Phuket Palace

3.92 (6 Reviews)

Patong, Kathu,Phuket

Unit ID: U217869
6% Rental Yield
฿3,265,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
63 SqM Size
Floors
4 Floor
Construction
Nov 1992 Completed

1 Bedroom Condo for sale at Phuket Palace

This property is a 63 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Phuket Palace project in Patong, Phuket and was completed in Nov 1992. You can buy this condo for a base price of ฿3,265,000 (฿51,825/SqM) and it is also available for long term rentals starting from ฿16,495 per month.

Large Duluxe on Patong Beach

Beautiful condo over looking large private pool and garden. 24\7 security . private parking . Boasts tennis court also. beautiful views of patong. new bathroom, new kingsize bed, two 55" brand new samsung smart TV s on wall.

Features

BeachfrontBeachfront Beach AccessBeach Access OceanfrontOceanfront Ocean AccessOcean Access Private GymPrivate Gym Private LiftPrivate Lift Private PoolPrivate Pool Pool AccessPool Access Rooftop TerraceRooftop Terrace Private GardenPrivate Garden Garden AccessGarden Access TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Wifi IncludedWifi Included Outdoor ShowersOutdoor Showers Fully RenovatedFully Renovated (2021) Renovated BathroomRenovated Bathroom (2021) MicrowaveMicrowave TVTV Cable TVCable TV TruevisionTruevision Gardening IncludedGardening Included Pool Cleaning IncludedPool Cleaning Included

Basic Information

Property Type Condo
Floor 4
Bedroom 1
Size 63 SqM
Price per SqM ฿51,825
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%.

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) Sea View, Mountain View, Pool View, Garden View
Unit Type N/A
Building Phuket Palace
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.
฿3,969/mo
Listed By
Private Owner
Date Listed Oct 13, 2019
Last Updated 2 weeks ago
Unit ID U217869

Investment Opportunity: Charges & Yield

Sale Price
฿3,265,000
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.
฿3,969/mo
Rent
฿16,495/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.
16
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: Phuket Palace
Developer: Phuket Palace
Construction: Completed (Nov 1992)
Floors: 15
Buildings: 1
Units: 168
Project Area: 6,680 SqM
Nearest Landmark Patong Beach - 2.4 Km
Location: Patong, Kathu, Phuket
Phuket Palace Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Cigar Lounge Cigar Lounge
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at Phuket Palace

  • Communal Garden Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

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Get notified when new homes are being added to Phuket Palace

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Frequently asked questions

No pets are allowed at Phuket Palace 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 ฿63 per square meter based on the size of indoor area of the property and is ฿3,969 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.
Patong Beach is the nearest Beach from Phuket Palace and it is 2.4 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 Phuket Palace 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
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Reviews

3.9 out of 5 3.92
Based on
6 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Convenient location near Patong Beach
4 Kimberly Caughey, United Kingdom, 2 years ago
I've stayed here for a month and rented a studio room. The room is provided with many facilities. There is a large outdoor area in the center of the condo with various sunbeds on the ground floor, where I can do sunbathing. It's super convenient. Although the condo looks old, the lobby hall still looks good, and the rental price is acceptable. The location is considered potential, close to Patong Beach, and easily accessible. Moreover, it is close to many restaurants, bars, and entertainment venues. It is very convenient to go everywhere, and it is the best condo for those who want an acceptable priced condo.
I made the right choice of buying here
4 Brad P., Australia, 2 years ago
I made the right choice of buying here. My room is spacious with beautiful decoration, and it also comes with full furniture. In the project, there is a very large swimming pool. It’s located in the prime area, near Patong beach. There are restaurants, a department store, and pubs nearby. For those who want to buy for the investment, it is another interesting option.
Condo in the Patong area
3.5 Fabio Scally, Italy, 3 years ago
The building is a bit run down, but the room is spacious with a full furniture set. The room price is reasonable compared to other condos in the Patong area. There is a large swimming pool in the common area as well. The condo is located in Patong near restaurants and not far from Jungceylon Shopping Mall. It's also close to Bangla Road (Phuket's famous nightlife).
Old condo near Patong Beach
3.2 Felicia Puckett, France, 3 years ago
Many foreigners are living here, and there are many western restaurants around here. So I think this project provides a complete range of facilities than other areas in Phuket. The outdoor area has a large swimming pool, and gardens around the pond, while the rooms are well designed in proportion. It is not too small and has a spacious balcony. However, it is a relatively old condo. It is still strong and always gets maintenance. Moreover, it is about 2 kilometers away from Patong Beach !!
Condo in Patong area surrounded by convenience places
4.5 Ashli Lucio, Italy, 3 years ago
The condo here comprises a large swimming pool in the middle of the condo, surrounded by a beautiful view. Moreover, the condominium itself has an elegant design, looks unique. It also has a large garden where I often go to sit and relax in the afternoons. There is also an on-site parking lot, security system, and 24 hours CCTV. However, the condo is located in Patong's center and close to Karon Beach, which can travel by motorbike. There are also many restaurants around, and if you are bored, you can hang out at Bangla Road. Everything is recommended here.
Calm and cozy
4.3 Genevive Gachet, France, 4 years ago
I'm french, moving here with my dad when I was only 22 years old. I thought I was ready to live in Phuket. My father has many businesses in Patong, and I have visited Phuket many times. After graduating and I took a gap year to visit many places. And I am still very impressed with Phuket. I chose a condo here because it is quiet and private, like I am staying in a resort. Nearly 90% of the residents are foreigners. My room is on the 14th floor, which is high so that I can enjoy the sea view from my room. The place is beautifully decorated with a fully-furnished kitchen, dining table set, and a comfortable bed. The room is in the perfect size for a bachelor like me living alone. The condo's free Wi-Fi is fast, and the common area is complete with large swimming pools, a fitness center, plenty of parking. And I like the security guards very much; they are very friendly.

Phuket

Patong

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