2 Bedroom Condo for sale at The Orient Resort And Spa

 (Write Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U896660
4% Rental Yield
2 Bedrooms
2 Bathrooms
71 SqM Size
7 Floor
Jan 2019 Completed

About This Condo

This property is a 71 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The Orient Resort And Spa project in Nong Prue, Pattaya and was completed in Jan 2019. You can buy this condo for a base price of ฿5,660,000 (฿79,718/SqM) and it is also available for long term rentals starting from ฿20,000 per month.

Features

BalconyBalcony TVTV

Basic Information

Date Listed May 21, 2021
Updated 2 years ago
Property Type Condo
Floor 7
Bedrooms 2
Size 71 SqM
Price per SqM ฿79,718
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) City 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.
฿3,479/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U896660

Price Analysis

Above Average
Estimated market value ฿5,121,587
Great
฿4,300,000
Good
Fair
Above
฿6,460,000
Current asking Price: ฿5,660,000 | Advertised rental rate: ฿20,000/mo
This condo is ฿538,413 ABOVE MARKET (11%) 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

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.
฿3,479/mo
Rent
฿20,000/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.
24
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.
4%

Project Details

Developer: Matrix
Construction: Completed (Jan 2019)
Floors: 8
Buildings: 4
Units: 526
Project Area: 9,600 SqM
Nearest Landmark Jomtien Beach South - 1.4 Km
Location: Nong Prue, Pattaya
The Orient Resort And Spa Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Spa Spa
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at The Orient Resort And Spa

  • Communal Pool
    1st Floor
  • Communal Gym
    1st Floor
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This condo was reserved by another buyer but check out these similar properties

Available Units at The Orient Resort And Spa

For Sale 15 For Rent 6
Available Units at The Orient Resort And Spa
฿2,290,000
฿65,429/SqM
Beds 1 Beds
Baths 1 Baths
Size 35 SqM Size
Floor 2 Floor
Thai Quota Fully Furnished Pool View
Updated 3 weeks ago
Available Units at The Orient Resort And Spa
฿2,190,000
฿62,571/SqM
Beds 1 Beds
Baths 1 Baths
Size 35 SqM Size
Floor 5 Floor
Fully Furnished City View
Available Units at The Orient Resort And Spa
฿3,090,000
฿88,286/SqM
Beds 1 Beds
Baths 1 Baths
Size 35 SqM Size
Floor 5 Floor
Foreign Quota Fully Furnished City View
Available Units at The Orient Resort And Spa
฿2,200,000
฿62,857/SqM
Beds 1 Beds
Baths 1 Baths
Size 35 SqM Size
Floor 4 Floor
Thai Quota Fully Furnished Pool View
Available Units at The Orient Resort And Spa
฿4,500,000
฿62,500/SqM
Beds 2 Beds
Baths 2 Baths
Size 72 SqM Size
Floor 6 Floor
Foreign Quota Fully Furnished
Available Units at The Orient Resort And Spa
฿3,150,000
฿90,000/SqM
Beds 1 Beds
Baths 1 Baths
Size 35 SqM Size
Floor 7 Floor
Foreign Quota Fully Furnished City View
Available Units at The Orient Resort And Spa
฿2,440,000
฿71,765/SqM
Beds 1 Beds
Baths 1 Baths
Size 34 SqM Size
Floor 4 Floor
Thai Quota
Available Units at The Orient Resort And Spa
฿2,500,000
฿71,429/SqM
Beds 1 Beds
Baths 1 Baths
Size 35 SqM Size
Floor 8 Floor
Foreign Quota Fully Furnished Pool View
Available Units at The Orient Resort And Spa
฿2,650,000฿2,930,000
฿76,812/SqM
Beds 1 Beds
Baths 1 Baths
Size 34.50 SqM Size
Floor 7 Floor
Foreign Quota Fully Furnished Park View
Available Units at The Orient Resort And Spa
฿5,800,000
฿83,936/SqM
Beds 2 Beds
Baths 2 Baths
Size 69.10 SqM Size
Floor Ground Floor Floor
Foreign Quota Fully Furnished Pool View
Available Units at The Orient Resort And Spa
฿2,300,000
฿66,667/SqM
Beds 1 Beds
Baths 1 Baths
Size 34.50 SqM Size
Floor 5 Floor
Thai Quota Fully Furnished Pool View
Available Units at The Orient Resort And Spa
฿2,200,000
฿63,768/SqM
Beds 1 Beds
Baths 1 Baths
Size 34.50 SqM Size
Floor 5 Floor
Thai Quota Fully Furnished Mountain View
Available Units at The Orient Resort And Spa
฿2,600,000
฿72,222/SqM
Beds 1 Beds
Baths 1 Baths
Size 36 SqM Size
Floor 6 Floor
Thai Quota Fully Furnished Pool View
Available Units at The Orient Resort And Spa
฿3,300,000
฿94,286/SqM
Beds 1 Beds
Baths 1 Baths
Size 35 SqM Size
Floor 8 Floor
Available Units at The Orient Resort And Spa
฿4,200,000
฿59,155/SqM
Beds 2 Beds
Baths 2 Baths
Size 71 SqM Size
Floor 4 Floor
Thai Quota Fully Furnished Garden View
Get notified when new homes are being added to The Orient Resort And Spa
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Frequently Asked Questions

No pets are allowed at The Orient Resort And Spa 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 ฿49 per square meter based on the size of indoor area of the property and is ฿3,479 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 The Orient Resort And Spa the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Jomtien Beach South is the nearest Beach from The Orient Resort And Spa and it is 1.4 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 The Orient Resort And Spa you have to follow these steps:

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

 


Installment Milestone Payment
Reservation Deposit
Immediately
฿500,000
1st Installment
On handover
100%

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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Pattaya
Nong Prue

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