Absolute Twin Sands III

4.33 (1 Review)

Patong, Kathu,Phuket

Unit ID: U282943
7% GUAR. RETURN FOR 3 YEARS
฿18,000,000 Great Price
Bedroom
2 Bedrooms
Bathroom
3 Bathrooms
Indoor Area
136.94 SqM Size
Floors
5 Floor
Construction
Dec 2017 Completed

2 Bedroom Penthouse for sale at Absolute Twin Sands III

This property is a 136.94 SqM penthouse with 2 bedrooms and 3 bathrooms that is available for sale. It is part of the Absolute Twin Sands III project in Patong, Phuket and was completed in Dec 2017. You can buy this penthouse for a base price of ฿18,000,000 (฿131,444/SqM).

Almost New Penthouse Condo With Warranty and Whole Roof Top!

This penthouse condo faces west for awesome sunsets in the sea. It is a 5 minute walk to Merlin Beach and a 15 minute walk to some awesome 5* restaurants. There is two nice restaurants on the property too. There is a hourly free shuttle to Patong's 2 malls for shopping or fun on Bangla Street. The rooftop gives great 360 degree views of wild life in the jungle on a mountain ( With binoculars or a drone!). and the stars at night that jump out at you. You can hear elephants call to each other in the mornings and evenings. Sometimes we see a whale pod feeding at dusk. During New Years the fireworks from the Marriott are so close you can feel the heat. We love watching the cruise ships come and go. The roof top also has a man cave and private access to an elevator from the roof. We also have a private stair well to our swimming pool.

Features

BeachfrontBeachfront Beach AccessBeach Access OceanfrontOceanfront Ocean AccessOcean Access Private LiftPrivate Lift Private PoolPrivate Pool Rooftop TerraceRooftop Terrace DuplexDuplex BalconyBalcony Full Western KitchenFull Western Kitchen BathtubBathtub

Basic Information

Property Type Penthouse
Floor 5
Bedrooms 2
Size 136.94 SqM
Price per SqM ฿131,444
Penthouse 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
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Sea View, Mountain View, Partial Sea View, Pool View, Garden View, Unblocked Open 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.
฿10,955/mo
Listed By
Private Owner
Date Listed Jan 29, 2020
Last Updated 9 months ago
Unit ID U282943

Price Analysis

Good Price
Estimated market value ฿18,777,245
Great
฿9,480,000
Good
Fair
Above
฿18,800,000
Current asking Price: ฿18,000,000
This penthouse is ฿777,245 BELOW MARKET (-4%) in the Phuket area. It is analyzed against similar penthouses 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
฿18,000,000
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.
฿10,955/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.
15
Guaranteed Rental Return
7%
Guarantee Duration
3 Years

Project Details

Project Name: Absolute Twin Sands III
Construction: Completed (Dec 2017)
Floors: 5
Buildings: N/A
Units: 86
Project Area: N/A
Nearest Landmark Bangla Road - 2.7 Km
Location: Patong, Kathu, Phuket
Absolute Twin Sands III Project Details

Project Features

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
Spa Spa
Steam Room Steam Room
Sauna Sauna

Available Units at Absolute Twin Sands III

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Frequently asked questions

The common area maintenance fee is ฿80 per square meter based on the size of indoor area of the property and is ฿10,955 for this penthouse. 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 Absolute Twin Sands III the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Absolute Twin Sands III offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Bangla Road is the nearest Tourist Attraction from Absolute Twin Sands III and it is 2.7 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 Absolute Twin Sands III 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

4.3 out of 5 4.33
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Excellent service and friendly staff
4.3 Chase Cass, Australia, 2 years ago
It is a good vacation for the 14 days that I have stayed with Absolute Twin Sands III. It is a perfect service accommodation. The friendly staff pays attention to every detail, and they warmly welcomed me, giving a sense of the service-minded. The project's location is calm, private, and not chaotic, situated amid nature on the hill with a beautiful view. It allows me to relax fully. Besides, I have visited a wonderful beach like Freedom Beach, which is not far from the condo. I have sunbathed, swimming in the sea, and admire the serene blue sea nature. I am very impressed! The project offers many special services, whether it is a spa, yoga, a wellness program, which is very good. There is also a shuttle service to Phuket Town. It is all-in-one. I would recommend it. If anyone is looking for luxury accommodation with a special service here, Absolute Twin Sands will be the perfect and excellent place then.

Phuket

Patong

Neighborhood Overview

Location and Neighborhood

Street View

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