Foreign Freehold Downtown Phuket Condominium For Sale | All Phuket Condominiums

Foreign Freehold Downtown Phuket Condominium For Sale

Overview

ID: #2497
Price: ฿ 2,831,500
Type: Condominium Apartment
Contract: For Sale
Location: Central Phuket
Bathrooms: 1
Bedrooms: 1
Area: 34.8m2
Rating:
Foreign Freehold Downtown Phuket Condominium For Sale
4.5 (90.67%) 15 votes
Foreign Freehold Downtown Phuket Condominium For Sale
4.5 (90.67%) 15 votes

Downtown Phuket Condominium


FOREIGN FREEHOLD UNITS FOR SALE IN A CONDOMINIUM PROJECT LOCATED IN DOWNTOWN PHUKET, THAILAND.


This Downtown Phuket Condominium will delight in the much desired privacy and array of first-class facilities.

A positive character can go a long way to create a good impression, and that explains why choosing an address that is complementary to your character is so important.

The superb location right at the heart of Phuket City makes it so easy to commute to work, restaurants, shopping venues and all entertainment locations throughout the city and beyond.

These Condominiums are set on 3.3 Rai of land and comprise two 7-story buildings for a total of 311 suites. Two unit sizes are available, one bedroom condominiums from 33.5 – 34.5 sqm and two bedroom condominiums from 55.5 – 58.5 sqm.

Facilities include swimming pool and kids pool, exercise room, multi-purpose areas, garden and outdoor recreation areas, lobby, WiFi at the lobby and pool.  In addition 24 hour security, CCTV and parking space.

For a limited time, free furniture package and free transfer fees on foreign freehold units.

Condominium Foreign Freehold

This property will be a registered condominium. This means that 49% of the units can be sold as “condominium freehold”. This is special legal type of freehold title that foreigners can directly and legally own in Thailand, just as they would own a freehold property in their own country. Due to the fact that condominiums are a special form of property that foreigners can own, many aspects of condominiums are governed by legislation contained in The Condominium Act. This clarifies the law for property developers and provides a degree of “consumer protection” for condominium buyers.

Important Tip: Prior to purchasing a condominium unit, it is important to check the ratio of foreign ownership. If there are remaining units within the 49% foreign ownership quota, these can be purchased freehold by foreigners. If no foreign quota remains, the remaining units can only be purchased leasehold. The difference in legal title and ownership rights are substantially different.

 

Foreign Freehold Condominium for Sale Priced From (THB) Unit Size View Floor
One Bedroom ฿ 2,891,200 35.5 sqm Cenral View Fifth Floor
One Bedroom ฿ 3,266,300 35.6 sqm Pool View Fifth Floor

Development Details

Ownership:  Foreign Freehold and Leasehold

Total Number of Units:  311

Price Per Square Metre:  81,365 THB

Monthly Maintainance (CAM) Fee:  1,740 THB

Sinking Fund:  17,400 THB

Rental Income (Yield):  Managed By Owner

Project Completed:  Q2 2015

Listing ID# (Foreign Freehold Property):  2497

 

Inquire On This Property



For rental income investors the primary consideration should be location, target market and optimal size and type of unit. The most common ratio used for rental income is "rental yield", which is the rental revenue recieved in one year divided by the purchase price of the property. Rental yield is a way to compare and analyse properties. Most all developers have rental estimate figures ready for buyers.


G. Carlson

G. Carlson

Born on the West Coast of the United States and raised in Texas. Greg Carlson is co-founder of The Carlson Group Consulting Co. Ltd. Specializing in Phuket real estate services and bringing passion to the industry. His reputation has made him one of the most trusted realtors on the island of Phuket.
G. Carlson

General amenities

  • Air Conditioning
  • Built-In Furniture
  • Cable/Satellite TV
  • Close to Shops/Restaurants
  • Gated Estate/Security
  • Gym
  • Internet Access
  • Parking
  • Ready to Move In
  • Reception/Management Office
  • Sharred Swimming Pool
  • Terrace/Balcony

Map

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