Fifth Element

4.67 (1 Review)

Choeng Thale, Thalang,Phuket

Unit ID: U1037194
฿19,560,200
Bedroom
3 Bedrooms
Bathroom
4 Bathrooms
Indoor Area
370 SqM Indoor Area
Stairs
2 Storeys
Construction
12 Months Made To Order

3 Bedroom Villa for sale at Fifth Element

This property is a 370 SqM villa with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the Fifth Element project in Choeng Thale, Phuket and will be built within 12 months of purchase. You can buy this villa for a base price of ฿19,560,200 (฿52,865/SqM).

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Property Type Villa
Storeys 2
Location Choeng Thale, Thalang, Phuket
Bedrooms 3
Nearest Landmark Bang Tao Beach -1.5 Km
Indoor Area 370 SqM
Price per SqM ฿52,865
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 361.70 SqM
Villa Ownership

Foreign nationals can own the building (villa) in their own name but not the land that it stands on.

Foreign Ownership, Thai Ownership, Company, Leasehold
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Thai Ownership, Company, Leasehold
Land Title Deed N/A
Construction Made To Order (12 Months)
Furniture
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Available for ฿1,590,575
View(s) Pool View, Garden View
Unit Type A2
Parking Spots 2
Pool Size 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.
฿3,532/mo
Listed By
Developer
Date Listed Oct 18, 2021
Last Updated 4 months ago
Unit ID U1037194

Investment Opportunity: Charges & Yield

Sale Price
฿19,560,200
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.
฿3,532/mo

Project Details

Project Name: Fifth Element
Developer: Art House Group
Construction: Made To Order (12 Months)
Units: 17
Project Area: 7,680 SqM
Nearest Landmark Bang Tao Beach - 1.5 Km
Location: Choeng Thale, Thalang, Phuket
Fifth Element Project Details

Project Features

24H Security 24H Security

Available Units at Fifth Element

Get notified when new homes are being added to Fifth Element

Loan Calculator

Payment Plan

Installment Milestone Payment
Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
35%
2nd Installment
Land plot preparation
5%
3rd Installment
Completion footing and foundation
10%
4th Installment
Completion of main structure
15%
5th Installment
Completion of window and partition
15%
6th Installment
Completion of floor tile and finishing
10%
7th Installment
Completion of villa and move in
5%
8th Installment
On handover
5%

Frequently asked questions

All kind of pets are allowed at Fifth Element including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee for properties at Fifth Element is a fixed amount of ฿3,532. This amount 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.
Bang Tao Beach is the nearest Beach from Fifth Element and it is 1.5 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years and most developers will offer 3 terms for a total of 90 years.

 

Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.

#1 - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual. 

#2 - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

#3 - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

 

Read more here

After you have found the right property at Fifth Element you have to follow these steps:

 

  • Unit selection and agreement of terms and conditions 

  • Reservation Agreement

  • Reservation Deposit 

  • Sales and Purchase Agreement

  • 1st Contract Payment 

  • Payment Installments

  • Snag List

  • Transfer

 


Installment Milestone Payment
Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
35%
2nd Installment
Land plot preparation
5%
3rd Installment
Completion footing and foundation
10%
4th Installment
Completion of main structure
15%
5th Installment
Completion of window and partition
15%
6th Installment
Completion of floor tile and finishing
10%
7th Installment
Completion of villa and move in
5%
8th Installment
On handover
5%

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

4.7 out of 5 4.67
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The villa is beautifully modern and unique.
4.7 Sonya W., United States, 7 months ago
The villa is beautifully modern and unique. It seems to be larger than 350 square meters, has 3 bedrooms and 4 bathrooms. Considering its size, I would call it a mansion. The villa is also decorated with built-in furniture. At the front, there is a swimming pool and a private garden suitable for living in a large family and very livable as the dream home of many people for sure. Unfortunately, the facilities are almost nothing except for the security system. Yet it is a good place to stay because the location is excellent, close to Laguna Phuket, Porto de Phuket and Villa Market. Everything is comfortable.

Phuket

Choeng Thale

Neighborhood Overview

Location and Neighborhood

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