Palmyrah

4.25 (2 Reviews)

Choeng Thale, Thalang,Phuket

Unit ID: U14233
5% Rental Yield
฿3,500,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
35.25 SqM Size
Floors
2 Floor
Construction
Aug 2018 Completed

1 Bedroom Condo for sale at Palmyrah

This property is a 35.25 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Palmyrah project in Choeng Thale, Phuket and was completed in Aug 2018. You can buy this condo for a base price of ฿3,500,000 (฿99,291/SqM).

Basic Information

Property Type Condo
Floor 2
Bedroom 1
Size 35.25 SqM
Price per SqM ฿99,291
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) Garden 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.
฿2,115/mo
Listed By
Private Owner
Date Listed Nov 3, 2016
Last Updated 9 months ago
Unit ID U14233

Price Analysis

Great Price
Estimated market value ฿4,049,417
Great
฿3,980,000
Good
Fair
Above
฿4,310,000
Current asking Price: ฿3,500,000 | Rental estimate: ฿13,700/mo
This condo is ฿549,417 BELOW MARKET (-14%) 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
฿3,500,000
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.
฿2,115/mo
Est. Rent
฿13,700/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.
21
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 Palmyrah, and the current sales price.
5%

Project Details

Project Name: Palmyrah
Developer: Ocean Group Asia
Construction: Completed (Aug 2018)
Floors: 7
Buildings: 4
Units: 164
Project Area: 4,337 SqM
Nearest Landmark Surin Beach - 0.5 Km
Location: Choeng Thale, Thalang, Phuket
Palmyrah Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Spa Spa
Direct Beach Access Direct Beach Access
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Palmyrah

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Pool
    Rooftop
  • Communal Gym
    Rooftop

Available Units at Palmyrah

For Sale 4 For Rent 1

Loan Calculator

Frequently asked questions

No pets are allowed at Palmyrah 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 ฿2,115 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 Palmyrah the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Surin Beach is the nearest Beach from Palmyrah and it is 0.5 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 Palmyrah you have to follow these steps:

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

 


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

4.3 out of 5 4.25
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Good place.
4 Elena T., New Zealand, 11 months ago
My husband and I stayed here for five nights. The room we stayed in was a good size, one bedroom. The furniture is new and in good condition but the Wifi doesn't work at all. What I like is there is a housekeeper who cleans the room every day. Also, the reception staff was helpful in everything. There are two communal swimming pools and a children's pool. Overall, it's good to stay here. Good atmosphere, and beautiful hotel! Most importantly, it's very close to Surin Beach; you can walk in less than 10 minutes.
This is a perfect place at an affordable price
4.5 Lucas Pedersen, Denmark, 2 years ago
This is a perfect place at an affordable price. The room I bought is 1 bedroom with 1 bathroom. It isn't spacious, but the room plan is tidy and functional. The decoration is quite simple. You can use the project's facilities, which are as exclusive as the hotel standard, such as a swimming pool, a gym, a bar, and a restaurant. Super convenient! I also love the location, just 10 minutes to a tranquil Surin Beach, a perfect getaway for those who seek a peaceful vacation.

Phuket

Choeng Thale

Neighborhood Overview

Location and Neighborhood

Street View

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