City Center Residence

4 (1 Review)

Nong Prue, Pattaya, Chon Buri

Unit ID: U280789
7% Rental Yield
฿2,490,000 ฿3,590,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
35.07 SqM Size
Floors
1 Floor
Construction
Dec 2017 Completed

1 Bedroom Condo for sale at City Center Residence

This property is a 35.07 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the City Center Residence project in Nong Prue, Pattaya and was completed in Dec 2017. You can buy this condo for a base price of ฿2,490,000 (฿71,001/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 1
Bedroom 1
Size 35.07 SqM
Price per SqM ฿71,001
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, 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) 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.
฿1,718/mo
Listed By
Developer
Date Listed Jan 24, 2020
Last Updated 1 month ago
Unit ID U280789

3D Walkthrough

Price Analysis

Good Price
Estimated market value ฿2,496,009
Great
฿2,390,000
Good
Fair
Above
฿2,620,000
Current asking Price: ฿2,490,000 | Rental estimate: ฿15,100/mo
This condo is priced at the current market value in the Pattaya 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
฿2,490,000
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.
฿1,718/mo
Est. Rent
฿15,100/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.
14
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at City Center Residence, and the current sales price.
7%

Project Details

Project Name: City Center Residence
Developer: Matrix
Construction: Completed (Dec 2017)
Floors: 8
Buildings: 4
Units: 639
Project Area: 7,039 SqM
Nearest Landmark Central Pattaya Beach - 1.2 Km
Location: Nong Prue, Pattaya, Chon Buri
City Center Residence Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at City Center Residence

  • Communal Pool
    Ground Floor
  • Communal Gym
    2nd Floor

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Floor 6 Floor
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Baths 1 Baths
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Floor 7 Floor
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Get notified when new homes are being added to City Center Residence

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
On handover
100%

Frequently asked questions

No pets are allowed at City Center Residence 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 ฿49 per square meter based on the size of indoor area of the property and is ฿1,718 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 City Center Residence the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Central Pattaya Beach is the nearest Beach from City Center Residence and it is 1.2 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 City Center Residence 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
฿50,000
1st Installment
On handover
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 out of 5 4
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Affordable rental price condo
4 Anjan Mojica, Mexico, 2 years ago
My girlfriend and I rented a one-bedroom unit at this condo. It is new with a beautiful design. The common area is clean, and the facilities include a swimming pool, fitness center, sauna, and parking. The staff doesn't smile, so I feel a bit unwelcome. In the evening, people always come to swim and make some noise. Anyway, I love the overall here because the rental price is not expensive. The room is spacious and has quality furniture. The location is perfect; it's easy to travel, close to many tourist attractions such as Pattaya Beach, Pattaya Walking Street, and Central Festival Pattaya Shopping Center. You can get there in 5 minutes or walk for about 20 minutes. I rented a car; it is very convenient to drive anywhere; recommend it here! I will be back here again when I come to Pattaya.

Pattaya

Nong Prue

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Projects Nearby City Center 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
Location
Pattaya, Chon Buri, Thailand
Number of units
146
Sales Prices
฿2.49M - ฿3.19M
▲ 13% overpriced
Monthly Rentals
฿13K - ฿15K
Year Built
Dec 2016
Completion Status
Completed
Location
Pattaya, Chon Buri, Thailand
Number of units
47
Sales Prices
฿1.55M
Monthly Rentals
฿8.98K
Year Built
Jun 2009
Completion Status
Completed
Project Name
9 Karat Condo
Location
Pattaya, Chon Buri, Thailand
Number of units
450
Sales Prices
฿1.48M - ฿2.19M
▼ -24.3% underpriced
Monthly Rentals
฿15K
Year Built
Aug 1992
Completion Status
Completed
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Diana Estate
Location
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Number of units
200
Sales Prices
฿1.9M
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Project Name
Chaba Garden
Location
Pattaya, Chon Buri, Thailand
Number of units
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Sales Prices
N/A
Monthly Rentals
฿5.98K
Year Built
Jan 2016
Completion Status
Completed
Project Name
888 Villas Park
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Number of units
715
Sales Prices
฿12.5M - ฿17.8M
▼ -21.1% underpriced
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N/A
Year Built
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Off Plan
Location
Pattaya, Chon Buri, Thailand
Number of units
N/A
Sales Prices
N/A
Monthly Rentals
฿19.9K - ฿24.9K
Year Built
N/A
Completion Status
Completed
Project Name
LK Legend Pattaya
Location
Pattaya, Chon Buri, Thailand
Number of units
279
Sales Prices
฿2.83M
▼ -24% underpriced
Monthly Rentals
฿25.9K
Year Built
Aug 2010
Completion Status
Completed
Location
Pattaya, Chon Buri, Thailand
Number of units
1112
Sales Prices
฿2.54M - ฿8.98M
▲ 1.7% overpriced
Monthly Rentals
฿7.48K - ฿39.9K
Year Built
Apr 2016
Completion Status
Completed
Location
Pattaya, Chon Buri, Thailand
Number of units
192
Sales Prices
฿3.92M - ฿8.59M
▼ -33% underpriced
Monthly Rentals
฿18K
Year Built
Mar 2010
Completion Status
Completed
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