Studio Condo for sale at Surin Sabai

(2 Reviews)
Choeng Thale, Thalang,Phuket
Unit ID: U163615
6% Rental Yield
Studio Bedroom
1 Bathroom
53 SqM Size
4 Floor
Dec 2013 Completed

About This Condo

This property is a 53 SqM studio condo with 1 bathroom that is available for sale. It is part of the Surin Sabai project in Choeng Thale, Phuket and was completed in Dec 2013. You can buy this condo for a base price of ฿4,500,000 (฿84,906/SqM) and it is also available for long term rentals starting from ฿22,000 per month.

Features

BalconyBalcony

Basic Information

Date Listed Jul 17, 2019
Updated 3 years ago
Property Type Condo
Floor 4
Bedroom Studio
Size 53 SqM
Price per SqM ฿84,906
Pets Not Allowed
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
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) Park View, Blocked View
Unit Type STU Suite
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.
฿4,240/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U163615

Price Analysis

Good Price
Estimated market value ฿4,680,744
Great
฿4,580,000
Good
Fair
Above
฿4,780,000
Current asking Price: ฿4,500,000 | Advertised rental rate: ฿22,000/mo
This condo is ฿180,744 BELOW MARKET (-4%) 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.
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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.
฿4,240/mo
Rent
฿22,000/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
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
6%

Project Details

Project Name: Surin Sabai
Developer: Phuket Asia Land
Construction: Completed (Dec 2013)
Floors: 6
Buildings: 3
Units: 53
Project Area: 5,600 SqM
Nearest Landmark Surin Beach - 0.5 Km
Location: Choeng Thale, Phuket
Surin Sabai 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 Surin Sabai

  • Communal Pool
    1st Floor
  • Communal Gym
    1st Floor
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Available Units at Surin Sabai

For Sale 7 For Rent 10
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Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
10%
1st Installment
On handover
90%

Frequently Asked Questions

No pets are allowed at Surin Sabai 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 ฿80 per square meter based on the size of indoor area of the property and is ฿4,240 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 Surin Sabai the required payment for the sinking fund is ฿300 per square meter based on the size of the indoor area of the property.
Surin Beach is the nearest Beach from Surin Sabai and it is 0.5 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 at Surin Sabai 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
10%
1st Installment
On handover
90%

Read more 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

4.2 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Spacious rooms but poor facilities
Verified Visitor, 3 years ago
A decent apartment with comfortable size- The location is good a short walk 10 mins to the beach. There are good restaurants and coffee around the area. Fitness ok but the common pool is too small
It's an extraordinary time for my family
Hannah Robinson, Australia, 5 years ago
It's an extraordinary time for my family to stay in a 4-bedroom pool villa here. Inside, the villa is spacious. All bedrooms are beautifully decorated, new and clean. The living room is open-planned with a large TV screen. There is a fully equipped kitchen for making small meals. The pool is not very large, but it is well maintained. Friendly staff. There is also a fitness center where you can use all the equipment as well. The atmosphere is shady, peaceful, and private. It is located near Surin Beach, where you can walk for only 8 minutes.
Phuket
Choeng Thale

Neighborhood Overview

Location and Neighborhood

Street View

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