The Menara Hill

5 (1 Review)

Si Sunthon, Thalang,Phuket

Unit ID: U219367
5% GUAR. RETURN FOR 3 YEARS
฿16,500,000
Bedroom
3 Bedrooms
Bathroom
4 Bathrooms
Indoor Area
403 SqM Indoor Area
Stairs
1 Storeys
Construction
Jan 2020 Completed

About This Villa

This property is a 403 SqM villa with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the The Menara Hill project in Si Sunthon, Phuket and was completed in Jan 2020. You can buy this villa for a base price of ฿16,500,000 (฿40,943/SqM).

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace

Basic Information

Property Type Villa
Storeys 1
Location Si Sunthon, Thalang, Phuket
Bedrooms 3
Nearest Landmark Bang Tao Beach -4.4 Km
Indoor Area 403 SqM
Price per SqM ฿40,943
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 407.43 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 Completed (Jan 2020)
Furniture
Available for ฿1,500,000
View(s) Pool View, Garden View
Unit Type 3 Bedroom
Parking Spots 2
Pool Size 3.5m 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.
฿6,500/mo
Listed By
Developer
Date Listed Oct 22, 2019
Last Updated 5 months ago
Unit ID U219367

3D Walkthrough

Investment Opportunity: Charges & Yield

Sale Price
฿16,500,000
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.
฿6,500/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.
20
Guaranteed Rental Return
5%
Guarantee Duration
3 Years

Project Details

Project Name: The Menara Hill
Construction: Completed (Jan 2020)
Units: 6
Project Area: 19,200 SqM
Nearest Landmark Bang Tao Beach - 4.4 Km
Location: Si Sunthon, Thalang, Phuket
The Menara Hill Project Details

Project Features

24H Security 24H Security

Available Units at The Menara Hill

For Sale 4 For Rent 1
Get notified when new homes are being added to The Menara Hill

Loan Calculator

Payment Plan

Off Plan (12 Month)
Installment Milestone Payment
Reservation Deposit
Immediately
1%
1st Installment
Within 30 days of reservation deposit payment
29%
2nd Installment
Upon Completion of Pilings & Foundation
15%
3rd Installment
Upon Completion of Main Structure
15%
4th Installment
Upon Completion of Roof, Walls & Partitions
15%
5th Installment
Upon Completion of Floors Tiles and Walls Tiles
10%
6th Installment
Delivery of the house ready for Occupancy
10%
7th Installment
Within 30 days after, the developer notifies the date of registration of transfer of ownership
5%
Finished House
Installment Milestone Payment
Reservation Deposit
Immediately
2%
1st Installment
Upon contract signing
48%
2nd Installment
On handover
50%

Frequently Asked Questions

Dogs, cats and small pets like rabbits, hamsters and guinea pigs are allowed at The Menara Hill.
The common area maintenance fee for properties at The Menara Hill is a fixed amount of ฿6,500. 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.
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 Menara Hill the required payment for the sinking fund is a fixed amount of ฿65,000.
The Menara Hill offers a guaranteed rental return of 5% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Bang Tao Beach is the nearest Beach from The Menara Hill 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 The Menara Hill you have to follow these steps:

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

Off Plan (12 Month)
Installment Milestone Payment
Reservation Deposit
Immediately
1%
1st Installment
Within 30 days of reservation deposit payment
29%
2nd Installment
Upon Completion of Pilings & Foundation
15%
3rd Installment
Upon Completion of Main Structure
15%
4th Installment
Upon Completion of Roof, Walls & Partitions
15%
5th Installment
Upon Completion of Floors Tiles and Walls Tiles
10%
6th Installment
Delivery of the house ready for Occupancy
10%
7th Installment
Within 30 days after, the developer notifies the date of registration of transfer of ownership
5%
Finished House
Installment Milestone Payment
Reservation Deposit
Immediately
2%
1st Installment
Upon contract signing
48%
2nd Installment
On handover
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

Do you own a property at The Menara Hill?

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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
Convenient, near Phuket International Airport
5 Harris Biddle, United Kingdom, 1 year ago
We chose to stay in this place because of the project’s design in a modern Moroccan style. Once we got there, we were impressed and loved it so much. The private pool has the correct size. Amazing! The bedroom and living room are clean and quite spacious. Good surrounding atmosphere by lots of trees, there is a security service and 2 parking lots. The staff is also friendly. The villa is located not far from Bangtao and Layan beaches, also easy to drive to Phuket International Airport within 25-30 minutes. I would recommend it for anyone who loves a private pool villa, convenient, comfortable, and affordable.
Phuket
Si Sunthon

Neighborhood Overview

Location and Neighborhood

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