Studio Condo for sale at Lake Avenue Phuket

The common area maintenance fee is ฿60 per square meter based on the size of indoor area of the property and is ฿2,299 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 Lake Avenue Phuket the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.

Lake Avenue Phuket offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
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