Mono Loft Villas Palai

5 (1 Review)

Chalong, Phuket Town,Phuket

Unit ID: U1049818
8% Rental Yield
฿7,100,000 Great Price
Bedroom
3 Bedrooms
Bathroom
4 Bathrooms
Indoor Area
208.25 SqM Indoor Area
Stairs
1 Storeys
Construction
Dec 2019 Completed

3 Bedroom Villa for sale at Mono Loft Villas Palai

This property is a 208.25 SqM villa with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the Mono Loft Villas Palai project in Chalong, Phuket and was completed in Dec 2019. You can buy this villa for a base price of ฿7,100,000 (฿34,094/SqM).

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking

Basic Information

Property Type Villa
Storeys 1
Location Chalong, Phuket Town, Phuket
Bedrooms 3
Nearest Landmark Ao Yon Beach -4.4 Km
Indoor Area 208.25 SqM
Price per SqM ฿34,094
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 184 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 Completed (Dec 2019)
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.
Built In
View(s) Pool View, Garden View
Unit Type N/A
Parking Spots 2
Pool Size 3m x 8m
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.
฿699,200/mo
Listed By
Developer
Date Listed Dec 23, 2021
Last Updated 3 weeks ago
Unit ID U1049818

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿7,961,973
Great
฿7,260,000
Good
Fair
Above
฿10,800,000
Current asking Price: ฿7,100,000 | Rental estimate: ฿48,700/mo
This villa is ฿861,973 BELOW MARKET (-11%) in the Phuket area. It is analyzed against similar villas 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
฿7,100,000
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.
฿699,200/mo
Est. Rent
฿48,700/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.
12
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 3 bedroom villas at Mono Loft Villas Palai, and the current sales price.
8%

Project Details

Project Name: Mono Loft Villas Palai
Construction: Completed (Dec 2019)
Units: 68
Project Area: 1,494 SqM
Nearest Landmark Ao Yon Beach - 4.4 Km
Location: Chalong, Phuket Town, Phuket
Mono Loft Villas Palai Project Details

Project Features

Hotel Managed Hotel Managed
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)

Available Units at Mono Loft Villas Palai

For Sale 2 For Rent 3
Get notified when new homes are being added to Mono Loft Villas Palai

Loan Calculator

Payment Plan

Untitle
Installment Milestone Payment
1st Installment
Immediately
2%
2nd Installment
Upon contract signing
48%
3rd Installment
0 months after contract signing
50%

Frequently asked questions

Dogs, cats and small pets like rabbits, hamsters and guinea pigs are allowed at Mono Loft Villas Palai.
The common area maintenance fee is ฿3,800 per square meter based on the plot size of the property and is ฿699,200 for this villa. 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 Mono Loft Villas Palai the required payment for the sinking fund is ฿38,000 per square meter based on the size of the plot size of the property.
Ao Yon Beach is the nearest Beach from Mono Loft Villas Palai and it is 4.4 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

After you have found the right property at Mono Loft Villas Palai you have to follow these steps:

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

Untitle
Installment Milestone Payment
1st Installment
Immediately
2%
2nd Installment
Upon contract signing
48%
3rd Installment
0 months after contract signing
50%

 

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.

  • - 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.
  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

 

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

5 out of 5 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
This project is stunning in Japanese style.
5 Natthawadee R., Thailand, 2 years ago
This project is stunning in Japanese style. The staff who took us to see the showroom was very friendly. The villa has a good size with a private pool that is big enough for 5-6 people. The shady garden is lovely. There are 3 bedrooms, 3 bathrooms, a living room and a kitchen that are clearly separated. Each villa also has a fence around, and the project also provides a strict security system to ensure residents' safety. Moreover, the project is close to Phuket Zoo, Wat Chalong, and Chalong pier as well.

Phuket

Chalong

Neighborhood Overview

Location and Neighborhood

Street View

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