Phuket Condo Karon Beach Condominium For Sale

Karon Beach Condominium

PHUKET CONDO UNIT FOR SALE IN A CONDOMINIUM PROJECT LOCATED IN KARON BEACH PHUKET, THAILAND.

This Phuket Condo in Karon Beach is an ultra modern estate which features modern designed condos overlooking Karon Beach on the West coast of Phuket. Following the success of Phase 1, they are now happy to announce the opening of Phase 2 which will feature a selection of 45 sq.m. studios units which will also have fantastic views of Karon Beach and the Andaman Sea.

You can take advantage of off-plan prices for a limited time and get the most from your investment.

This new Phuket condo offers common facilities include a fitness center, WiFi lounge, lobby and plenty of parking. The site will include 24 hour security and control card access.

The estate is set on a gentle hill side which allows many of the condos fantastic sea and sun set views. It is a mere 700 meters from Karon Beach and only 100 meters from international restaurants, entertainment and shopping areas. Just a short drive to Patong Beach, Golf, International Hospitals and Luxury Marinas.

A professional estate management team makes for the perfect investment for those seeking high rental returns or that secure holiday home near the beach. Many of the units will have sea view which will start from the 2nd floor.

This Studio unit is “foreign freehold” and on the 2nd floor in Building A with Mountian Views.

Condominium 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.

Development Details

Ownership:  Foreign Freehold and Leasehold

Total Number of Units:  476

Price Per Square Metre:  65,333 THB

Monthly Maintainance (CAM) Fee:  2,025 THB

Sinking Fund:  22,500 THB

Rental Income (Yield):  Managed By Owner

Project Completion:  Q2 2015

Listing ID# (Phuket Condo Property):  1972

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