VIP Great Hill Condominium

4.75 (2 Reviews)

Sakhu, Thalang,Phuket

Unit ID: U266801
6% GUAR. RETURN FOR 2 YEARS
Sold Great Price
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
22.50 SqM Size
Floors
6 Floor
Construction
Mar 2022 Off Plan

Studio Condo for sale at VIP Great Hill Condominium

This property is a 22.50 SqM studio condo with 1 bathroom that is available for sale. It is part of the VIP Great Hill Condominium project in Sakhu, Phuket and it is scheduled for completion in Mar 2022. You can buy this condo for a base price of ฿1,620,000 (฿72,000/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 6
Bedroom Studio
Size 22.50 SqM
Price per SqM ฿72,000
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
Available for ฿112,500
View(s) Blocked View
Unit Type B
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.
฿675/mo
Listed By
Developer
Date Listed Dec 24, 2019
Last Updated 2 weeks ago
Unit ID U266801

Price Analysis

Good Price
Estimated market value ฿1,661,179
Great
฿1,570,000
Good
Fair
Above
฿1,750,000
Current asking Price: ฿1,620,000
This condo is ฿41,179 BELOW MARKET (-2%) 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

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.
฿675/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.
17
Guaranteed Rental Return
6%
Guarantee Duration
2 Years

Project Details

Developer: VIP Thailand
Construction: Off Plan (Mar 2022)
Floors: 7
Buildings: 1
Units: 215
Project Area: 2,030 SqM
Nearest Landmark Nai Yang Beach - 2.3 Km
Location: Sakhu, Thalang, Phuket
VIP Great Hill Condominium Project Details

Project Features

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

Popular Facilities at VIP Great Hill Condominium

  • Reception / Lobby Area
    1st Floor
  • Communal Pool
    1st Floor
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This condo was reserved by another buyer but check out these similar properties

Available Units at VIP Great Hill Condominium

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Project Progress

VIP Great Hill Condominium 83.57%
Expected completion date: March 2022
  • The environmental impact assessment has been approved.

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
within 15 days after reservation fees.
25%
2nd Installment
monthly installments
35%
3rd Installment
On handover
40%
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
2nd Installment
within 15 days after reservation fees.
40%
3rd Installment
On handover
30%

Frequently asked questions

No pets are allowed at VIP Great Hill 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 ฿30 per square meter based on the size of indoor area of the property and is ฿675 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 VIP Great Hill Condominium the required payment for the sinking fund is ฿400 per square meter based on the size of the indoor area of the property.
VIP Great Hill Condominium offers a guaranteed rental return of 6% (based on the purchase price of the property) for a duration of 2 Years.
Read more here.
Nai Yang Beach is the nearest Beach from VIP Great Hill Condominium and it is 2.3 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 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
within 15 days after reservation fees.
25%
2nd Installment
monthly installments
35%
3rd Installment
On handover
40%
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
2nd Installment
within 15 days after reservation fees.
40%
3rd Installment
On handover
30%

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
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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 4.75
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The project is currently under construction. Lovely and stylish.
5 Grace Lauren, Sweden, 7 months ago
I work at Phuket International Airport and intend to buy a condo at a reasonable price. Since I found this project, which is now under construction and will be done soon. I'm looking forward to that. The project is stunning and modern. In addition, the project has all the basic amenities. A swimming pool, fitness center, garden, and parking are all available. Firstly, I planned to buy a studio. But since the prices are quite similar, I decided to buy a 1-bedroom unit at 34 square meters instead. It is close to the airport. The surrounding area is peaceful and shady. I went to the sample room and was pleased with what I saw. The project's staff is kind and helpful. It is easy to decide to purchase a room in this project based on the first impression.
This project is very worthwhile at an affordable price
4.5 Charlotte Brown, Australia, 1 year ago
The project is still under construction, which should be completed in about 2 years. I've already reserved here. I think that it is very worthwhile at an affordable price. Unfortunately, the project only has one room type available, a studio room. It isn't vast, but well decorated in a modern style and well allocated. Spacious pool. The project also has a guaranteed rental program, which is an interesting option for investment.

Phuket

Sakhu

Neighborhood Overview

Location and Neighborhood

Street View

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