Splendid Condominium

5 (1 Review)

Karon, Phuket Town,Phuket

Unit ID: U64508
7% GUAR. RETURN FOR 5 YEARS
฿3,036,000 Great Price
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
25.30 SqM Size
Floors
2 Floor
Construction
Mar 2019 Completed

Studio Condo for sale at Splendid Condominium

This property is a 25.30 SqM studio condo with 1 bathroom that is available for sale. It is part of the Splendid Condominium project in Karon, Phuket and was completed in Mar 2019. You can buy this condo for a base price of ฿3,036,000 (฿120,000/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 2
Bedroom Studio
Size 25.30 SqM
Price per SqM ฿120,000
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, Thai Quota, Leasehold, Company
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
Unit Type STU
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.
฿1,518/mo
Listed By
Developer
Date Listed Feb 16, 2018
Last Updated 1 month ago
Unit ID U64508

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿3,296,213
Great
฿3,230,000
Good
Fair
Above
฿4,230,000
Current asking Price: ฿3,036,000
This condo is ฿260,213 BELOW MARKET (-8%) 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
฿3,036,000
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.
฿1,518/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
5 Years

Project Details

Project Name: Splendid Condominium
Construction: Completed (Mar 2019)
Floors: 3
Buildings: 2
Units: 27
Project Area: 1,600 SqM
Nearest Landmark Kata Beach - 1.3 Km
Location: Karon, Phuket Town, Phuket
Splendid Condominium Project Details

Project Features

Hotel Managed Hotel Managed
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 Splendid Condominium

  • Communal Pool
    Rooftop
  • Communal Gym
    Ground Floor

Available Units at Splendid Condominium

Get notified when new homes are being added to Splendid Condominium

Loan Calculator

Frequently asked questions

No pets are allowed at Splendid Condominium 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 ฿60 per square meter based on the size of indoor area of the property and is ฿1,518 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 Splendid Condominium the required payment for the sinking fund is ฿700 per square meter based on the size of the indoor area of the property.
Splendid Condominium offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 5 Years.
Read more here.
Kata Beach is the nearest Beach from Splendid Condominium and it is 1.3 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 Splendid Condominium 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

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
Property close to Kata Beach
5 Mary Smirnov, Russia, 1 year ago
If there is a chance to come back to Phuket, I will definitely come back here! Although it was a short time spent on the project, everything was so perfect. The project looks new and clean; the room is in good condition, and the furniture looks quality. The staff was friendly and helpful. There are a swimming pool, fitness center, and free parking for residents. The location is good, close to Kata beach. You can walk or drive in a few mins. The atmosphere around is quiet. It is a great place to relax and is a small project that makes it less crowded. Most of the neighbors are foreigners.

Phuket

Karon

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby Splendid Condominium

Location
Number of units
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Monthly Rentals
Year Built
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Project Name
Location
Number of units
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Year Built
Completion Status
Location
Phuket Town, Phuket, Thailand
Number of units
5
Sales Prices
฿27.9M - ฿32M
Monthly Rentals
฿65K
Year Built
Jun 2013
Completion Status
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Project Name
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Number of units
8
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฿9.5M - ฿16.2M
▼ -30% underpriced
Monthly Rentals
฿25K - ฿50K
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Completion Status
Completed
Project Name
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Location
Phuket Town, Phuket, Thailand
Number of units
153
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฿2.7M - ฿12M
▼ -4% underpriced
Monthly Rentals
฿25K - ฿52.5K
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Completed
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Phuket Town, Phuket, Thailand
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฿9M - ฿15.5M
Monthly Rentals
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Completed
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Completed
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Number of units
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Sales Prices
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▲ 11% overpriced
Monthly Rentals
N/A
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Jan 2022
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Number of units
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Monthly Rentals
N/A
Year Built
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Completion Status
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