Phuket Palace

3.92 (6 Reviews)

Patong, Kathu,Phuket

Unit ID: U33461
10% Rental Yield
฿2,800,000 ฿4,250,000
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
55 SqM Size
Floors
11 Floor
Construction
Nov 1992 Completed

Studio Condo for sale at Phuket Palace

This property is a 55 SqM studio condo with 1 bathroom that is available for sale. It is part of the Phuket Palace project in Patong, Phuket and was completed in Nov 1992. You can buy this condo for a base price of ฿2,800,000 (฿50,909/SqM).

Highfloor trendy studio for sale

Spacious, bright & airy. Recently renovated, trendy decorated with amazing views on tbe best location in Patong.

Features

Private GymPrivate Gym Private LiftPrivate Lift JacuzziJacuzzi Private GardenPrivate Garden Covered ParkingCovered Parking BalconyBalcony Outdoor ShowersOutdoor Showers Full Western KitchenFull Western Kitchen Fully RenovatedFully Renovated (2018)

Basic Information

Property Type Condo
Floor 11
Bedroom Studio
Size 55 SqM
Price per SqM ฿50,909
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%.

Foreign Quota
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, Partial Sea View, City View, Garden View
Unit Type N/A
Building Phuket Palace
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿3,465/mo
Listed By
Private Owner
Date Listed Sep 24, 2017
Last Updated 1 month ago
Unit ID U33461

Price Analysis

Above Average
Estimated market value ฿2,309,309
Great
฿2,240,000
Good
Fair
Above
฿2,420,000
Current asking Price: ฿2,800,000 | Rental estimate: ฿23,100/mo
This condo is ฿490,691 ABOVE MARKET (21%) 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
฿2,800,000
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿3,465/mo
Est. Rent
฿23,100/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.
10
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 studio condos at Phuket Palace, and the current sales price.
10%

Project Details

Project Name: Phuket Palace
Developer: Phuket Palace
Construction: Completed (Nov 1992)
Floors: 15
Buildings: 1
Units: 168
Project Area: 6,680 SqM
Nearest Landmark Patong Beach - 2.4 Km
Location: Patong, Kathu, Phuket
Phuket Palace Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Cigar Lounge Cigar Lounge
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at Phuket Palace

  • Communal Garden Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

Available Units at Phuket Palace

For Sale 20 For Rent 4
Favorite Compare Available Units at Phuket Palace
฿70,000
Studio Beds
1 Baths
50 SqM Size
5 Floor
Foreign Quota Garden View
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฿59,000
1 Beds
1 Baths
50 SqM Size
11 Floor
Company Sea View
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฿33,000
2 Beds
2 Baths
100 SqM Size
6 Floor
Foreign Quota Mountain View
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฿38,000
Great Price
Studio Beds
1 Baths
50 SqM Size
8 Floor
Company Mountain View
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฿64,000
Studio Beds
1 Baths
50 SqM Size
14 Floor
Company Sea View
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฿66,000
Studio Beds
1 Baths
50 SqM Size
9 Floor
Foreign Quota Sea View
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฿72,000
Studio Beds
1 Baths
50 SqM Size
14 Floor
Company Sea View
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฿50,000
Good Price
2 Beds
2 Baths
100 SqM Size
2 Floor
Company Park View
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฿36,458
Studio Beds
1 Baths
48 SqM Size
6 Floor
Company Partial Sea View
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฿50,909
Studio Beds
1 Baths
55 SqM Size
11 Floor
Foreign Quota Mountain View
Favorite Compare Available Units at Phuket Palace
฿50,000
Studio Beds
1 Baths
50 SqM Size
5 Floor
Company Mountain View
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฿50,000
Studio Beds
1 Baths
50 SqM Size
8 Floor
Company Partial Sea View
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฿100,000
2 Beds
2 Baths
120 SqM Size
10 Floor
Foreign Quota Sea View
Favorite Compare Available Units at Phuket Palace
฿72,000
Great Price
Studio Beds
1 Baths
50 SqM Size
14 Floor
Company Sea View
Favorite Compare Available Units at Phuket Palace
฿50,000
Great Price
Studio Beds
1 Baths
50 SqM Size
8 Floor
Company Partial Sea View
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฿58,333
Studio Beds
1 Baths
48 SqM Size
14 Floor
Company Sea View
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฿84,000
Good Price
Studio Beds
1 Baths
50 SqM Size
8 Floor
Sea View
Favorite Compare Available Units at Phuket Palace
฿78,000
Studio Beds
1 Baths
50 SqM Size
10 Floor
Thai Quota Sea View
Favorite Compare Available Units at Phuket Palace
฿84,043
1 Beds
1 Baths
47 SqM Size
10 Floor
Company Partial Sea View
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฿68,000
Great Price
Studio Beds
1 Baths
50 SqM Size
7 Floor
Sea View
Favorite Compare Available Units at Phuket Palace
-
1 Beds
1 Baths
63 SqM Size
4 Floor
Partial Sea View
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-
Studio Beds
1 Baths
50 SqM Size
- Floor
Get notified when new homes are being added to Phuket Palace

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Frequently asked questions

No pets are allowed at Phuket Palace 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 ฿63 per square meter based on the size of indoor area of the property and is ฿3,465 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.
Patong Beach is the nearest Beach from Phuket Palace and it is 2.4 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 Phuket Palace 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

Previous Sales (Secondary Market) at Phuket Palace

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

3.9 out of 5 3.92
Based on
6 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Convenient location near Patong Beach
4 Kimberly Caughey, United Kingdom, 1 year ago
I've stayed here for a month and rented a studio room. The room is provided with many facilities. There is a large outdoor area in the center of the condo with various sunbeds on the ground floor, where I can do sunbathing. It's super convenient. Although the condo looks old, the lobby hall still looks good, and the rental price is acceptable. The location is considered potential, close to Patong Beach, and easily accessible. Moreover, it is close to many restaurants, bars, and entertainment venues. It is very convenient to go everywhere, and it is the best condo for those who want an acceptable priced condo.
I made the right choice of buying here
4 Brad P., Australia, 1 year ago
I made the right choice of buying here. My room is spacious with beautiful decoration, and it also comes with full furniture. In the project, there is a very large swimming pool. It’s located in the prime area, near Patong beach. There are restaurants, a department store, and pubs nearby. For those who want to buy for the investment, it is another interesting option.
Condo in the Patong area
3.5 Fabio Scally, Italy, 3 years ago
The building is a bit run down, but the room is spacious with a full furniture set. The room price is reasonable compared to other condos in the Patong area. There is a large swimming pool in the common area as well. The condo is located in Patong near restaurants and not far from Jungceylon Shopping Mall. It's also close to Bangla Road (Phuket's famous nightlife).
Old condo near Patong Beach
3.2 Felicia Puckett, France, 3 years ago
Many foreigners are living here, and there are many western restaurants around here. So I think this project provides a complete range of facilities than other areas in Phuket. The outdoor area has a large swimming pool, and gardens around the pond, while the rooms are well designed in proportion. It is not too small and has a spacious balcony. However, it is a relatively old condo. It is still strong and always gets maintenance. Moreover, it is about 2 kilometers away from Patong Beach !!
Condo in Patong area surrounded by convenience places
4.5 Ashli Lucio, Italy, 3 years ago
The condo here comprises a large swimming pool in the middle of the condo, surrounded by a beautiful view. Moreover, the condominium itself has an elegant design, looks unique. It also has a large garden where I often go to sit and relax in the afternoons. There is also an on-site parking lot, security system, and 24 hours CCTV. However, the condo is located in Patong's center and close to Karon Beach, which can travel by motorbike. There are also many restaurants around, and if you are bored, you can hang out at Bangla Road. Everything is recommended here.
Calm and cozy
4.3 Genevive Gachet, France, 3 years ago
I'm french, moving here with my dad when I was only 22 years old. I thought I was ready to live in Phuket. My father has many businesses in Patong, and I have visited Phuket many times. After graduating and I took a gap year to visit many places. And I am still very impressed with Phuket. I chose a condo here because it is quiet and private, like I am staying in a resort. Nearly 90% of the residents are foreigners. My room is on the 14th floor, which is high so that I can enjoy the sea view from my room. The place is beautifully decorated with a fully-furnished kitchen, dining table set, and a comfortable bed. The room is in the perfect size for a bachelor like me living alone. The condo's free Wi-Fi is fast, and the common area is complete with large swimming pools, a fitness center, plenty of parking. And I like the security guards very much; they are very friendly.

Phuket

Patong

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