Palmetto Park Condominium

5 (1 Review)

Karon, Phuket Town,Phuket

Unit ID: U1041666
7% GUAR. RETURN FOR 3 YEARS
฿3,851,760
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
31.88 SqM Size
Floors
6 Floor
Construction
Dec 2022 Off Plan

1 Bedroom Condo for sale at Palmetto Park Condominium

This property is a 31.88 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Palmetto Park Condominium project in Karon, Phuket and it is scheduled for completion in Dec 2022. You can buy this condo for a base price of ฿3,851,760 (฿120,821/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 6
Bedroom 1
Size 31.88 SqM
Price per SqM ฿120,821
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
Available for ฿220,000
View(s) Mountain 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.
฿1,913/mo
Listed By
Developer
Date Listed Nov 12, 2021
Last Updated 4 months ago
Unit ID U1041666

3D Walkthrough

Price Analysis

Above Average
Estimated market value ฿3,454,132
Great
฿3,360,000
Good
Fair
Above
฿3,760,000
Current asking Price: ฿3,851,760
This condo is ฿397,628 ABOVE MARKET (12%) 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
฿3,851,760
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.
฿1,913/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

Developer: Art House Group
Construction: Off Plan (Dec 2022)
Floors: 7
Buildings: 1
Units: 77
Project Area: 1,120 SqM
Nearest Landmark Karon Beach - 0.8 Km
Location: Karon, Phuket Town, Phuket
Palmetto Park Condominium Project Details

Project Features

Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Library / Reading Room Library / Reading Room
Lounge Lounge
Communal Garden Area Communal Garden Area

Popular Facilities at Palmetto Park Condominium

  • Communal Pool
    Rooftop
  • Library / Reading Room
    Ground Floor

Available Units at Palmetto Park Condominium

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Available Units at Palmetto Park Condominium
฿120,981
Beds 1 Beds
Baths 1 Baths
Size 31.61 SqM Size
Floor 6 Floor
Foreign Quota Unfurnished Mountain View
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Available Units at Palmetto Park Condominium
฿108,981
Good Price
Beds 1 Beds
Baths 1 Baths
Size 31.61 SqM Size
Floor 2 Floor
Foreign Quota Unfurnished Mountain View
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Available Units at Palmetto Park Condominium
฿111,821
Beds 1 Beds
Baths 1 Baths
Size 31.88 SqM Size
Floor 3 Floor
Foreign Quota Unfurnished Mountain View
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Available Units at Palmetto Park Condominium
฿111,981
Beds 1 Beds
Baths 1 Baths
Size 31.61 SqM Size
Floor 3 Floor
Foreign Quota Unfurnished Mountain View
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Available Units at Palmetto Park Condominium
฿117,981
Beds 1 Beds
Baths 1 Baths
Size 31.61 SqM Size
Floor 5 Floor
Foreign Quota Unfurnished Mountain View
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Available Units at Palmetto Park Condominium
฿112,868
Beds 1 Beds
Baths 1 Baths
Size 30.20 SqM Size
Floor 3 Floor
Foreign Quota Unfurnished Mountain View
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Available Units at Palmetto Park Condominium
฿121,120
Beds 1 Beds
Baths 1 Baths
Size 31.38 SqM Size
Floor 6 Floor
Foreign Quota Unfurnished Mountain View
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Available Units at Palmetto Park Condominium
฿117,868
Beds 1 Beds
Baths 1 Baths
Size 31.80 SqM Size
Floor 5 Floor
Foreign Quota Unfurnished Mountain View
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Compare
Available Units at Palmetto Park Condominium
฿120,821
Beds 1 Beds
Baths 1 Baths
Size 31.88 SqM Size
Floor 6 Floor
Foreign Quota Unfurnished Mountain View
Favorite
Compare
Available Units at Palmetto Park Condominium
฿118,455
Beds 1 Beds
Baths 1 Baths
Size 30.84 SqM Size
Floor 5 Floor
Foreign Quota Unfurnished Mountain View
Favorite
Compare
Available Units at Palmetto Park Condominium
฿109,120
Good Price
Beds 1 Beds
Baths 1 Baths
Size 31.38 SqM Size
Floor 2 Floor
Foreign Quota Unfurnished Mountain View
Favorite
Compare
Available Units at Palmetto Park Condominium
฿108,821
Beds 1 Beds
Baths 1 Baths
Size 31.88 SqM Size
Floor 2 Floor
Foreign Quota Unfurnished Mountain View
Favorite
Compare
Available Units at Palmetto Park Condominium
฿109,601
Beds 1 Beds
Baths 1 Baths
Size 30.61 SqM Size
Floor 3 Floor
Foreign Quota Unfurnished Mountain View
Favorite
Compare
Available Units at Palmetto Park Condominium
฿117,981
Beds 1 Beds
Baths 1 Baths
Size 31.61 SqM Size
Floor 5 Floor
Foreign Quota Unfurnished Mountain View
Favorite
Compare
Available Units at Palmetto Park Condominium
฿117,821
Beds 1 Beds
Baths 1 Baths
Size 31.88 SqM Size
Floor 5 Floor
Foreign Quota Unfurnished Mountain View
Favorite
Compare
Available Units at Palmetto Park Condominium
฿108,981
Good Price
Beds 1 Beds
Baths 1 Baths
Size 31.61 SqM Size
Floor 2 Floor
Foreign Quota Unfurnished Mountain View
Favorite
Compare
Available Units at Palmetto Park Condominium
฿109,868
Beds 1 Beds
Baths 1 Baths
Size 30.20 SqM Size
Floor 2 Floor
Foreign Quota Unfurnished Mountain View
Favorite
Compare
Available Units at Palmetto Park Condominium
฿118,601
Beds 1 Beds
Baths 1 Baths
Size 30.61 SqM Size
Floor 5 Floor
Foreign Quota Unfurnished Mountain View
Favorite
Compare
Available Units at Palmetto Park Condominium
฿120,981
Beds 1 Beds
Baths 1 Baths
Size 31.61 SqM Size
Floor 6 Floor
Foreign Quota Unfurnished Mountain View
Get notified when new homes are being added to Palmetto Park Condominium

Loan Calculator

Payment Plan

Option I
Installment Milestone Payment
Reservation Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
35%
2nd Installment
Land Preparation
15%
3rd Installment
Construction Start
10%
4th Installment
Foundation Completion
10%
5th Installment
Structural Completion
10%
6th Installment
Door & Windows of unit
10%
7th Installment
On handover
10%
Option II (5% discount)
Installment Milestone Payment
Reservation Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
50%
2nd Installment
Construction Start
10%
3rd Installment
Foundation Completion
10%
4th Installment
Structural Completion
10%
5th Installment
Door & Windows of unit
10%
6th Installment
On handover
10%
Option III (5% cash back per year until Completion or 7% Cash discount)
Installment Milestone Payment
Reservation Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
100%

Frequently asked questions

No pets are allowed at Palmetto Park Condominium 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 ฿60 per square meter based on the size of indoor area of the property and is ฿1,913 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 Park Condominium the required payment for the sinking fund is ฿800 per square meter based on the size of the indoor area of the property.
Palmetto Park Condominium offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Karon Beach is the nearest Beach from Palmetto Park Condominium 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 you have to follow these steps:

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

Option I
Installment Milestone Payment
Reservation Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
35%
2nd Installment
Land Preparation
15%
3rd Installment
Construction Start
10%
4th Installment
Foundation Completion
10%
5th Installment
Structural Completion
10%
6th Installment
Door & Windows of unit
10%
7th Installment
On handover
10%
Option II (5% discount)
Installment Milestone Payment
Reservation Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
50%
2nd Installment
Construction Start
10%
3rd Installment
Foundation Completion
10%
4th Installment
Structural Completion
10%
5th Installment
Door & Windows of unit
10%
6th Installment
On handover
10%
Option III (5% cash back per year until Completion or 7% Cash discount)
Installment Milestone Payment
Reservation Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
100%

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

5 out of 5 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
It is an interesting project.
5 Lisa W., United Kingdom, 2 months ago
It is an interesting project since it's close to Karon Beach, with only 10 minutes in walking distance. The surrounding area is serene, surrounded by lush green mountains, providing a pleasant atmosphere. Many restaurants and shops are nearby, as well as being close to Kata Beach and Patong Beach. Interestingly, there are only 70 units, ranging from 1 to 2 bedrooms. 1 bedroom units are variously offered, ideal for staying 1-2 people, designed in modern and tastefully decorated. The facilities include the lounge, garden area, swimming pool, gym, etc. The selling price is also affordable, giving the best-guaranteed returns, which is perfect for investment. Well, it's a new project in an excellent location.

Phuket

Karon

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby Palmetto Park Condominium

Location
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Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
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Year Built
Completion Status
Project Name
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Location
Phuket Town, Phuket, Thailand
Number of units
30
Sales Prices
฿3.99M - ฿7.16M
▼ -4.7% underpriced
Monthly Rentals
N/A
Year Built
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Completion Status
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Project Name
Utopia Karon
Location
Phuket Town, Phuket, Thailand
Number of units
238
Sales Prices
฿4.59M - ฿6.59M
▲ 7.8% overpriced
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
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Phuket Town, Phuket, Thailand
Number of units
61
Sales Prices
฿2.25M - ฿26.6M
▲ 8.3% overpriced
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Completed
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Phuket Town, Phuket, Thailand
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Monthly Rentals
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Completed
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Number of units
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▼ -18.3% underpriced
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Number of units
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Sales Prices
฿9.88M - ฿41.9M
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Monthly Rentals
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Number of units
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Monthly Rentals
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Number of units
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Sales Prices
฿3.83M - ฿21.1M
▲ 2.7% overpriced
Monthly Rentals
N/A
Year Built
Nov 2020
Completion Status
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Project Name
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Number of units
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Sales Prices
฿3.1M - ฿7.49M
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Number of units
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Sales Prices
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Monthly Rentals
N/A
Year Built
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Completion Status
Completed
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