1 Bedroom Condo for sale at Prime Suites

(1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U673672
6% Rental Yield
1 Bedroom
1 Bathroom
101 SqM Size
7 Floor
May 2009 Completed

About This Condo

This property is a 101 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Prime Suites project in Nong Prue, Pattaya and was completed in May 2009. You can buy this condo for a base price of ฿7,490,000 (฿74,158/SqM) and it is also available for long term rentals starting from ฿40,000 per month.

Features

BalconyBalcony

Basic Information

Date Listed Mar 24, 2021
Updated 3 years ago
Property Type Condo
Floor 7
Bedroom 1
Size 101 SqM
Price per SqM ฿74,158
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%.

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) Garden View
Unit Type N/A
Building Prime Suites
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.
฿5,050/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U673672

Price Analysis

Fair Price
Estimated market value ฿7,192,253
Great
฿4,630,000
Good
Fair
Above
฿10,400,000
Current asking Price: ฿7,490,000 | Advertised rental rate: ฿40,000/mo
This condo is ฿297,747 ABOVE MARKET (4%) in the Pattaya 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
฿7,490,000
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.
฿5,050/mo
Rent
฿40,000/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.
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: Prime Suites
Construction: Completed (May 2009)
Floors: 8
Buildings: 1
Units: 55
Project Area: 2,280 SqM
Nearest Landmark Central Pattaya Beach - 1.6 Km
Location: Nong Prue, Pattaya
Prime Suites Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Co-Working Space / Meeting Room Co-Working Space / Meeting Room

Popular Facilities at Prime Suites

  • Communal Pool
    Ground Floor
  • Communal Gym
    2nd Floor
  • Reception / Lobby Area
    Ground Floor
  • Sauna
    Ground Floor

Available Units at Prime Suites

For Sale 11 For Rent 9
Get notified when new homes are being added to Prime Suites
View All (11)

Loan Calculator

Frequently Asked Questions

No pets are allowed at Prime Suites 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 ฿50 per square meter based on the size of indoor area of the property and is ฿5,050 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.
Central Pattaya Beach is the nearest Beach from Prime Suites and it is 1.6 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 Prime Suites 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

4.2 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
This condo is in a good location in the heart of Pattaya. The room is clean, simple, but elegant.
Susy Pridmore, Germany, 7 years ago
I once traveled to Pattaya, and I decided to rent the condo in this project for six months. My room is a 2-bedroom and 2-bedroom unit. The room is spacious enough for my family to live in, and it also comes at a reasonable price. Plus, the location is superb, making it super convenient to travel anywhere, like shopping malls and convenience stores, Pattaya Walking Street, Central Festival Pattaya Beach, and also near Central Pattaya Beach. The condo has been well-maintained and beautiful even if it was built many years ago. The facilities within the project are great, even if it’s not as luxurious and fancy as other condos. It includes a fully-equipped fitness center. They are always crowded in the evenings and holidays, but I mostly go after work. There will be quite a few parking problems. I have to park your car, and it may take a little longer to find a parking space sometimes.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Prime Suites

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Nong Prue, Pattaya, Chon Buri
Number of units
169
Sales Prices
฿2.4M - ฿3.95M
▼ -33% underpriced
Monthly Rentals
฿13K - ฿20K
Year Built
Apr 2014
Completion Status
Completed
Project Name
Apus
Location
Nong Prue, Pattaya, Chon Buri
Number of units
158
Sales Prices
฿2.75M - ฿12M
▼ -6% underpriced
Monthly Rentals
฿12K - ฿79K
Year Built
Nov 2010
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
N/A
Sales Prices
฿1.7M
▼ -31% underpriced
Monthly Rentals
N/A
Year Built
May 2015
Completion Status
Completed
Project Name
Euro Condo
Location
Nong Prue, Pattaya, Chon Buri
Number of units
88
Sales Prices
฿4M - ฿4.2M
▼ -36% underpriced
Monthly Rentals
฿15K - ฿22K
Year Built
Nov 2010
Completion Status
Completed
Project Name
PKCP Tower
Location
Nong Prue, Pattaya, Chon Buri
Number of units
230
Sales Prices
฿2.4M - ฿7.12M
Monthly Rentals
N/A
Year Built
Dec 2009
Completion Status
Completed
Project Name
9 Karat Condo
Location
Nong Prue, Pattaya, Chon Buri
Number of units
450
Sales Prices
฿1.8M - ฿2.2M
▼ -12.3% underpriced
Monthly Rentals
฿12K
Year Built
Aug 1992
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
79
Sales Prices
฿5.89M - ฿6.29M
▼ -33% underpriced
Monthly Rentals
฿18K
Year Built
Dec 2006
Completion Status
Completed
Project Name
Sabaijai Village
Location
Nong Prue, Pattaya, Chon Buri
Number of units
100
Sales Prices
฿4.7M
▲ 8% overpriced
Monthly Rentals
N/A
Year Built
Dec 2014
Completion Status
Completed
Project Name
Nirun Grand Ville
Location
Nong Prue, Pattaya, Chon Buri
Number of units
1948
Sales Prices
฿900K
▼ -94% underpriced
Monthly Rentals
฿8K
Year Built
May 1994
Completion Status
Completed
Location
Nong Prue, Pattaya, Chon Buri
Number of units
47
Sales Prices
฿2.25M
Monthly Rentals
N/A
Year Built
Jun 2009
Completion Status
Completed
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