The Orient Resort And Spa

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Nong Prue, Pattaya, Chon Buri

Unit ID: U1034604
6% Rental Yield
Sold
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
35.49 SqM Size
Floors
7 Floor
Construction
Jan 2019 Completed

1 Bedroom Condo for sale at The Orient Resort And Spa

This property is a 35.49 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Orient Resort And Spa project in Nong Prue, Pattaya and was completed in Jan 2019. You can buy this condo for a base price of ฿2,390,000 (฿67,343/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 7
Bedroom 1
Size 35.49 SqM
Price per SqM ฿67,343
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, Company
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) Pool 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.
฿1,739/mo
Listed By
Developer
Date Listed Sep 30, 2021
Last Updated 3 months ago
Unit ID U1034604

3D Walkthrough

Price Analysis

Above Average
Estimated market value ฿2,119,544
Great
฿1,920,000
Good
Fair
Above
฿2,160,000
Current asking Price: ฿2,390,000 | Rental estimate: ฿11,900/mo
This condo is ฿270,456 ABOVE MARKET (13%) in the Pattaya 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

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.
฿1,739/mo
Est. Rent
฿11,900/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.
17
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 The Orient Resort And Spa, and the current sales price.
6%

Project Details

Developer: Matrix
Construction: Completed (Jan 2019)
Floors: 8
Buildings: 4
Units: 526
Project Area: 9,600 SqM
Nearest Landmark Jomtien Beach South - 1.4 Km
Location: Nong Prue, Pattaya, Chon Buri
The Orient Resort And Spa Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Spa Spa
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at The Orient Resort And Spa

  • Communal Pool
    Ground Floor
  • Communal Gym
    1st Floor
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Get notified when new homes are being added to The Orient Resort And Spa

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿500,000
1st Installment
On handover
100%

Frequently asked questions

No pets are allowed at The Orient Resort And Spa 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 ฿49 per square meter based on the size of indoor area of the property and is ฿1,739 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 The Orient Resort And Spa the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Jomtien Beach South is the nearest Beach from The Orient Resort And Spa and it is 1.4 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 The Orient Resort And Spa 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
฿500,000
1st Installment
On handover
100%

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

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Price Rating : Great Price
Sale Price : ฿1299,999
Fazwaz Estimate : ฿179,999
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Sale Price : ฿159,999
Fazwaz Estimate : ฿149,999
Price Rating : Fair Price

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