1 Bedroom Condo for sale at Ocean Portofino

 (Write Review)
Na Chom Thian, Pattaya, Chon Buri
Unit ID: U34596
4% Rental Yield
1 Bedroom
2 Bathrooms
89.63 SqM Size
19 Floor
May 2009 Completed

About This Condo

This property is a 89.63 SqM condo with 1 bedroom and 2 bathrooms that is available for sale. It is part of the Ocean Portofino project in Na Chom Thian, Pattaya and was completed in May 2009. You can buy this condo for a base price of ฿10,348,930 (฿115,463/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Oct 5, 2017
Updated 4 years ago
Property Type Condo
Floor 19
Bedroom 1
Size 89.63 SqM
Price per SqM ฿115,463
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
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) City 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.
฿2,689/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U34596

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.
฿2,689/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.
26
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at Ocean Portofino, and the current sales price.
4%

Project Details

Project Name: Ocean Portofino
Developer: Ocean Property
Construction: Completed (May 2009)
Floors: 36
Buildings: 1
Units: 268
Project Area: 4,000 SqM
Nearest Landmark Na Jomtien Beach South - 2.7 Km
Location: Na Chom Thian, Pattaya
Ocean Portofino Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Steam Room Steam Room
Direct Beach Access Direct Beach Access
Reception / Lobby Area Reception / Lobby Area
BBQ Area BBQ Area
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at Ocean Portofino

  • Communal Pool
    Ground Floor
  • Communal Garden Area
    1st Floor
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Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
20%
2nd Installment
On handover
80%

Frequently Asked Questions

No pets are allowed at Ocean Portofino 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 ฿2,689 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 Ocean Portofino the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Na Jomtien Beach South is the nearest Beach from Ocean Portofino and it is 2.7 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 Ocean Portofino 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
฿100,000
1st Installment
Upon contract signing
20%
2nd Installment
On handover
80%

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

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Pattaya
Na Chom Thian

Neighborhood Overview

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Street View

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