1 Bedroom Condo for sale at Hollyland Condominium

5 (1 Review)
Wichit, Phuket Town,Phuket
Unit ID: U151316
7% GUAR. RETURN FOR 3 YEARS
฿2,913,165 Great Price
1 Bedroom
1 Bathroom
31.72 SqM Size
7 Floor
Dec 2019 Completed

About This Condo

This property is a 31.72 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Hollyland Condominium project in Wichit, Phuket and was completed in Dec 2019. You can buy this condo for a base price of ฿2,913,165 (฿91,840/SqM).

Basic Information

Property Type Condo
Floor 7
Bedroom 1
Size 31.72 SqM
Price per SqM ฿91,840
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, Leasehold, Company
Furniture
Unfurnished
View(s) Sea View
Unit Type 1
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.
฿1,427/mo
Listed By
Developer
Date Listed Jan 15, 2019
Last Updated
Unit ID U151316

Price Analysis

Great Price
Estimated market value ฿3,335,707
Great
฿3,250,000
Good
Fair
Above
฿3,370,000
Current asking Price: ฿2,913,165
This condo is ฿422,542 BELOW MARKET (-13%) 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
฿2,913,165
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.
฿1,427/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: Hollyland Condominium
Construction: Completed (Dec 2019)
Floors: 8
Buildings: N/A
Units: 119
Project Area: N/A
Nearest Landmark Phuket Immigration Office - 2 Km
Location: Phuket Town, Phuket
Hollyland Condominium Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at Hollyland Condominium

Loan Calculator

Frequently Asked Questions

The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿1,427 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 Hollyland Condominium the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Hollyland 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.
Phuket Immigration Office is the nearest Immigration Office from Hollyland Condominium and it is 2 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 Hollyland 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

5 out of 5 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Very good price.
5 Alisa N., Sweden, 2 years ago
At first, I had searched for many projects in Phuket Town, but finally, I decided to choose this project. It is because the location is a bit quieter than the city center. And it's also easy to drive anywhere. For example, going around Cape Panwa takes about 10 minutes. Also, it takes less than 10 minutes to reach the Saphan Hin Park area. Shops and restaurants are easy to find and inexpensive. The room that I bought has 1 bedroom. It's a great design, beautiful, elegant and very modern. There is a separate area for cooking as well. Furniture is not available, but it is worth it anyway. There are full facilities in the project, including a large swimming pool, parking, fitness center, and security guards for the safety. It's a charming place to live here, I can assure you.
Phuket
Wichit

Neighborhood Overview

Location and Neighborhood

Street View

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