Palmetto Condo

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Karon, Phuket Town, Phuket

10% GUARANTEED RETURN FOR 2 YEARS
For Sale 4 Units
฿4,000,000
Construction
Jun 2020 Completed
Floors
6 Floors
Units
30 Units

Palmetto Condo in Karon, Phuket

Palmetto Condo is a condo and apartment project located in Karon, Phuket and was completed in Jun 2020. It has 30 units across 6 floors and was developed by Palmetto Real Estate CO.,LTD

About Palmetto Condo

Palmetto Condominium, a luxury condominium in boutique-style, located in a prime area of Karon and surrounded by lush mountain views. It is just a few minutes to Karon and Kata Beaches. At the same time, you can enjoy traditional coastal lifestyles and be more convenient with various amenities such as markets, plazas, shops, and restaurants.

Palmetto Condo delivers luxurious relaxation as if you were in a five-star vacation resort. It features modern full facilities, including an elegantly decorated lobby with a full-time receptionist, the courtyard-style swimming pool, a well-equipped fitness center, valet parking, concierge service, and a 24-hour security system.

Project Information
Palmetto Condo is located at 8 Patak soi 14, Karon Sub-District, Muang Phuket, Phuket. The project is a 6-story low-rise condominium with 30 residential units. The project was developed by Palmetto Real Estate and was completed in 2020.

Room Types
1 bedroom (35 - 42 sq.m)
2 bedrooms (68 sq.m)
Penthouse

Facilities
Lobby
Swimming pool
Fitness center
Garden
Parking space
Key card system
24-hours security system
CCTV

Direction to the Project
To get to the project by private car, start from Karon Circle, head southeast on Patak (route 4028) for 2.3 kilometers and turn left onto Patak soi 14 for 240 meters. You will find the project on the right.

Available Units at Palmetto Condo

Get notified when new homes are being added to Palmetto Condo
Sale Price : ฿5,759,000
Fazwaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
Fazwaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
Fazwaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
Fazwaz Estimate : ฿149,999
Price Rating : Fair Price

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Facilities

Leisure
Leisure
Communal Pool Communal Pool
Fitness
Fitness
Communal Gym Communal Gym
Convenience
Convenience
Hotel Managed Hotel Managed
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Safety
Safety
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)

Management

Common Area Management Fee
Common Area Management Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿60/SqM
Sinking Fund
Sinking Fund
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Palmetto Condo the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
฿500/SqM
Freehold Premium
Freehold Premium
Developments that are popular with overseas buyers usually sell their foreign freehold quota units first. This higher demand is being reflected in the unit prices via the freehold premium.
฿200,000

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
35%
2nd Installment
upon completion of foundation
15%
3rd Installment
opon completion of Concrete Structure Work.
15%
4th Installment
of upon completion of Finished Wall and Roof Top.
15%
5th Installment
On completion
10%
6th Installment
On handover
10%

Master Plan

About the Developer - Palmetto Real Estate CO.,LTD

All Palmetto Real Estate CO.,LTD Projects
1 Project 30 Units

Phuket has never had it so good and property is booming, despite the temporary setbacks of tightened ownership regulations and the uncertainty that followed the 2006 coup. But properties in Phuket continue to change hands regularly as international investors and the wealthy increasingly want a 'piece of Phuket'. The days of an undiscovered paradise are long gone and the speculators have come and gone as the market settles. Investors with an eye on 'the next big thing' are better off looking at other islands along this coast, but those with more genuine interests to develop on the back of a robust and maturing infrastructure will find Phuket very agreeable.

Entry level into acquiring Phuket properties isn't cheap, and there certainly isn't the mass cheap apartment scenario that Spain undertook in the seventies and eighties. The investing here is far more up-market and tasteful. Although it has slowed down, relative to Pattaya for instance, the investment on Phuket is set to continue growing with more developments emerging. Phuket is considered relatively safe when it comes to your money, with long-term returns encouraging. Accessibility, location, style and size however, are all important when investing in Phuket properties.
Also, it is important to consider the distance to the airport. A lot of Phuket's part-time residents, work in Hong Kong, Singapore, Bangkok or other parts of Asia, thus the commute when time is precious can often be limited. Is a longish drive to the southern coastal hotspots of Nai Harn, Patong, Kata,Karon and Chalong, whereas, Cherng Talay, Phuket Royal Marina and Laguna areas are more idealistic.
Most importantly, when investing in properties in Phuket, is the reputation and professionalism of the developer. Phuket probably boasts a higher standard than anywhere else in Thailand - a country not known for exceptional standards of quality - and this is largely due to the international nature of the industry. Many of the companies are managed by experienced property developers from other sophisticated locations, with the advantage of competent local staff.

Initially it was the wealthy Bangkok Thai nationals that snapped up much of the land during Phuket's original boom, when its potential was recognized in the early eighties. This has dominated the commercial property business, including resorts, and retail space in the popular tourist centers. Now the focus is more on residential villas, condo as second or retirement homes for the wealthy. Many buyers do so purely for investment as the pre-build price usually matures by up to 70 percent following completion.

Investors looking at acquiring Phuket properties should take the time to properly familiarize themselves with the local market and the ownership laws and structures in particular.Many buyers do so purely for investment as the pre-build price usually matures by up to 70 per cent following completion.

Frequently asked questions

Frequently asked questions about Palmetto Condo
The common area maintenance fee at Palmetto Condo is ฿60 per square meter based on the size of the indoor area of the property. This fee has to be paid every month by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Palmetto Condo the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Palmetto Condo offers a guaranteed rental return of 10% (based on the purchase price of the property) for a duration of 2 Years.
Read more here.
Karon Beach is the nearest Beach from Palmetto Condo and it is 0.8 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Palmetto Condo you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Installment Milestone Payment
Reservation Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
35%
2nd Installment
upon completion of foundation
15%
3rd Installment
opon completion of Concrete Structure Work.
15%
4th Installment
of upon completion of Finished Wall and Roof Top.
15%
5th Installment
On completion
10%
6th Installment
On handover
10%

Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

Read more here

Reviews

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Phuket

Karon

Neighborhood Overview of Karon, Phuket

Neighborhood Overview

Location and Neighborhood

Street View


Surrounding area

Palmetto Condo is conveniently located just 260 m from Ice Family Tour, which can be reached within 4 mins. by foot.

There are many other shops situated in the area of Palmetto Condo, the 3 closest being:
- 7-11 Thai Na Road Branch (8198) is 1.6 km away (an approx. drive of 1 min.)
- Warm Mart is 2.3 km away (an approx. drive of 5 mins.)
- 7 Eleven is 1.9 km away (an approx. drive of 7 mins.)

The surrounding area, where Palmetto Condo is situated, offers a wide variety of restaurants. See the closest of them below:
- Dawan restaurant is 270 m away (a walk of about 4 mins.)
- Bird mini mart is 820 m away (a walk of about 12 mins.)
- Pim's Kitchen is 330 m away (a walk of about 5 mins.)

Phuket is the nearest health facility, which is 1.5 km away (you can drive there in 5 mins.) from the project, while the closest schools in the proximity of Palmetto Condo are:
- Sunrise Divers Phuket Thailand is 390 m away (about 6 mins. by foot)
- Yoga Teacher Training Thailand by Yoga Nisarga is 640 m away (about 9 mins. by foot)
- Kon-Tiki Karon Dive Center is 710 m away (about 10 mins. by foot)

Phuket International Airport is located 47.8 km from Palmetto Condo and it takes about 1 hour 8 mins. by car or taxi (depending on the traffic) to get there.

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