Aristo Condo Patong

4.71 (4 Reviews)

Patong, Kathu,Phuket

Unit ID: U170403
8% GUAR. RETURN FOR 5 YEARS
฿5,446,188 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
35.48 SqM Size
Floors
3 Floor
Construction
Jul 2019 Completed

1 Bedroom Condo for sale at Aristo Condo Patong

This property is a 35.48 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Aristo Condo Patong project in Patong, Phuket and was completed in Jul 2019. You can buy this condo for a base price of ฿5,446,188 (฿153,500/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 3
Bedroom 1
Size 35.48 SqM
Price per SqM ฿153,500
Condo 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%.

Foreign Quota, Thai Quota, Leasehold, Company
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) Sea View
Unit Type B1
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.
฿2,129/mo
Listed By
Developer
Date Listed Aug 29, 2019
Last Updated 1 year ago
Unit ID U170403

Price Analysis

Great Price
Estimated market value ฿5,945,186
Great
฿5,860,000
Good
Fair
Above
฿6,290,000
Current asking Price: ฿5,446,188
This condo is ฿498,998 BELOW MARKET (-8%) in the Phuket area. It is analyzed against similar condos 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

Sale Price
฿5,446,188
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.
฿2,129/mo
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.
13
Guaranteed Rental Return
8%
Guarantee Duration
5 Years

Project Details

Project Name: Aristo Condo Patong
Construction: Completed (Jul 2019)
Floors: 2
Buildings: N/A
Units: 122
Project Area: N/A
Nearest Landmark Patong Beach - 2.5 Km
Location: Patong, Kathu, Phuket
Aristo Condo Patong Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Spa Spa
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Available Units at Aristo Condo Patong

Get notified when new homes are being added to Aristo Condo Patong

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Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
21 days after contract signing
100%

Frequently asked questions

The common area maintenance fee is ฿60 per square meter based on the size of indoor area of the property and is ฿2,129 for this condo. This fee has to be paid 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 Aristo Condo Patong the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Aristo Condo Patong offers a guaranteed rental return of 8% (based on the purchase price of the property) for a duration of 5 Years.
Read more here.
Patong Beach is the nearest Beach from Aristo Condo Patong and it is 2.5 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 Aristo Condo Patong 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
฿200,000
1st Installment
21 days after contract signing
100%

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

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

4.7 out of 5 4.71
Based on
4 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Gorgeous in vintage style
4.8 Soohyun Song, South Korea, 11 months ago
The project has millionaire views! It's a stunning view overlooking Patong bay. There are complete facilities such as a swimming pool, restaurant, shuttle bus, pick-up and drop-off spot, and parking. The room is decorated in a vintage style, which is really beautiful and has an excellent contemporary feeling. The staff gave good services, delicious food at very affordable prices. The guests are both foreigners and Thai residents. The location is perfect. Not busy and not far to Patong beach, only 5 minutes by car. For travelers, I recommend grabbing a taxi because the road uphill is quite dangerous.
Vintage style room
4 Coral Thibodeau, Mexico, 1 year ago
I'm telling you, there's no word but beautiful! I bought a 1 bedroom condo, decorated in a vintage style, giving a sense of sweetness and warmth. The condo atmosphere is pleasant. I love the pool here because it is on the rooftop, overlooking a beautiful sea and mountain views. There are also sunbeds in the pool area and pavilions for relaxing in the middle of the pool. As for the service, the staff serves an excellent service and provides a secured security system, which is very private.
Beautiful and luxury project
5 Paul Mc, United States, 1 year ago
A beautiful project located on Patong Hill. The view from the actual site is more beautiful than the pictures. Traveling to Patong Beach takes only 5 mins. Actually, I look at this project for investment. It is interesting because the project can guarantee a high return. The unit is a 1-bedroom type with a full set of good quality furniture and a pool view. There is a communal swimming pool, a restaurant, parking space, and a security guard for 24 hours. The only problem is that the access road is a bit dangerous.
My vacation home in Patong
5 Stella Walker, Australia, 2 years ago
The condo is beautifully and luxuriously designed. I like the interior of my 1-bedroom unit here very much. The furniture is fine. Another favorite thing would be the view from the swimming pool and the project's sala overlooking the ocean view. The atmosphere is perfect too, so I decided to buy one for my vacation home in Patong that can be reached in 5 minutes.

Phuket

Patong

Neighborhood Overview

Location and Neighborhood

Street View

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