The Peak Towers

4 (1 Review)

Nong Prue, Pattaya, Chon Buri

Unit ID: U27003
4% Rental Yield
฿4,799,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
43.06 SqM Size
Floors
3 Floor
Construction
Feb 2016 Completed

1 Bedroom Condo for sale at The Peak Towers

This property is a 43.06 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Peak Towers project in Nong Prue, Pattaya and was completed in Feb 2016. You can buy this condo for a base price of ฿4,799,000 (฿111,449/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 3
Bedroom 1
Size 43.06 SqM
Price per SqM ฿111,449
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, Company
Furniture
Unfurnished
View(s) Sea 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.
฿1,938/mo
Listed By
Developer
Date Listed May 26, 2017
Last Updated 1 month ago
Unit ID U27003

Price Analysis

Fair Price
Estimated market value ฿4,602,292
Great
฿4,180,000
Good
Fair
Above
฿5,190,000
Current asking Price: ฿4,799,000 | Rental estimate: ฿16,600/mo
This condo is ฿196,708 ABOVE MARKET (4%) 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

Sale Price
฿4,799,000
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.
฿1,938/mo
Est. Rent
฿16,600/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.
24
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 Peak Towers, and the current sales price.
4%

Project Details

Project Name: The Peak Towers
Developer: Heights Holdings
Construction: Completed (Feb 2016)
Floors: 30
Buildings: 2
Units: 474
Project Area: 4,000 SqM
Nearest Landmark Cozy Beach - 0.4 Km
Location: Nong Prue, Pattaya, Chon Buri
The Peak Towers Project Details

Project Features

On Site Restaurant On Site Restaurant
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
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area

Popular Facilities at The Peak Towers

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    2nd Floor
  • Communal Gym
    2nd Floor

Available Units at The Peak Towers

For Sale 21 For Rent 5
Favorite
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Available Units at The Peak Towers
฿101,613
Beds 1 Beds
Baths 1 Baths
Size 62 SqM Size
Floor 9 Floor
Foreign Quota Fully Furnished Sea View
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Available Units at The Peak Towers
฿92,283
Beds 2 Beds
Baths 1 Baths
Size 92 SqM Size
Floor 12 Floor
Thai Quota Fully Furnished Sea View
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Available Units at The Peak Towers
฿97,500
Beds 1 Beds
Baths 1 Baths
Size 44 SqM Size
Floor 15 Floor
Foreign Quota Unfurnished Partial Sea View
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Available Units at The Peak Towers
฿85,870
Good Price
Beds 2 Beds
Baths 2 Baths
Size 92 SqM Size
Floor 20 Floor
Thai Quota Partly Furnished Sea View
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Available Units at The Peak Towers
฿90,007
Beds 1 Beds
Baths 1 Baths
Size 42.73 SqM Size
Floor 3 Floor
Thai Quota Unfurnished Pool View
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Available Units at The Peak Towers
฿85,001
Good Price
Beds 2 Beds
Baths 2 Baths
Size 81.54 SqM Size
Floor 3 Floor
Thai Quota Unfurnished Sea View
Favorite
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Available Units at The Peak Towers
฿96,453
Beds 1 Beds
Baths 1 Baths
Size 43 SqM Size
Floor 26 Floor
Thai Quota Fully Furnished Sea View
Favorite
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Available Units at The Peak Towers
฿81,163
Good Price
Beds 1 Beds
Baths 1 Baths
Size 43 SqM Size
Floor 28 Floor
Thai Quota Fully Furnished Sea View
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Available Units at The Peak Towers
฿80,000
Beds Studio Beds
Baths 1 Baths
Size 30 SqM Size
Floor 11 Floor
Foreign Quota Built In Sea View
Favorite
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Available Units at The Peak Towers
฿79,667
Beds Studio Beds
Baths 1 Baths
Size 30 SqM Size
Floor 11 Floor
Foreign Quota Built In Sea View
Favorite
Compare
Available Units at The Peak Towers
฿83,146
Good Price
Beds 1 Beds
Baths 1 Baths
Size 44.50 SqM Size
Floor 26 Floor
Fully Furnished Sea View
Favorite
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Available Units at The Peak Towers
-
Beds 2 Beds
Baths 2 Baths
Size 92 SqM Size
Floor 22 Floor
Fully Furnished Sea View
Favorite
Compare
Available Units at The Peak Towers
฿75,806
Beds Studio Beds
Baths 1 Baths
Size 31 SqM Size
Floor 28 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at The Peak Towers
฿53,300
Beds Studio Beds
Baths 1 Baths
Size 30 SqM Size
Floor 8 Floor
Thai Quota City View
Favorite
Compare
Available Units at The Peak Towers
฿69,535
Great Price
Beds 1 Beds
Baths 1 Baths
Size 43 SqM Size
Floor 25 Floor
Thai Quota Unfurnished Sea View
Favorite
Compare
Available Units at The Peak Towers
-
Beds 1 Beds
Baths 1 Baths
Size 48 SqM Size
Floor 25 Floor
Fully Furnished Sea View
Favorite
Compare
Available Units at The Peak Towers
฿63,333
Beds Studio Beds
Baths 1 Baths
Size 30 SqM Size
Floor 12 Floor
Company Fully Furnished Partial Sea View
Favorite
Compare
Available Units at The Peak Towers
฿89,987
Beds Studio Beds
Baths 1 Baths
Size 30.06 SqM Size
Floor 25 Floor
Thai Quota Unfurnished Sea View
Favorite
Compare
Available Units at The Peak Towers
-
Beds 2 Beds
Baths 2 Baths
Size 90 SqM Size
Floor 9 Floor
Unfurnished Sea View
Favorite
Compare
Available Units at The Peak Towers
฿95,833
Beds 1 Beds
Baths 1 Baths
Size 48 SqM Size
Floor 21 Floor
Foreign Quota Fully Furnished Sea View
Favorite
Compare
Available Units at The Peak Towers
฿105,747
Beds 1 Beds
Baths 1 Baths
Size 43.50 SqM Size
Floor 20 Floor
Foreign Quota Fully Furnished Sea View
Favorite
Compare
Available Units at The Peak Towers
฿98,438
Great Price
Beds Studio Beds
Baths 1 Baths
Size 32 SqM Size
Floor 18 Floor
Thai Quota Fully Furnished Sea View
Favorite
Compare
Available Units at The Peak Towers
฿73,000
Beds 1 Beds
Baths 1 Baths
Size 30 SqM Size
Floor 12 Floor
Thai Quota Fully Furnished City View
Favorite
Compare
Available Units at The Peak Towers
฿92,283
Beds 2 Beds
Baths 2 Baths
Size 92 SqM Size
Floor 13 Floor
Thai Quota Fully Furnished Sea View
Get notified when new homes are being added to The Peak Towers

Loan Calculator

Payment Plan

For Thai/Company Ownership
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
15%
2nd Installment
1 months after contract signing
85%
1
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
2nd Installment
30 days after contract signing
70%

Frequently asked questions

No pets are allowed at The Peak Towers 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 ฿45 per square meter based on the size of indoor area of the property and is ฿1,938 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 Peak Towers the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Cozy Beach is the nearest Beach from The Peak Towers and it is 0.4 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 Peak Towers you have to follow these steps:

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

 


For Thai/Company Ownership
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
15%
2nd Installment
1 months after contract signing
85%
1
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
2nd Installment
30 days after contract signing
70%

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

Do you own a property at The Peak Towers?

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Reviews

4 out of 5 4
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Nice room with sea view and city view.
4 Aranya T., Thailand, 1 year ago
My room is in a 1-bedroom type with a balcony opening to a sea view. which helps me a lot to be relaxed. It helps me relieve stress very well after admiring the breathtaking scenery. I'm also impressed by the services offered. The staff takes good care of the residents, and the security system works well as there are security guards and a door lock, which makes me feel safe and secured when I leave the room for a business trip. The parking space is also sufficient, so I have never had a problem when coming back late at night. The common area is inviting, including a rooftop swimming pool for a sea view, a lobby for a resting area, which is quite private. The restaurant in the project offers a wide range of tasty food. Besides, the location is in a touristy area full of restaurants, bars, and JomTien Beach, just 10 minutes away. It's convenient to get around and to enjoy my vacation.

Pattaya

Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

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