Palm Avenue 3

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Hin Lek Fai, Hua Hin, Prachuap Khiri Khan

Unit ID: U897536
฿11,200,000
Bedroom
3 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
229 SqM Indoor Area
Stairs
1 Storeys
Construction
Dec 2022 Off Plan

3 Bedroom Villa for sale at Palm Avenue 3

This property is a 229 SqM villa with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Palm Avenue 3 project in Hin Lek Fai, Hua Hin and it is scheduled for completion in Dec 2022. You can buy this villa for a base price of ฿11,200,000 (฿48,908/SqM).

Features

Private PoolPrivate Pool Private GardenPrivate Garden

Basic Information

Property Type Villa
Storeys 1
Location Hin Lek Fai, Hua Hin, Prachuap Khiri Khan
Bedrooms 3
Nearest Landmark Hua Hin Beach -5 Km
Indoor Area 229 SqM
Price per SqM ฿48,908
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 650 SqM
Villa Ownership

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

Thai Ownership, Company
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
Land Title Deed N/A
Construction Off Plan (Dec 2022)
Furniture
Unfurnished
View(s) Pool View, Garden View
Unit Type I-3
Parking Spots N/A
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.
฿3,900/mo
Listed By
Developer
Date Listed May 25, 2021
Last Updated
Unit ID U897536

Investment Opportunity: Charges & Yield

Sale Price
฿11,200,000
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.
฿3,900/mo

Project Details

Project Name: Palm Avenue 3
Construction: Off Plan (Dec 2022)
Units: 13
Project Area: N/A
Nearest Landmark Hua Hin Beach - 5 Km
Location: Hin Lek Fai, Hua Hin, Prachuap Khiri Khan
Palm Avenue 3 Project Details

Available Units at Palm Avenue 3

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Frequently asked questions

All kind of pets are allowed at Palm Avenue 3 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is ฿6 per square meter based on the plot size of the property and is ฿3,900 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.
Hua Hin Beach is the nearest Beach from Palm Avenue 3 and it is 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 Palm Avenue 3 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

 


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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