer of the Year” in the federal Urban Awards in 2022 and 2023.
In Thailand, Metrics Development is developing four projects with a total area of 60 thousand square meters: two will be announced before the end of the year, and two are already under construction – a complex of Proxima Villas and VEGA Condominium apartments. The latter is a real godsend for investors.
The complex
VEGA Condominium is an innovative and multifunctional complex.
Programs for obtaining passive income have already been developed for investors: part of the profit will be sent to the owner of the property, part to the management company.
Thanks to the well-thought-out infrastructure and functional layouts, the complex will be comfortable for long-term living. For sure, it will become in demand among digital nomads, who are increasingly moving to Phuket.
The innovations that Metrics Development brings to the Thai real estate market are related not only to construction technologies, but also to IT solutions. A mobile application will be developed for guests and property owners in VEGA Condominium – to pay for utilities, order food at home, book seats in the conference hall…
As for construction, everything is also state-of-the-art: natural materials, barrier-free environment, smart technologies. You can evaluate the approach to architecture and interior design yourself.
Courtyard and rooftop recreation area in VEGA Condominium complex 
Restaurant and reception in VEGA Condominium complex
Location
The complex is located in the most prestigious area of the island – next to the 13-kilometer Bang Tao beach and the five-star Laguna Phuket resort.
It has the best tourist infrastructure: golf courses, shopping and entertainment complexes, tennis courts, more than 30 bars and restaurants. And it’s just very beautiful: a system of artificial lakes, landscaped green areas, walking trails – everything is kept in perfect order.
VEGA Condominium complex on the map of Phuket
Infrastructure
Perhaps every resort house in Phuket has a swimming pool – this is a must have for renting apartments to tourists. VEGA Condominium has assembled its own unique set of infrastructure that distinguishes the complex from competitors.
Guests will have access to
- stylish rooftop relaxation area with lounge bar, Jacuzzi and cinema;
- 900-meter fitness center – negotiations are already underway with experienced instructors who will conduct individual training sessions for guests;
- A 540-meter restaurant with a conference room – they promise to invite chefs of the popular Italian cuisine brand;
- modern coworking to make it comfortable to work from the complex;
- A spa to relax after an active day;
- a children’s club and a special pool for the youngest (of course, there is also a pool for adults);
- even the underground parking is unusual – with a car wash, parking is also provided for buses with tourist groups that are planning to actively receive here.
And convenient services
- Reception area with three check-in desks
- 24-hour security and video surveillance
- Regular shuttle to Bang Tao Beach
- A mobile application for managing real estate and ordering services
The project of the VEGA Condominium complex in Phuket
Realty
Investors are offered two of the most popular real estate formats among tourists.
- The studios are spacious (34 sq. m.) and comfortable – 4 sq. m wide, which allows you to conveniently place furniture and makes the room brighter.
- One–bedroom apartments with a total area of 52 sq. m, with a 25-meter living room, which houses a kitchenette and a seating area with a pull-out sofa.
Apartment layouts in the VEGA Condominium complex
At the individual request of the investor and after consultation with the architect, you can change the layout or, for example, combine several units into one to get a spacious apartment with two or three bedrooms.
The apartments are put into operation on a turnkey basis – with full finishing, built-in furniture and appliances. The designers have already developed interior designs – all the furnishings are included in the price.
Examples of interiors designed for the VEGA Condominium complex
Why buy now
A reliable project. The VEGA Condominium complex has already received the EIA (Environmental Impact Assessment) certificate. This is the most important document issued by developers in Thailand. Without it, it is impossible not only to start construction, but also to plan the terms of commissioning.
The presence of an “environmental certificate” is a guarantee that government officials have checked the developer and the project and issued all necessary permits. This means that investors can expect that the complex will be handed over without delay.
The site has already been cleared and leveled. The main work on the site will begin in May 2024, and will be completed in August 2026.
High income. Now is the start of sales, which means the most favorable prices. The standard practice for Thailand – to increase the cost of apartments as the complex is built – will be applied here.
A square meter of an apartment in VEGA Condominium now costs 95 thousand baht ($2.6 thousand). By the end of 2024, the developer will sell the same apartments for 120 thousand baht, and in the final construction – from 140 thousand baht. By investing at the start, investors will be able to increase their capital by 50% in two years.
A convenient deal. The first investors always have more opportunities.
These are flexible installment plans: a deposit of 200 thousand baht ($5.5 thousand) is enough for booking. And discounts – for example, for 100% prepayment. And the best choice of apartments.
There are still apartments that can be issued to a foreigner in full private ownership. By law, the share of freehold facilities cannot exceed 49% of all units in the complex. And they are usually disassembled first. If you need exactly such options, contact the developer now.
Advertisement. Olifirova Ekaterina Sergeevna, 583806949901, erid: 2SDnjboRKtC
Do you want to make money on real estate in Thailand? Metrics Development specialists will be happy to help you!
A3#11, Blue Tree (3rd Floor) 4, 4/2 Srisoonthorn Rd, Cherngtalay, Thalang District, Phuket 83110
https://metricsthai.com/
[email protected]
+66 64 952 8777
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