The Rhine Condominium Jomtien

5 (1 Review)

Nong Prue, Pattaya, Chon Buri

Unit ID: U274099
8% GUAR. RETURN FOR 5 YEARS
Sold Great Price
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
25 SqM Size
Floors
7 Floor
Construction
Jan 2023 Off Plan

Studio Condo for sale at The Rhine Condominium Jomtien

This property is a 25 SqM studio condo with 1 bathroom that is available for sale. It is part of the The Rhine Condominium Jomtien project in Nong Prue, Pattaya and it is scheduled for completion in Jan 2023. You can buy this condo for a base price of ฿2,050,000 (฿82,000/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 7
Bedroom Studio
Size 25 SqM
Price per SqM ฿82,000
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, Company
Furniture
Unfurnished
View(s) Pool 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.
฿1,125/mo
Listed By
Developer
Date Listed Jan 10, 2020
Last Updated 1 month ago
Unit ID U274099

Price Analysis

Great Price
Estimated market value ฿2,157,741
Great
฿2,070,000
Good
Fair
Above
฿2,330,000
Current asking Price: ฿2,050,000
This condo is ฿107,741 BELOW MARKET (-5%) in the Pattaya 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.
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Investment Opportunity: Charges & Yield

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.
฿1,125/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.
13
Guaranteed Rental Return
8%
Guarantee Duration
5 Years

Project Details

Developer: Wealth Asset Group
Construction: Off Plan (Jan 2023)
Floors: 8
Buildings: 2
Units: 321
Project Area: 12 SqM
Nearest Landmark Jomtien Beach North - 3.1 Km
Location: Nong Prue, Pattaya, Chon Buri
The Rhine Condominium Jomtien Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Steam Room Steam Room
Direct Beach Access Direct Beach Access
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at The Rhine Condominium Jomtien

  • Communal Pool
    Ground Floor
  • Communal Gym
    8th Floor
  • Onsen
    8th Floor
  • Communal Garden Area
    Rooftop
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Available Units at The Rhine Condominium Jomtien

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Project Progress

The Rhine Condominium Jomtien 0%
Expected completion date: January 2023
November25%

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
100%

Frequently asked questions

No pets are allowed at The Rhine Condominium Jomtien 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 ฿1,125 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 The Rhine Condominium Jomtien the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
The Rhine Condominium Jomtien offers a guaranteed rental return of 8% (based on the purchase price of the property) for a duration of 5 Years.
Read more here.
Jomtien Beach North is the nearest Beach from The Rhine Condominium Jomtien and it is 3.1 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 you have to follow these steps:

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

Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
100%

Read more here

 

Sure and with travel restrictions this is becoming a more popular option. We have online immersive tours of a large number of properties so you can see all properties from your home. Our experienced team can also conduct a video tour and once you are ready to go ahead with your purchase, either our team or we can recommend lawyer to manage the entire transfer of the property into your name without you physically being 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
Very worthwhile project
5 Ton D., Thailand, 1 year ago
This project is very worthwhile. Since the recent debut, the project has got many presale reservations. So what am I waiting for? I have reserved 2 rooms of 1-bedroom units with a very beautiful and functional layout. There is a large balcony and a full set of furniture. The project facilities are exclusive and luxurious as well, especially the Japanese-style onsen that I like. The price is perfect with a guaranteed 8% rental return per year for 5 years, a 114% buyback program, and a free stay in the condo for 27 days a year. It is very convenient in this location, close to many attractions, including Underwater World Pattaya, Jomtien Beach, Colosseum Show Pattaya, and shopping malls. Markets are not far away. If anyone is interested, you should hurry. I heard that the rooms were going to sell out soon. It's great.

Pattaya

Nong Prue

Neighborhood Overview

Location and Neighborhood

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