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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.
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.
1 bedroom (35 - 42 sq.m)
2 bedrooms (68 sq.m)
Key card system
24-hours security system
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.
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.
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.
After you have found the right property at Palmetto Condo you have to follow these steps:
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.
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.