Chic Condo

4.83 (2 Reviews)

Karon, Phuket Town,Phuket

Unit ID: U15513
7% GUAR. RETURN FOR 3 YEARS
฿3,130,000 Great Price
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
36 SqM Size
Floors
5 Floor
Construction
Nov 2012 Completed

Studio Condo for sale at Chic Condo

This property is a 36 SqM studio condo with 1 bathroom that is available for sale. It is part of the Chic Condo project in Karon, Phuket and was completed in Nov 2012. You can buy this condo for a base price of ฿3,130,000 (฿86,944/SqM).

Basic Information

Property Type Condo
Floor 5
Bedroom Studio
Size 36 SqM
Price per SqM ฿86,944
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

N/A
Furniture
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) Mountain View, Garden View
Unit Type N/A
Building 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.
฿1,620/mo
Listed By
Developer
Date Listed Nov 3, 2016
Last Updated 4 months ago
Unit ID U15513

3D Walkthrough

Price Analysis

Good Price
Estimated market value ฿3,240,048
Great
฿2,950,000
Good
Fair
Above
฿3,620,000
Current asking Price: ฿3,130,000 | Rental estimate: ฿17,200/mo
This condo is ฿110,048 BELOW MARKET (-3%) in the Phuket area. It is analyzed against similar condos 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
฿3,130,000
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.
฿1,620/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.
15
Guaranteed Rental Return
7%
Guarantee Duration
3 Years

Project Details

Project Name: Chic Condo
Developer: Chic Condominium
Construction: Completed (Nov 2012)
Floors: 7
Buildings: 2
Units: 132
Project Area: 4,204 SqM
Nearest Landmark Karon Beach - 0.9 Km
Location: Karon, Phuket Town, Phuket
Chic Condo Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Chic Condo

  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

Available Units at Chic Condo

For Sale 6 For Rent 2
Get notified when new homes are being added to Chic Condo

Loan Calculator

Frequently asked questions

No pets are allowed at Chic Condo unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿1,620 for this condo. 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 Chic Condo the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Chic Condo offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Karon Beach is the nearest Beach from Chic Condo and it is 0.9 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Chic Condo you have to follow these steps:

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

 


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

4.8 out of 5 4.83
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Perfect and impressive!
4.7 Sara Dagen, Finland, 2 years ago
Surrounded by green hills, it makes you feel relaxed as well. The project is close to Karon Beach, within 15 minutes walk. There are also food markets, and convenience stores nearby. It is making life very convenient. There are also many facilities in the project, including the pool, but the size is not that big. Fortunately, we stayed with few people, so we swam comfortably. The exercise room also has a lot of equipment, but I didn't have much time to spend. I like the room here the most. It is a large studio room, about 50 sq.m, with a lot of space. It's well decorated with furniture and a soft mattress. I slept like a baby. The view from the room is a Karon Beach; the atmosphere is perfect and impressive.
I’m impressed with staying here.
5 Terisa R., United States, 3 years ago
I’m impressed with staying here. There is staff to pick up from the airport and provide very good service. This project is located near Karon beach mountain view. The room has a kitchenette for easy cooking and a washing machine, dining table, and electrical appliances. Still, the furniture quality is quite okay, not a premium grade. If I have a chance, I would come back and stay here again.

Phuket

Karon

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby Chic Condo

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