Patong Tower

4.11 (6 Reviews)

Patong, Kathu,Phuket

Unit ID: U636612
11% Rental Yield
฿8,000,000
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
70 SqM Size
Floors
16 Floor
Construction
Dec 1995 Completed

2 Bedroom Condo for sale at Patong Tower

This property is a 70 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Patong Tower project in Patong, Phuket and was completed in Dec 1995. You can buy this condo for a base price of ฿8,000,000 (฿114,286/SqM).

Features

BalconyBalcony BathtubBathtub

Basic Information

Property Type Condo
Floor 16
Bedrooms 2
Size 70 SqM
Price per SqM ฿114,286
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) Mountain View, City View
Unit Type 2BR
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.
฿2,450/mo
Listed By
Private Owner
Date Listed Oct 20, 2020
Last Updated 11 months ago
Unit ID U636612

Price Analysis

Above Average
Estimated market value ฿6,810,544
Great
฿5,460,000
Good
Fair
Above
฿8,490,000
Current asking Price: ฿8,000,000 | Rental estimate: ฿72,700/mo
This condo is ฿1,189,456 ABOVE MARKET (17%) 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
฿8,000,000
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.
฿2,450/mo
Est. Rent
฿72,700/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.
9
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 2 bedroom condos at Patong Tower, and the current sales price.
11%

Project Details

Project Name: Patong Tower
Construction: Completed (Dec 1995)
Floors: 31
Buildings: 1
Units: 342
Project Area: 4,856 SqM
Nearest Landmark Patong Beach
Location: Patong, Kathu, Phuket
Patong Tower Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Patong Tower

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

Available Units at Patong Tower

For Sale 2 For Rent 8
Get notified when new homes are being added to Patong Tower

Loan Calculator

Frequently asked questions

No pets are allowed at Patong Tower 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 ฿35 per square meter based on the size of indoor area of the property and is ฿2,450 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.
Patong Beach is the nearest Beach from Patong Tower and it is 0 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 Patong Tower 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

4.1 out of 5 4.11
Based on
6 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
An old condo with a very nice view
4 Eden Labrecque, Canada, 2 years ago
It is an old condo built a long time ago. It is the highest condominium in Patong. Thus, you can see a clear Patong beach view and the surrounding area. The room interior looks old, but it still works normally. The housekeeping service is provided every day. So our room is always in great care. The exterior looks old but clean and secured. The project is very ok in terms of location, and just a few minutes walk, reaching Patong Beach. However, we rarely use cars while staying here because the condo area is full of restaurants, shopping centers, pubs, and bars. It is such a memorable place, and I would like to come back to relax many times in the future.
Great condo near Patong Beach
4.3 James Wong, China, 2 years ago
I intended to relax with my friends at Patong Beach, and I tried to find many accommodations around the area. I'm glad that I found this place. I'm not disappointed. Overall, it is considered very okay. I was on the 25th floor, staying in a two-bedroom unit with an excellent view. The room is quite spacious and fully-furnished, which includes a refrigerator, TV, washing machine. The building's condition is a bit old, but very well maintained inside, making it always look new and clean. It is not far from Patong Beach and Bangla Road. There are also many restaurants for Thai and international food. I can say that staying in Patong is not bored. Within the project, there are both a gym and a swimming pool. Sometimes, when I didn't want to go out, I liked to spend time there. I came in the low season, so there weren't many people. The price is reasonable. I highly recommended anyone looking for accommodation in Patong Beach.
Sea view condos
4 Adrian Bravo, France, 2 years ago
It is a high-rise condo in Patong's prime location amid the lively attractions in Patong as Bangla Road, Phuket's famous streets. I rented a 1 bedroom condo, consisting of a small kitchen with an electric stove and various kitchen utensils, suitable for cooking small meals with a beautiful view. The room faces the sea view, which is a very impressive scenery. In my opinion, Patong Tower is a more convenient place to stay in Patong than it can be. Besides, traveling is convenient as well, and able to travel on many routes.
Old condo, offering a nice view in the heart of Patong Beach
3.5 James Wong, China, 2 years ago
I have lived in Thailand for 5 years and moved to many places. When I found it, it is considered the best answer as I work in Patong and getting to work is also convenient. It takes only 10 minutes to ride a motorbike. The first time I moved in, it was fully furnished. My room is on the 15th floor, offering a beautiful sea view. It's worth the price paid. Besides, the project facilities are complete. But there was a time when the door was broken, and I called the staff to repair it. The project team was immediately implemented then. I'm impressed. After that, there is rarely a problem with the damaged items again !!
Very convenient place
3.8 Kirati Lamarche, India, 2 years ago
From the place, you can see the beautiful sea view of Patong Bay. The condo is clean, safe, and cheap, located in the best location in Patong Beach, just 200 meters away from the beach. It's close to amenities such as Banana Walk and Bangla Road, an ideal area for party lovers. The neighborhood is a bit noisy here, not suitable for people loving peace. Most of the residents here are foreigners.
It was a pleasant time to stay here.
5 James G., United States, 4 years ago
It was a pleasant time to stay even though it was only 2 weeks. Everything was excellent, from the service-minded staff to a clean pool. The room that I stayed in has 1 bedroom and 1 bathroom. The room is spacious and clean. Every piece of furniture is in good condition. The view from the balcony is the sea view of Patong Beach. In the evening, you can enjoy the stunning sunset. How beautiful! Besides, the project's location is also close to Patong Beach and Soi Bangla, only 200 meters. There are many convenience stores and fine restaurants. This is the best place to stay in Patong, even though it's a little old.

Phuket

Patong

Neighborhood Overview

Location and Neighborhood

Street View

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