what is fractional ownership?
The “fractional” concept can be traced back to the early 1970’s with the first co-ownership developments in southern Spain and Portugal. The fractional ownership concept has existed for as long as the market for second homes itself, as evidenced by the practice of joining together with family and friends to share ownership of holiday homes.
More recently, Fractional Ownership developments have attracted consumers who can afford to purchase luxury second homes outright but have difficulty rationalising the cost and inconvenience of whole ownership, in circumstances where their annual use of the property is measured in weeks or possibly, just a couple of months.
A significant additional attraction for prospective buyers is the extensive amenities, high-quality furnishings and finishes, desirable locations, pride of ownership, the sense of exclusivity, the provision of personalise services and a maintenance and worry-free lifestyle offered by fractional projects. In short, Fractional Ownership provides a “Second Home” alternative with property management and ongoing maintenance taken care of, for the co-owners, by a professional management company.
Fractional Ownership offers many of the benefits of a traditional second home but at a fraction of the cost of outright property ownership.
For more information, including answers to frequently asked questions, download our Fractional Ownership PDF.
FRACTIONAL PRODUCT OVERVIEW
The Fractional Ownership Program for the Residences Dewa offers a unique product within the Phuket Real Estate market by providing a “Second Home” alternative at a fraction of the cost of an outright or whole-ownership purchase and without any of the hassles or responsibilities traditionally associated with second-home ownership. The product has been designed to provide flexibility in usage for the Fractional Ownership Buyers and is a hybrid offering, combining the opportunity for lifestyle enhancement through flexible annual usage of a superbly appointed Apartment, linked to the return of a sizeable capital sum at the end of the Program term.
The term is initially set at fifteen  years but this is extendable, once only, for a further term of five  years if 75% of the Fractional Owners in any specific Apartment so choose during the penultimate year of the initial 15-year term.
Fractional Ownership Enquiry Form
Dewa Phuket Resort
65 Moo 1, Tambon Sakoo, Amphur Thalang, Phuket 83110 – Thailand
Tel: +66 91 650 6988