Phuket Encore The Residence

2.96 (2 Reviews)

Karon, Phuket Town,Phuket

Unit ID: U68423
฿7,507,800
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
53.40 SqM Size
Floors
7 Floor
Construction
Nov 2020 Completed

About This Condo

This property is a 53.40 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Phuket Encore The Residence project in Karon, Phuket and was completed in Nov 2020. You can buy this condo for a base price of ฿7,507,800 (฿140,596/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 7
Bedrooms 2
Size 53.40 SqM
Price per SqM ฿140,596
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, Leasehold, Company
Furniture
Unfurnished
View(s) Mountain View
Unit Type 2 BR
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.
฿3,204/mo
Listed By
Developer
Date Listed Mar 19, 2018
Last Updated 2 years ago
Unit ID U68423

Price Analysis

Fair Price
Estimated market value ฿7,373,038
Great
฿7,370,000
Good
Fair
Above
฿7,960,000
Current asking Price: ฿7,507,800
This condo is ฿134,762 ABOVE 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.
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Investment Opportunity: Charges & Yield

Sale Price
฿7,507,800
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.
฿3,204/mo

Project Details

Construction: Completed (Nov 2020)
Floors: 8
Buildings: N/A
Units: 306
Project Area: N/A
Nearest Landmark Karon Beach - 0.8 Km
Location: Karon, Phuket Town, Phuket
Phuket Encore The Residence Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Spa Spa

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Get notified when new homes are being added to Phuket Encore The Residence

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
Upon contract signing
35%
2nd Installment
Land preparation& foundations work
15%
3rd Installment
Structural process
20%
4th Installment
Lock-up stage
20%
5th Installment
On handover
10%

Frequently Asked Questions

The common area maintenance fee is ฿60 per square meter based on the size of indoor area of the property and is ฿3,204 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 Phuket Encore The Residence the required payment for the sinking fund is ฿700 per square meter based on the size of the indoor area of the property.
Karon Beach is the nearest Beach from Phuket Encore The Residence and it is 0.8 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 Phuket Encore The Residence 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
฿200,000
1st Installment
Upon contract signing
35%
2nd Installment
Land preparation& foundations work
15%
3rd Installment
Structural process
20%
4th Installment
Lock-up stage
20%
5th Installment
On handover
10%

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 Phuket Encore The Residence?

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Reviews

3 out of 5 2.96
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
This project is beautifully designed.
5 Sudarat Wilailuck, Thailand, 4 months ago
This project is beautifully designed, located on Karon hill, overlooking the beautiful sea, mountain, and sunset views. I love 1 bedroom unit from first sight since it is fully furnished with a great guaranteed value. The project facilities are also complete, including the swimming pool, gym, spa, restaurant, kids playground, etc. This project, in general, is ideal for investors and those who love convenience, as well as tourists. Its location is close to Karon Beach, which is only 5 minutes and not far from Patong Beach.
It never got built take it off your site
0.9 Verified Current Resident, 1 year ago
It never got built as the developer never built the properties ......................... take it off your site
Phuket
Karon

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Projects Nearby Phuket Encore The 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
Karon, Phuket Town, Phuket
Number of units
98
Sales Prices
฿5.1M - ฿6.85M
▼ -17.8% underpriced
Monthly Rentals
฿46K
Year Built
Jul 2014
Completion Status
Completed
Location
Karon, Phuket Town, Phuket
Number of units
156
Sales Prices
฿2.8M - ฿9.5M
Monthly Rentals
N/A
Year Built
Jul 2013
Completion Status
Completed
Project Name
Palmetto Condo
Location
Karon, Phuket Town, Phuket
Number of units
30
Sales Prices
฿4M - ฿7.17M
▼ -4.7% underpriced
Monthly Rentals
N/A
Year Built
Jun 2020
Completion Status
Completed
Location
Karon, Phuket Town, Phuket
Number of units
61
Sales Prices
฿2.25M - ฿26.6M
▲ 8.3% overpriced
Monthly Rentals
N/A
Year Built
Jun 2013
Completion Status
Completed
Location
Karon, Phuket Town, Phuket
Number of units
77
Sales Prices
฿3.32M - ฿3.85M
▲ 8.9% overpriced
Monthly Rentals
N/A
Year Built
Dec 2022
Completion Status
Off Plan
Project Name
Utopia Karon
Location
Karon, Phuket Town, Phuket
Number of units
238
Sales Prices
฿4.6M - ฿6.6M
▲ 7.8% overpriced
Monthly Rentals
N/A
Year Built
Jun 2021
Completion Status
Completed
Project Name
Karon Butterfly
Location
Karon, Phuket Town, Phuket
Number of units
166
Sales Prices
฿3.8M - ฿13.5M
▼ -18.3% underpriced
Monthly Rentals
N/A
Year Built
Dec 2013
Completion Status
Completed
Location
Karon, Phuket Town, Phuket
Number of units
50
Sales Prices
฿6.4M - ฿42M
▼ -25% underpriced
Monthly Rentals
฿22K - ฿40K
Year Built
May 2009
Completion Status
Completed
Project Name
Sea And Sky
Location
Karon, Phuket Town, Phuket
Number of units
53
Sales Prices
฿3.1M - ฿7.5M
▼ -13.3% underpriced
Monthly Rentals
N/A
Year Built
Mar 2015
Completion Status
Completed
Project Name
VIP Karon
Location
Karon, Phuket Town, Phuket
Number of units
122
Sales Prices
฿3.31M - ฿10.3M
▲ 1.5% overpriced
Monthly Rentals
N/A
Year Built
Jun 2022
Completion Status
Completed
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