The Element by Wallaya Villas

5 (1 Review)

Si Sunthon, Thalang,Phuket

Unit ID: U669566
฿11,213,420 ฿14,133,100 Great Price
Bedroom
3 Bedrooms
Bathroom
3.5 Bathrooms
Indoor Area
299.33 SqM Indoor Area
Stairs
2 Storeys
Construction
Dec 2021 Off Plan

3 Bedroom Villa for sale at The Element by Wallaya Villas

This property is a 299.33 SqM villa with 3 bedrooms and 3.5 bathrooms that is available for sale. It is part of the The Element by Wallaya Villas project in Si Sunthon, Phuket and it is scheduled for completion in Dec 2021. You can buy this villa for a base price of ฿11,213,420 (฿37,462/SqM).

Features

Private PoolPrivate Pool TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Property Type Villa
Storeys 2
Location Si Sunthon, Thalang, Phuket
Bedrooms 3
Nearest Landmark Bang Tao Beach -3.6 Km
Indoor Area 299.33 SqM
Price per SqM ฿37,462
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 243.77 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, 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 Off Plan (Dec 2021)
Furniture
Unfurnished
View(s) Pool View
Unit Type Type A
Parking Spots 1
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.
฿6,094/mo
Listed By
Developer
Date Listed Mar 8, 2021
Last Updated 4 months ago
Unit ID U669566

Price Analysis

Good Price
Estimated market value ฿11,725,022
Great
฿10,700,000
Good
Fair
Above
฿13,700,000
Current asking Price: ฿11,213,420
This villa is ฿511,602 BELOW MARKET (-4%) 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
฿11,213,420
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.
฿6,094/mo

Project Details

Developer: Phuket Exclusive
Construction: Off Plan (Dec 2021)
Units: 11
Project Area: 3,600 SqM
Nearest Landmark Bang Tao Beach - 3.6 Km
Location: Si Sunthon, Thalang, Phuket
The Element by Wallaya Villas Project Details

Project Features

24H Security 24H Security

Available Units at The Element by Wallaya Villas

Get notified when new homes are being added to The Element by Wallaya Villas

Loan Calculator

Project Progress

The Element by Wallaya Villas 70%
Expected completion date: December 2021

Payment Plan

Local & Lease
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
2nd Installment
Super Structure
30%
3rd Installment
Topping Out
20%
4th Installment
On handover
20%

Frequently asked questions

Dogs, cats and small pets like rabbits, hamsters and guinea pigs are allowed at The Element by Wallaya Villas.
The common area maintenance fee is ฿25 per square meter based on the plot size of the property and is ฿6,094 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 The Element by Wallaya Villas the required payment for the sinking fund is ฿500 per square meter based on the size of the plot size of the property.
Bang Tao Beach is the nearest Beach from The Element by Wallaya Villas and it is 3.6 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 The Element by Wallaya Villas 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

 


Local & Lease
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
2nd Installment
Super Structure
30%
3rd Installment
Topping Out
20%
4th Installment
On handover
20%

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
Nice villa in an exclusive location
5 Ashanti Viars, United States, 7 months ago
My family is interested in visiting this villa because of the location. The villa is located at Choeng Thale, an exclusive location, close to Boat Avenue Cherngtalay and the Laguna Phuket Resort complex with easy access to Phuket town or other tourist attraction destinations. It’s close to restaurants. The villa is very modern and has 2 floors. The downstairs living area and bedroom are very spacious. The pool is quite large with a safety fence! Very privacy. A perfect place for a family. The staff was great. Recommended!!!

Phuket

Si Sunthon

Neighborhood Overview

Location and Neighborhood

Street View

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