Patong Bay Residence 3

4.44 (3 Reviews)

Patong, Kathu,Phuket

Unit ID: U77771
7% GUAR. RETURN FOR 15 YEARS
฿2,998,800 ฿3,332,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
34 SqM Size
Floors
4 Floor
Construction
Nov 2023 Off Plan

1 Bedroom Condo for sale at Patong Bay Residence 3

This property is a 34 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Patong Bay Residence 3 project in Patong, Phuket and it is scheduled for completion in Nov 2023. You can buy this condo for a base price of ฿2,998,800 (฿88,200/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 4
Bedroom 1
Size 34 SqM
Price per SqM ฿88,200
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) City 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.
N/A
Listed By
Developer
Date Listed Jun 20, 2018
Last Updated 1 year ago
Unit ID U77771

Price Analysis

Good Price
Estimated market value ฿3,062,910
Great
฿2,840,000
Good
Fair
Above
฿3,450,000
Current asking Price: ฿2,998,800
This condo is ฿64,110 BELOW MARKET (-2%) 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
฿2,998,800
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
15 Years

Project Details

Project Name: Patong Bay Residence 3
Construction: Off Plan (Nov 2023)
Floors: 8
Buildings: N/A
Units: 114
Project Area: N/A
Nearest Landmark Patong Beach - 0.9 Km
Location: Patong, Kathu, Phuket
Patong Bay Residence 3 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at Patong Bay Residence 3

Get notified when new homes are being added to Patong Bay Residence 3

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿210,000
1st Installment
Upon contract signing
40%
2nd Installment
Upon infrastructure completion
20%
3rd Installment
Upon foundation completion
20%
4th Installment
% construction completion
10%
5th Installment
On handover
10%

Frequently asked questions

Patong Bay Residence 3 offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 15 Years.
Read more here.
Patong Beach is the nearest Beach from Patong Bay Residence 3 and it is 0.9 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

Installment Milestone Payment
Reservation Deposit
Immediately
฿210,000
1st Installment
Upon contract signing
40%
2nd Installment
Upon infrastructure completion
20%
3rd Installment
Upon foundation completion
20%
4th Installment
% construction completion
10%
5th Installment
On handover
10%

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

4.4 out of 5 4.44
Based on
3 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Excellent!!!
5 Liza R., United States, 7 months ago
I just reserved a room for this project last month at a low price as it's an off-plan project with convincing promotions provided. There is a guarantee of 7% for 15 years as well. More importantly, I do not have to pay for the fund, water, and maintenance fees. Excellent!!! The project has all the facilities. My favorite spot is the rooftop pool, opening to a full view of Patong Beach. The room I reserved is a 1 bedroom unit, comes in a decent size, and not crowded. It is decorated with attractive modern furniture. It takes less than 2 kilometers from Patong Beach.
This condo is suitable for both investment and relaxation !!
4.3 Dave Peper, France, 1 year ago
I've been reading through investments for this project and went to see the affiliate project here. I think it is an okay project and the best location. It is just about 1 kilometer from the beachfront of Patong Beach, which you can walk or take a shuttle bus from the project. In addition, this neighborhood has many restaurants, and most of them are western restaurants. It is convenient for foreigners. There is also available in the hotel part as well with helpful and friendly staff who always help. The surrounding area is clean and safe. I think many investors will book this project, and it will be completed in about 2 years !! This condo is suitable for both investment and relaxation !!
New projects, good locations, worth investing in
4 Ellie Rooker, United States, 1 year ago
It is a new interesting project and worth investing in because the location is good, situated near Patong Beach. I am interested in this project and have already reserved a room for 1 unit to receive future rental returns. In addition, I was able to stay free for up to 4 weeks a year without having to pay extra. I think it would be okay and not waste investing and also get returns.

Phuket

Patong

Neighborhood Overview

Location and Neighborhood

Street View

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