2 Bedroom Condo for sale at The Palm Wongamat

(1 Review)
Na Kluea, Pattaya, Chon Buri
Unit ID: U28986
5% Rental Yield
2 Bedrooms
2 Bathrooms
83 SqM Size
9 Floor
Nov 2015 Completed

About This Condo

This property is a 83 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the The Palm Wongamat project in Na Kluea, Pattaya and was completed in Nov 2015. You can buy this condo for a base price of ฿15,500,000 (฿186,747/SqM).

Features

Corner UnitCorner Unit BalconyBalcony Full Western KitchenFull Western Kitchen

Basic Information

Date Listed Jul 10, 2017
Updated 3 years ago
Property Type Condo
Floor 9
Bedrooms 2
Size 83 SqM
Price per SqM ฿186,747
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
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Sea View, Pool 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.
฿4,150/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U28986

Price Analysis

Above Average
Estimated market value ฿11,543,558
Great
฿9,550,000
Good
Fair
Above
฿16,200,000
Current asking Price: ฿15,500,000 | Rental estimate: ฿58,600/mo
This condo is ฿3,956,442 ABOVE MARKET (34%) 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.
฿4,150/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.
22
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 2 bedroom condos at The Palm Wongamat, and the current sales price.
5%

Project Details

Project Name: The Palm Wongamat
Developer: Nova Group
Construction: Completed (Nov 2015)
Floors: 46
Buildings: 2
Units: 544
Project Area: 9,003 SqM
Nearest Landmark Wong Amat Beach - 0.2 Km
Location: Na Kluea, Pattaya
The Palm Wongamat Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Direct Beach Access Direct Beach Access
Reception / Lobby Area Reception / Lobby Area
Pool / Snooker Table Pool / Snooker Table
Communal Garden Area Communal Garden Area
Back Up Generators Back Up Generators
Key card access Key card access

Popular Facilities at The Palm Wongamat

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor
  • Clubhouse
    Ground Floor
  • Communal Garden Area
    2nd Floor
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This condo was reserved by another buyer but check out these similar properties

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฿15,900,000
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Get notified when new homes are being added to The Palm Wongamat
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Frequently Asked Questions

No pets are allowed at The Palm Wongamat 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 ฿4,150 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 Palm Wongamat the required payment for the sinking fund is ฿400 per square meter based on the size of the indoor area of the property.
Wong Amat Beach is the nearest Beach from The Palm Wongamat and it is 0.2 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 The Palm Wongamat 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
฿100,000
1st Installment
Upon contract signing
10%
2nd Installment
On handover
90%

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 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Luxury condo has a private beach close to the condo only 250 meters.
Annis Mauldin, United States, 5 years ago
I choose this condo because Pattaya is known as a Beach town, and we love to visit here every year. The Palm Wongamat is a luxury condo near the beach. We can see the Pattaya Beach view; even my room is only a studio type. There are many reasons why I decided to choose here, whether it will be it’s worth for investment, nice nearby tourist attractions, and a full range of condo’s facilities. There is a communal pool, a gym, and some services with additional charges such as spa, massage, shuttle bus service, etc. The highlight of the condo is the location situated near the condo. I can swim and commune with the sunset view anytime I want.
Pattaya
Na Kluea

Neighborhood Overview

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