Paradise Beach Residence

4 (1 Review)

Patong, Kathu,Phuket

Unit ID: U172414
7% GUAR. RETURN FOR 15 YEARS
Sold Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Floors
4 Floor
Construction
Dec 2023 Off Plan

1 Bedroom Apartment for sale at Paradise Beach Residence

This property is a 0 SqM apartment with 1 bedroom and 1 bathroom that is available for sale. It is part of the Paradise Beach Residence project in Patong, Phuket and it is scheduled for completion in Dec 2023. You can buy this apartment for a base price of ฿5,175,000 ().

Features

BalconyBalcony

Basic Information

Property Type Apartment
Floor 4
Bedroom 1
Size N/A
Price per SqM
Apartment Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Leasehold
Furniture
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) Garden View
Unit Type 2-8F
Building N/A
CAM 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.
N/A
Listed By
Developer
Date Listed Sep 11, 2019
Last Updated 2 weeks ago
Unit ID U172414

Price Analysis

Great Price
Estimated market value ฿7,140,295
Great
฿5,820,000
Good
Fair
Above
฿6,010,000
Current asking Price: ฿5,175,000
This apartment is ฿1,965,295 BELOW MARKET (-28%) in the Phuket area. It is analyzed against similar apartments & flats and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
15
Guaranteed Rental Return
7%
Guarantee Duration
15 Years

Project Details

Project Name: Paradise Beach Residence
Construction: Off Plan (Dec 2023)
Floors: 8
Buildings: 7
Units: 1152
Project Area: 28,000 SqM
Nearest Landmark Patong Beach - 1.3 Km
Location: Patong, Kathu, Phuket
Paradise Beach Residence Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Direct Beach Access Direct Beach Access
Reception / Lobby Area Reception / Lobby Area
Kids Pool Kids Pool
Lounge Lounge
Communal Garden Area Communal Garden Area
Back Up Generators Back Up Generators

Popular Facilities at Paradise Beach Residence

  • Communal Pool
    Ground Floor
  • On Site Restaurant
    Ground Floor
  • Reception / Lobby Area
    Ground Floor
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This apartment was reserved by another buyer but check out these similar properties

Available Units at Paradise Beach Residence

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Payment Plan

Payment Terms
Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
Upon reservation agreement signing
35%
2nd Installment
90 days after contract signing
10%
3rd Installment
Upon completion of infrastructure
15%
4th Installment
๊Upon building foundation completion
15%
5th Installment
% construction completion
15%
6th Installment
On handover
10%

Frequently asked questions

No pets are allowed at Paradise Beach Residence unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Paradise Beach Residence offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 15 Years.
Read more here.
Patong Beach is the nearest Beach from Paradise Beach Residence and it is 1.3 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 you have to follow these steps:

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

Payment Terms
Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
Upon reservation agreement signing
35%
2nd Installment
90 days after contract signing
10%
3rd Installment
Upon completion of infrastructure
15%
4th Installment
๊Upon building foundation completion
15%
5th Installment
% construction completion
15%
6th Installment
On handover
10%

Read more here

 

Sure and with travel restrictions this is becoming a more popular option. We have online immersive tours of a large number of properties so you can see all properties from your home. Our experienced team can also conduct a video tour and once you are ready to go ahead with your purchase, either our team or we can recommend lawyer to manage the entire transfer of the property into your name without you physically being 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

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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Reviews

4 out of 5 4
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
This place is very suitable for investment
4 Jessi Bernier, Singapore, 1 year ago
I have a plan to invest in a condo in Phuket. So I asked for information about many places, and I think this place is the best value. Located on the way to Paradise Beach, which is quiet and offers high privacy. This place is very suitable for investment purchase and long term rental. You don't have to worry about traveling at all because if you don't have your own car, there is a shuttle bus service to Patong Beach and nearby neighborhoods. Facilities can be called complete. It is now under construction. I think if it's completed, it will be very beautiful. Overall, I think it's worth it. Great location next to Patong Beach

Phuket

Patong

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby Paradise Beach Residence

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Viva Patong
Location
Kathu, Phuket, Thailand
Number of units
64
Sales Prices
฿3.73M - ฿18.9M
▼ -0.6% underpriced
Monthly Rentals
N/A
Year Built
Mar 2018
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
183
Sales Prices
฿5M - ฿7.19M
▼ -43% underpriced
Monthly Rentals
N/A
Year Built
Dec 2012
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
86
Sales Prices
฿4.25M - ฿18M
▲ 1.3% overpriced
Monthly Rentals
N/A
Year Built
Dec 2017
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
52
Sales Prices
฿6.29M - ฿13M
▼ -15% underpriced
Monthly Rentals
฿30K
Year Built
Dec 2015
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
20
Sales Prices
฿17M - ฿36M
▲ 1.6% overpriced
Monthly Rentals
฿50K - ฿89.9K
Year Built
Jun 2018
Completion Status
Completed
Project Name
Bayview Paradise
Location
Kathu, Phuket, Thailand
Number of units
47
Sales Prices
฿3.9M - ฿9.49M
▼ -2.2% underpriced
Monthly Rentals
N/A
Year Built
Jan 2020
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
148
Sales Prices
฿11.9M
▼ -5% underpriced
Monthly Rentals
N/A
Year Built
May 2015
Completion Status
Completed
Location
Kathu, Phuket, Thailand
Number of units
39
Sales Prices
฿3.1M
▼ -32% underpriced
Monthly Rentals
N/A
Year Built
Nov 2010
Completion Status
Completed
Project Name
Pu Condo
Location
Kathu, Phuket, Thailand
Number of units
243
Sales Prices
฿3.12M - ฿8.22M
▲ 1.3% overpriced
Monthly Rentals
N/A
Year Built
Dec 2022
Completion Status
Off Plan
Location
Kathu, Phuket, Thailand
Number of units
5
Sales Prices
฿27M - ฿41.6M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Made To Order
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