Palm Bay 1 Pattaya

4 (1 Review)

Nong Prue, Pattaya, Chon Buri

Unit ID: U170330
6% GUAR. RETURN FOR 2 YEARS
฿3,153,500
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
26.50 SqM Size
Floors
10 Floor
Construction
Dec 2021 Off Plan

1 Bedroom Condo for sale at Palm Bay 1 Pattaya

This property is a 26.50 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Palm Bay 1 Pattaya project in Nong Prue, Pattaya and it is scheduled for completion in Dec 2021. You can buy this condo for a base price of ฿3,153,500 (฿119,000/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 10
Bedroom 1
Size 26.50 SqM
Price per SqM ฿119,000
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) Sea View
Unit Type A-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.
฿1,325/mo
Listed By
Developer
Date Listed Aug 27, 2019
Last Updated 1 year ago
Unit ID U170330

Investment Opportunity: Charges & Yield

Sale Price
฿3,153,500
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.
฿1,325/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.
17
Guaranteed Rental Return
6%
Guarantee Duration
2 Years

Project Details

Project Name: Palm Bay 1 Pattaya
Developer: Palm Bay Group
Construction: Off Plan (Dec 2021)
Floors: 41
Buildings: N/A
Units: 353
Project Area: N/A
Nearest Landmark Pattaya Walking Street - 1.8 Km
Location: Nong Prue, Pattaya, Chon Buri
Palm Bay 1 Pattaya Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Steam Room Steam Room
Sauna Sauna

Available Units at Palm Bay 1 Pattaya

Get notified when new homes are being added to Palm Bay 1 Pattaya

Loan Calculator

Project Progress

Palm Bay 1 Pattaya 13%
Expected completion date: December 2021
Concept and Visualization100%
Preliminary Works85%
Construction Status5%
Handover and Commissioning0%

Payment Plan

For 1 Bedroom
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Down Payment
30%
2nd Installment
Before December 31,2019
10%
3rd Installment
Before June 30,2020
10%
4th Installment
Before December 31,2020
10%
5th Installment
Before June 30,2021
10%
6th Installment
On completion
30%
For 2 Bedroom
Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
Down Payment
30%
2nd Installment
Before December 31,2019
10%
3rd Installment
Before June 30,2020
10%
4th Installment
Before December 31,2020
10%
5th Installment
Before June 30,2021
10%
6th Installment
On completion
30%
For 3 Bedroom
Installment Milestone Payment
Reservation Deposit
Immediately
฿300,000
1st Installment
Down Payment
30%
2nd Installment
Before December 31,2019
10%
3rd Installment
Before June 30,2020
10%
4th Installment
Before December 31,2020
10%
5th Installment
Before June 30,2021
10%
6th Installment
On completion
30%

Frequently asked questions

The common area maintenance fee is ฿50 per square meter based on the size of indoor area of the property and is ฿1,325 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 Palm Bay 1 Pattaya the required payment for the sinking fund is ฿800 per square meter based on the size of the indoor area of the property.
Palm Bay 1 Pattaya offers a guaranteed rental return of 6% (based on the purchase price of the property) for a duration of 2 Years.
Read more here.
Pattaya Walking Street is the nearest Tourist Attraction from Palm Bay 1 Pattaya and it is 1.8 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 you have to follow these steps:

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

For 1 Bedroom
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Down Payment
30%
2nd Installment
Before December 31,2019
10%
3rd Installment
Before June 30,2020
10%
4th Installment
Before December 31,2020
10%
5th Installment
Before June 30,2021
10%
6th Installment
On completion
30%
For 2 Bedroom
Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
Down Payment
30%
2nd Installment
Before December 31,2019
10%
3rd Installment
Before June 30,2020
10%
4th Installment
Before December 31,2020
10%
5th Installment
Before June 30,2021
10%
6th Installment
On completion
30%
For 3 Bedroom
Installment Milestone Payment
Reservation Deposit
Immediately
฿300,000
1st Installment
Down Payment
30%
2nd Installment
Before December 31,2019
10%
3rd Installment
Before June 30,2020
10%
4th Installment
Before December 31,2020
10%
5th Installment
Before June 30,2021
10%
6th Installment
On completion
30%

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
The common area is full of value.
4 Karnjana L., Thailand, 2 years ago
I was looking for a condo in the Thappraya area. Accidentally, I came across the Palm Bay 1 Pattaya. It is a condo under construction in which I'd read through the information about the project, called to inquire, and went to visit the project sale gallery. The staff gave good advice. It made me feel like loving here. The decorations are modern and good, which looks very good. The room was beautiful, designed to be quite elegant. Furniture and decorations are nice and of good quality. I have aimed for a 1-bedroom because I am alone and the space size is suitable for me. Besides, this project also has a complete common area. It comprises an onsen, spa, steam room, sauna, and a beautiful view from the swimming pool. It is very worthwhile; so, I decided to reserve 1 room without changing my mind.

Pattaya

Nong Prue

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