The Proud Condominium

4.17 (1 Review)

Rawai, Phuket Town,Phuket

Unit ID: U40126
8% GUARANTEED RETURN FOR 3 YEARS
฿3,714,685
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
35.36 SqM Size
Floors
4 Floor
Construction
May 2020 Completed

1 Bedroom Condo for sale at The Proud Condominium

This property is a 35.36 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Proud Condominium project in Rawai, Phuket and was completed in May 2020. You can buy this condo for a base price of ฿3,714,685 (฿105,053/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 4
Size 35.36 SqM
Price per SqM ฿105,053
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
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
Unit Type 1BR Deluxe
Building N/A
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,768/mo
Listed By
Developer
Date Listed Nov 16, 2017
Last Updated 10 months ago
Unit ID U40126

Project Details

Project Name: The Proud Condominium
Developer: The Proud
Construction: Completed (May 2020)
Floors: 5
Buildings: N/A
Units: 48
Project Area: N/A
Location: Rawai, Phuket Town, Phuket
The Proud Condominium 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 CCTV (Video Surveillance) CCTV (Video Surveillance) Car Parking Car Parking Steam Room Steam Room Reception Lobby Area Reception Lobby Area

Available Units at The Proud Condominium

  • All
  • 1 Bed
  • 2 Beds
  • Price & Availability Last Updated: Mar 2, 2020
  • Common Area Maintenance Fee
    These fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
    ฿50/SqM
  • Sinking Fund
    For a new condominium project, 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 ultimately, its value in the future.
    ฿500/SqM
  • Freehold Premium
    Developments that are popular with overseas buyers usually sell their foreign freehold quota units first. This higher demand is being reflected in the unit prices via the freehold premium.
    ฿150,000

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿150,000
1st Installment
Upon contract signing
35%
2nd Installment
upon completion of foundation
15%
3rd Installment
upon completion of concrete structure work
15%
4th Installment
upon completion of finished wall and roof top
15%
5th Installment
upon completion
10%
6th Installment
On handover
10%

Frequently asked questions

The common area maintenance fee at The Proud Condominium is ฿50 per square meter based on the size of the indoor area of the property. This fee has to be paid every month 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 The Proud Condominium the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
The Proud Condominium offers a guaranteed rental return of 8% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Phromthep Cape is the nearest Tourist Attraction from The Proud Condominium and it is 2.5 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 The Proud 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

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Reviews

Write a review
Maintenance
4
Staff / Security
4
Facilities on Site
4
Quality of Finishing
4
Value for Money
5
Location
4
Nice small condo to live in
4.2 Ariane Stlawrence, Mexico, 1 year ago
It's a small quality project. The prices are reasonable, and the project location is situated near Rawai Beach. There is a shuttle bus service to Nai Harn Beach, which we don't need to walk at all and take time to have a rest. My room is a 1-bedroom and 1 bathroom. The interior is spacious and fully furnished, decorated with bright colors of white and brown. When it is exposed to daylight, it gives a warm sense and is not too hot. The windows and balcony doors can be opened and closed. The breezes and sunlight reach my room and make my room more pleasant. There is a communal pool with sunbeds and a small bar on the rooftop to comfortably enjoy the evening atmosphere. The on-site is beautifully designed as well. Besides, the security system is good, and the guards are cute, who always there to serve. Overall, it is an ideal project for people who like to travel to the beach and peace. This project meets the needs of our lives perfectly and close to the beach. For those who are looking for this kind of condo, you can visit the sales gallery here.

Phuket

Rawai

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