Rental Program Overview
Surin Park's developers own experienced management team will focus especially on the rental scheme to ensure the maximum returns and flexibility for the owners. Surin Park is run as high standard service apartments. Due to the facilities and excellent, high demand location all year round we are confident that the ROI estimates will easily be met. You can check out the concept here www.surinpark.com
We see a strong potential in Surin Park Condo. Due to the intelligent project planning and attractive location, Surin Park Condo fits well into to prime product segment. In addition we are experiencing an increasing demand for apartments especially on the strong Nordic market.
Surin Park Condo has a strong advantage on the rental market as there is a lack of apartments in the Surin and Bang Tao area. We are convinced that the combination of an attractive location and a popular accommodation type will render a strong rental income.
Return on Investment (ROI) The average ROI is estimated at 6%, but might be both higher and lower. The actual ROI depends on a number of variables: the number of nights you choose to include your apartment in the rental program, the actual occupancy, market rates and other general market related issues that affect travelling such as fuel prices, political stability etc.
Why will Surin Park have an above average Rental Program Result?
1 . Market Situation For the first time in many years there is an overcapacity of hotel beds in Phuket. In addition, 5000 more hotel beds are scheduled to be added to the market by the end of 2009. Surin Park Condo is being rented as one unit pool to one or few strong third parties. The synergy of several apartments being rented as one pool is likely to create a steady occupancy over a long period, securing a good return for you. More importantly, only 3, 5% of all accommodation beds on Phuket are apartments. The demand is way bigger why Surin Park surely will take the upper hand even in a temporarily slowing market.
2. Surin Park Management Surin Park Corporation's Scandinavian/Thai team has a strong network among Tour Operators, covering most major European and Asian markets as well as several online hotel portals. Through our experience from both property management and Tour Operating, we understand the market and can work proactively, finding attractive and profitable solutions for all parties.