Advantages


Easy, safe purchase and ownership process. No difficulties for purchase or sale.
Well maintained Common Areas (roads and lush tropical landscape covering 80% of the Estate).
Safe and up to date legal structure. Community Member controlled Executive Committee.
Large Community swimming and lap pool surrounded by attractive gardens with yoga sala, shower/bathroom facilities, clubhouse.
International airport (35 minutes from Santikhiri) with flights to and from Bangkok, Singapore, Kuala Lumpur, Phuket, Penang, Hong Kong, Chengdu, Chiang Mai, Krabi.
Perfect year round climate.
International Schools nearby that meet all Western educational standards.
Possibility for property management and easy rental income that covers annual costs.
Incredible, panoramic sea and island views.
Fiber optic internet available
Many state of the art medical and dental facilities are available on Koh Samui. Four International Hospitals, numerous very good local clinics and specialists. Several excellent Dental clinics.
Well organised management and staff of 14 (Estate Manager, Bookkeeper, Engineer, Security, Gardeners).
Crime free. 24 hour Security.
Many options for fine Thai and International dining closeby.
Constantly improving infrastructure.




Waterfall Villa 15 Property Description


Plot Number: 15.
Size: 1,440 square meters
Title Deed Type: Chanote
Owner: Marc Chartrand
E-mail: mchartrand7305@gmail.com
Telephone: +66 - 0866485380
Asking Price: 950,000.00 USD

Hilly with terraces and beautiful tropical landscaping.
Estate View/Orientation: South to Gulf of Siam, Islands of Koh Tan, Koh Madsum, Laem Sor Pagoda and the Mainland.
GPS: 9-25 35.68N, 100-00 19.54E


Description of house


Year Constructed: 2006
Air Conditioning: In Master bedroom of upper house and 1 bedroom in lower house.
Size: approx. 350 square meters
Ceiling Fans: 6 in lower house, 4 in upper house
Number of buildings: 2.
Furnished: Fully furnished with furniture, all kitchen ware, bedding linen, towels, tools, everything you need to move right in.
Main lower house with waterfall, plunge pool, living room, 2 bedrooms, 2 bathrooms, kitchen, large covered outdoor terrace.
Swimming Pool / Plunge Pool: Approximately 25 square meter pool in the living room. Also there is a large 18-meter length community pool located 100 meters from the house. The Community pool area has shower/changing rooms for men and women and a club house- picnic area for members and their guests or renters.
Upper master bedroom house with 1 sleeping room, large bathroom, hallway with storage closets, outdoor terrace partly covered.
     Magnificent views from both houses.
Special Features: 14-meter high waterfall in the living room descends into the plunge pool.
Total Bedrooms: 3
Parking: 2 places are provided at the entry to the Villa.
Accommodates: 6-8
Garden: Fully landscaped with local plants that do well in all seasons. The garden and a stairway from entry to both buildings is fully lighted at night.
Bathrooms: 3
Living Room: very large open room with high ceilings.
Kitchen: Fully equipped with gas and electric burners, electric oven, refrigeratior, pantry storage area, all utensils.
Wifi: Yes, fiber optic cable.
TV: Satellite (True Vision). Both buildings have wide screen TVs and video disc players.
Sound and Video Systems: Each building has its own stereo receiver and wall-mounted speakers.



Housekeeper: Khun Ya the housekeeper works 6 days per week full time.
Gardener: Khun Chaiya works 1-3 days per week depending on the season, the weather and his other work responsibilities.
      They both do magnificent work keeping the house and property in perfect shape.

Ownership & Company Structure at Santikhiri


Santikhiri Estate comprises 30 plots for homes plus common areas that include roads (with lighting), parking, office, electrical sub stations, water storage and pumps, security checkpoints, landscaped garden and swimming pool areas (with pool, mens & womens shower rooms, yoga sala, and club house).
Each member of the community is a shareholder in an offshore company registered in the British Virgin Islands. The Company is called Amaravati Residences Ltd. (we call it simply The BVI). Each member of the community has 2 shares in this BVI company. The BVI shareholders have elected 2 Directors from among them.
The BVI is 49% owner of The Amaravati Residences Company Ltd. (we call it ARCO Thai) which is the land owning company that owns all the freehold land titles of Santikhiri. The 2 BVI Directors represent the interests of the BVI shareholders in ARCO Thai.The other 51% of ARCO Thai ownership is held by 2-3 Thai shareholders with each one owning less than a 24% equity stake. All major decisions of ARCO Thai require at least 75% shareholders vote for approval.
Day to day affairs of the community are governed by a 3 member ExCo which is elected by the Community Members (who are also BVI shareholders) and empowered by the ARCO Thai shareholders. The ExCo initiates, proposes for approval and oversees the annual budget and the activities of the staff, improvement projects and overall maintenance of the community.
There are 2 Directors of ARCO Thai, who are also the Santikhiri Managers.
The community currently employs 14 staff: 1 Estate Manager, 1 Coordinations Manager representing the BVI shareholders, 5 security, 1 administrative assistant, 1 engineer, 5 gardeners. The staff members are managed by the Estate Manager under the supervision of ExCo.
Each BVI shareholder/ Community Member leases his/her plot from ARCO Thai for a 30 year period. At the end of each 30 year lease term, a new 30 year lease will be automatically and irrevocably re-issued. Each community member (i.e. the lessee) has full ownership of his/her house.
Ownership therefore means that each member is the registered owner of:
a) their 30 year land lease, house and related infrastructure (if any), registered at the Samui Land Office, and
b) 2 BVI shares through which they own a stake in the underlyng freehold land titles and participate in the decision making of the Community.

The Sale or Transfer of Ownership


BVI Shares: At the time of transfer of ownership the seller provides the buyer with a Share Transfer Instrument for both BVI shares. New shares are issued by the BVI to the buyer following completion of the transaction.
Lease: The buyers and sellers lawyers will obtain the necessary documents from the Lessor (ARCO Thai), including the letter of consent, original land title deed and lease for the plot and assign them into the name of the buyer, at the Samui Land Office after a 30 day waiting period, declared to the Land Office after the Purchase & Sale agreement has been signed by both parties. The buyer will pay for his/her lawyer and government fees at the Land Office for assignment of the land lease into their name.

House


The seller will provide documents as needed and the buyer will pay for his/her lawyer fees and government fees at the Land Office for transfer of the house into their name.
Santikhiri Management, its Directors and ExCo work with the Seller and buyer to assure a smooth and legal transfer of the property.
The buyer chooses the extent of Due Diligence and pays for his/her lawyers fees to perfom that.
Payment arrangements are at the discrection of buyer and seller as stated in the Sale & Purchase agreement.