Rental Pool Program
Buying apartments in Layan Green Park comes with the opportunity to participate in our rental pool program which offers you 60% of the rental income.
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In this program, the management company handles the accommodation and guest services on the owner's behalf. Over time, the owner receives a passive income from the actual renting out of the apartment.
THE OWNER ENTERS INTO AN AGREEMENT WITH THE MANAGEMENT COMPANY
According to the contract, the apartment is reserved for the owner for 30 days a year in the summer. The owner may stay by himself or invite friends or family members.
THE MANAGEMENT COMPANY CREATES THE POOLS AND SUBSEQUENTLY RENTS THEM OUT
Pools are formed from apartments of the same type. All studios are combined into one pool, one-bedroom into another and so on. All expenses and profits are divided for each apartment in the pool in equal shares.
AT THE END OF THE REPORTING PERIOD, THE OWNER RECEIVES AN INCOME
The management company calculates the rental revenue for each pool, deducts expenses and calculates the net profit from the renting of the apartment. Next, the management company provides a full report and transfers 60% of the net profit to the owner.
Calculation of the income under the rental pool program for a 30.3 m2 studio
Low season - 184 days
Average rental cost per day - 3,600 THB
Occupancy — 65%
Middle season - 151 days
Average rental cost per day - 3,900 THB
Occupancy — 80%
High season - 30 days
Average rental cost per day - 5,100 THB
Occupancy — 95%
THB 1,047,030 — revenue per year, considering the seasonal occupancy
THB 469,926 — total expenses
THB 577,104 — net rental profit
60% of the net profit — owner's income
THB 346,262 — the owner's income, which is 8.79% of the apartment cost
THB 3,939,000 — the apartment cost
INCOME FOR 10 YEARS
Based on our extensive market experience, we project revenues to increase annually by 3% through brand promotion and natural market growth.
For a 10-year ownership period, your total income will be 101% of the cost of the apartment totaling THB3,969,510.
Estimated payment terms
1st payment: within 30 days after the initial reservation (minus the cost of the reservation).
2nd payment: upon completion of building B glazing (July 2022)
3rd payment: upon completion of the facade work of building B (November 2022)
4th payment: upon completion of landscaping (March 2023)
To participate in this program, it is necessary to purchase a full standard furniture package from the developer. It is important to note that the management company bears full financial responsibility for the apartment and solves all issues of maintenance and repair of the apartment without involving the owner.
Loyalty program
All owners of the apartments automatically become a members of the Layan Green Park loyalty program and receive benefits:
25% discount for all room categories at Layan Green Park
25% discount on spa services
20% discount on food and beverages in all outlets and room service
15% discount on transfers
Priority Check-In
Early Check-in and late Check-out, free of charge
Additional discounts from our partners are available and will be announced closer to the complex opening.
Full conditions of the Loyalty and Rewards program will be announced 6 months prior to the complex opening.