Palmetto Condo

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Karon, Phuket Town,Phuket

Unit ID: U154465
10% GUAR. RETURN FOR 2 YEARS
฿4,000,000 ฿4,200,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
38 SqM Size
Floors
3 Floor
Construction
Jun 2020 Completed

1 Bedroom Condo for sale at Palmetto Condo

This property is a 38 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Palmetto Condo project in Karon, Phuket and was completed in Jun 2020. You can buy this condo for a base price of ฿4,000,000 (฿105,263/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 3
Bedroom 1
Size 38 SqM
Price per SqM ฿105,263
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%.

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) Sea View
Unit Type N/A
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.
฿2,280/mo
Listed By
Private Owner
Date Listed Feb 21, 2019
Last Updated 6 months ago
Unit ID U154465

Price Analysis

Great Price
Estimated market value ฿5,360,883
Great
฿5,300,000
Good
Fair
Above
฿5,510,000
Current asking Price: ฿4,000,000
This condo is ฿1,360,883 BELOW MARKET (-25%) 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
฿4,000,000
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.
฿2,280/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.
10
Guaranteed Rental Return
10%
Guarantee Duration
2 Years

Project Details

Project Name: Palmetto Condo
Construction: Completed (Jun 2020)
Floors: 6
Buildings: N/A
Units: 30
Project Area: N/A
Nearest Landmark Karon Beach - 0.8 Km
Location: Karon, Phuket Town, Phuket
Palmetto Condo Project Details

Project Features

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

Available Units at Palmetto Condo

Get notified when new homes are being added to Palmetto Condo

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
35%
2nd Installment
upon completion of foundation
15%
3rd Installment
opon completion of Concrete Structure Work.
15%
4th Installment
of upon completion of Finished Wall and Roof Top.
15%
5th Installment
On completion
10%
6th Installment
On handover
10%

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 ฿2,280 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 Palmetto Condo the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Palmetto Condo offers a guaranteed rental return of 10% (based on the purchase price of the property) for a duration of 2 Years.
Read more here.
Karon Beach is the nearest Beach from Palmetto Condo 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 Palmetto Condo 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
Upon contract signing
35%
2nd Installment
upon completion of foundation
15%
3rd Installment
opon completion of Concrete Structure Work.
15%
4th Installment
of upon completion of Finished Wall and Roof Top.
15%
5th Installment
On completion
10%
6th Installment
On handover
10%

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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Phuket

Karon

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Location and Neighborhood

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