Babylon Sky Garden

4.5 (2 Reviews)

Rawai, Phuket Town,Phuket

Unit ID: U29029
7% GUAR. RETURN FOR 3 YEARS
Sold Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
52.80 SqM Size
Floors
2 Floor
Construction
Sep 2018 Completed

1 Bedroom Condo for sale at Babylon Sky Garden

This property is a 52.80 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Babylon Sky Garden project in Rawai, Phuket and was completed in Sep 2018. You can buy this condo for a base price of ฿3,408,515 (฿64,555/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 2
Bedroom 1
Size 52.80 SqM
Price per SqM ฿64,555
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
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Available for ฿300,000
View(s) Pool View
Unit Type 1BR
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.
฿4,752/mo
Listed By
Developer
Date Listed Jul 13, 2017
Last Updated 3 weeks ago
Unit ID U29029

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿3,625,045
Great
฿3,090,000
Good
Fair
Above
฿3,820,000
Current asking Price: ฿3,408,515
This condo is ฿216,530 BELOW MARKET (-6%) 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

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.
฿4,752/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.
15
Guaranteed Rental Return
7%
Guarantee Duration
3 Years

Project Details

Project Name: Babylon Sky Garden
Construction: Completed (Sep 2018)
Floors: 7
Buildings: 1
Units: 41
Project Area: 1,875 SqM
Nearest Landmark Rawai Beach - 0.8 Km
Location: Rawai, Phuket Town, Phuket
Babylon Sky Garden Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Kids Pool Kids Pool
Communal Garden Area Communal Garden Area

Popular Facilities at Babylon Sky Garden

  • Communal Pool
    1st Floor
  • Communal Garden Area
    Rooftop
  • Communal Pool
    Rooftop
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Get notified when new homes are being added to Babylon Sky Garden

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿150,000
1st Installment
Signing of the purchase/lease agreement minus Reservation Fee (within 20 days after reservation)
95%
2nd Installment
After 3 months & transfer of ownership
5%

Frequently asked questions

No pets are allowed at Babylon Sky Garden unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿90 per square meter based on the size of indoor area of the property and is ฿4,752 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 Babylon Sky Garden the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Babylon Sky Garden offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Rawai Beach is the nearest Beach from Babylon Sky Garden 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 Babylon Sky Garden 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
Signing of the purchase/lease agreement minus Reservation Fee (within 20 days after reservation)
95%
2nd Installment
After 3 months & transfer of ownership
5%

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

4.5 out of 5 4.5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
A great time here!
5 Vickie Nguyen, United States, 1 year ago
We have a special time here. We lived on this project for about 2-weeks. It was the most memorable time. There is a new project and a spacious room. Inside, there is a complete set of equipment such as a microwave, hob, and hood. Also a free Wi-Fi service, the internet here is fast. From our room can see the sea view, and we often spend our evenings watching the sunset on the rooftop. There has a swimming pool, bar, and garden service as well. The sunset is stunning, and we are very impressed with the service of the staff. They are helpful, and the location of the project is also great. Close to Rawai beach within walking distance. And the neighborhood of the project is surrounded by community restaurants and convenience stores as well, very impressed
Suitable for investment
4 Emilly Lee, Singapore, 2 years ago
The condominium in a community area. Clean room well divided into proportions and decorated with fine furniture. There is a small kitchen corner suitable for cooking easy meals, and there is also a dining table for 2 seats. The condo unit on the upper floor and rooftop swimming pool offers a distant sea view. There is also a rental program suitable for investment. The downside of this project is on a community road with many local houses with dogs, and sometimes when you pass by, they will come out and chase you!!!!

Phuket

Rawai

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