1 Bedroom Condo for sale at Sugar Palm Residence

4.67 (1 Review)
Talat Nuea, Phuket Town,Phuket
Unit ID: U670038
5% Rental Yield
฿2,907,000
1 Bedroom
1 Bathroom
38.27 SqM Size
7 Floor
Apr 2014 Completed

About This Condo

This property is a 38.27 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Sugar Palm Residence project in Talat Nuea, Phuket and was completed in Apr 2014. You can buy this condo for a base price of ฿2,907,000 (฿75,960/SqM).

Features

Private GymPrivate Gym Private PoolPrivate Pool BalconyBalcony Full Western KitchenFull Western Kitchen MicrowaveMicrowave TVTV

Basic Information

Property Type Condo
Floor 7
Bedroom 1
Size 38.27 SqM
Price per SqM ฿75,960
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%.

Thai Quota
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 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.
฿1,225/mo
Listed By
Private Owner
Date Listed Mar 9, 2021
Last Updated 1 year ago
Unit ID U670038

Price Analysis

Above Average
Estimated market value ฿2,457,717
Great
฿1,750,000
Good
Fair
Above
฿2,750,000
Current asking Price: ฿2,907,000 | Rental estimate: ฿13,300/mo
This condo is ฿449,283 ABOVE MARKET (18%) 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.
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Investment Opportunity: Charges & Yield

Sale Price
฿2,907,000
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.
฿1,225/mo
Est. Rent
฿13,300/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.
18
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 Sugar Palm Residence, and the current sales price.
5%

Project Details

Project Name: Sugar Palm Residence
Developer: N/A
Construction: Completed (Apr 2014)
Floors: 11
Buildings: N/A
Units: 270
Project Area: N/A
Nearest Landmark Central Festival Phuket - 1.9 Km
Location: Talat Nuea, Phuket Town, Phuket
Sugar Palm Residence Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Available Units at Sugar Palm Residence

For Sale 2 For Rent 3
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Available Units at Sugar Palm Residence
฿75,960
Beds 1 Beds
Baths 1 Baths
Size 38.27 SqM Size
Floor 7 Floor
Thai Quota Fully Furnished City View
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Available Units at Sugar Palm Residence
-
Beds 1 Beds
Baths 1 Baths
Size 38 SqM Size
Floor 9 Floor
Thai Quota Garden View
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Available: Oct 1, 2023 Available Units at Sugar Palm Residence
-
Beds 2 Beds
Baths 2 Baths
Size 100 SqM Size
Floor 10 Floor
Fully Furnished River or Canal View
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Available Units at Sugar Palm Residence
฿62,242
Great Price
Beds 1 Beds
Baths 1 Baths
Size 38.80 SqM Size
Floor 11 Floor
Thai Quota Fully Furnished City View
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Available: Oct 1, 2023 Available Units at Sugar Palm Residence
-
Beds 2 Beds
Baths 2 Baths
Size 62 SqM Size
Floor - Floor
Thai Quota Garden View
Get notified when new homes are being added to Sugar Palm Residence

Loan Calculator

Frequently Asked Questions

No pets are allowed at Sugar Palm Residence 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 ฿32 per square meter based on the size of indoor area of the property and is ฿1,225 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.
Central Festival Phuket is the nearest Shopping Mall from Sugar Palm Residence and it is 1.9 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 at Sugar Palm Residence 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

4.7 out of 5 4.67
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
One of the most worthwhile accommodations ever.
4.7 James Simon, United Kingdom, 3 years ago
I just checked out from the project yesterday, so I would like to review the place here. It is considered an excellent accommodation in terms of location. Conveniently located in the center of the city, food is easy to find, and pleasant atmosphere. Close to Phuket Chaloem Phrakiat Park for relaxation and famous department stores such as Central Floresta, Central Festival Phuket, and Chaofa Variety Market, and many others. The project’s common area and bedrooms are clean. The infinity pool is beautiful, and inviting to swim in. As for the room, I chose to stay in a 1-bedroom unit, the room size is large, not cramped, and fully furnished. Shame that the sofa is way too small and uncomfortable. Overall, it is suitable for the rental price. It is considered to be one of the most worthwhile accommodations ever.
Phuket
Talat Nuea

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Sugar Palm Residence

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Talat Nuea, Phuket Town, Phuket
Number of units
884
Sales Prices
฿1.51M - ฿1.97M
▼ -36.7% underpriced
Monthly Rentals
฿5.56K
Year Built
Dec 2014
Completion Status
Completed
Project Name
Connext
Location
Talat Nuea, Phuket Town, Phuket
Number of units
361
Sales Prices
฿1.82M - ฿2.41M
▼ -16.7% underpriced
Monthly Rentals
N/A
Year Built
Nov 2015
Completion Status
Completed
Project Name
The Light
Location
Talat Nuea, Phuket Town, Phuket
Number of units
185
Sales Prices
฿1.74M - ฿9.49M
▲ 13.7% overpriced
Monthly Rentals
N/A
Year Built
Dec 2013
Completion Status
Completed
Location
Talat Nuea, Phuket Town, Phuket
Number of units
84
Sales Prices
฿4.56M
Monthly Rentals
N/A
Year Built
Mar 2008
Completion Status
Completed
Location
Talat Nuea, Phuket Town, Phuket
Number of units
1298
Sales Prices
฿2.93M
Monthly Rentals
N/A
Year Built
Nov 2006
Completion Status
Completed
Project Name
Eva Town
Location
Talat Nuea, Phuket Town, Phuket
Number of units
72
Sales Prices
฿4.43M
▼ -45% underpriced
Monthly Rentals
N/A
Year Built
Jun 2014
Completion Status
Completed
Location
Talat Nuea, Phuket Town, Phuket
Number of units
78
Sales Prices
฿2.28M
▼ -27% underpriced
Monthly Rentals
N/A
Year Built
Nov 2016
Completion Status
Completed
Location
Talat Nuea, Phuket Town, Phuket
Number of units
19
Sales Prices
฿3.33M - ฿11.1M
▲ 3.8% overpriced
Monthly Rentals
N/A
Year Built
Dec 2013
Completion Status
Completed
Project Name
Centrio
Location
Talat Nuea, Phuket Town, Phuket
Number of units
465
Sales Prices
฿1.82M - ฿5.8M
▼ -3.5% underpriced
Monthly Rentals
฿9.09K
Year Built
Aug 2015
Completion Status
Completed
Location
Talat Nuea, Phuket Town, Phuket
Number of units
504
Sales Prices
฿1.72M - ฿3.74M
▼ -33% underpriced
Monthly Rentals
฿6.06K - ฿6.57K
Year Built
Sep 2014
Completion Status
Completed
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