1 Bedroom Condo for sale at Pearl Condominium

(1 Review)
Rawai, Phuket Town,Phuket
Unit ID: U80862
7% GUAR. RETURN FOR 3 YEARS
1 Bedroom
1 Bathroom
35 SqM Size
5 Floor
Dec 2019 Completed

About This Condo

This property is a 35 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Pearl Condominium project in Rawai, Phuket and was completed in Dec 2019. You can buy this condo for a base price of ฿3,500,000 (฿100,000/SqM).

Features

Beach AccessBeach Access Covered ParkingCovered Parking BalconyBalcony Outdoor ShowersOutdoor Showers

Basic Information

Date Listed Oct 9, 2019
Updated 3 years ago
Property Type Condo
Floor 5
Bedroom 1
Size 35 SqM
Price per SqM ฿100,000
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%.

Leasehold
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) Mountain View
Unit Type N/A
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.
฿2,100/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U80862

Price Analysis

Great Price
Estimated market value ฿4,886,095
Great
฿4,060,000
Good
Fair
Above
฿5,990,000
Current asking Price: ฿3,500,000
This condo is ฿1,386,095 BELOW MARKET (-28%) 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

Sale Price
฿3,500,000
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.
฿2,100/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.
15
Guaranteed Rental Return
7%
Guarantee Duration
3 Years

Project Details

Project Name: Pearl Condominium
Developer: N/A
Construction: Completed (Dec 2019)
Floors: 8
Buildings: N/A
Units: 79
Project Area: N/A
Nearest Landmark Rawai Beach - 1.1 Km
Location: Rawai, Phuket
Pearl Condominium Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
Car Parking Car Parking
Spa Spa
Reception / Lobby Area Reception / Lobby Area

Available Units at Pearl Condominium

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Frequently Asked Questions

The common area maintenance fee is ฿60 per square meter based on the size of indoor area of the property and is ฿2,100 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 Pearl Condominium the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Pearl Condominium offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Rawai Beach is the nearest Beach from Pearl Condominium and it is 1.1 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 Pearl Condominium you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


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

4.7 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Stunning condominium near the famous Andaman
Arina Petrova, Russia, 4 years ago
A modern condominium! I rent a condo here - 1 bed and 1 bath. It's about 10,000 baht which is worthwhile for what I get. The bedroom can fit a king-size bed which is soft and comfy, and some space left for moving around. Nice kitchen with complete equipment. From my room, I can see the mountain view and enjoy the shady atmosphere. My room also has a pool view. This condo has a clean infinity-edge pool. Also, there are a gym, a spa and free parking space. Near Phromthep Cape and other attractions in 10 minutes.
Phuket
Rawai

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Pearl Condominium

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Location
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