2 Bedroom Villa for sale at Spirit of Karma

 (Write Review)
Bo Phut, Koh Samui, Surat Thani
Unit ID: U1033144
2 Bedrooms
2 Bathrooms
140.50 SqM Indoor Area
1 Storeys
Aug 2023 Completed

About This Villa

This property is a 140.50 SqM villa with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Spirit of Karma project in Bo Phut, Koh Samui and was completed in Aug 2023. You can buy this villa for a base price of ฿10,500,000 (฿74,733/SqM).

Features

Beach AccessBeach Access Private PoolPrivate Pool Garden AccessGarden Access TerraceTerrace

Basic Information

Date Listed Jan 3, 2023
Updated 9 months ago
Property Type Villa (Single Detached)
Storeys 1
Location Bo Phut, Koh Samui
Bedrooms 2
Nearest Landmark Bophut Beach -0.1 Km
Indoor Area 140.50 SqM
Price per SqM ฿74,733
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
69.38 SqM
Plot Size 220 SqM
Pets Not Allowed
Villa Ownership

Foreign nationals can own the building (villa) in their own name but not the land that it stands on.

Leasehold
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Leasehold
Land Title Deed N/A
Construction Completed (Aug 2023)
Furniture
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Built In
View(s) Garden View
Unit Type Villa Jogglo
Parking Spots N/A
Pool Size 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.
N/A
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U1033144

Price Analysis

Above Average
Estimated market value ฿9,636,530
Great
฿9,330,000
Good
Fair
Above
฿10,900,000
Current asking Price: ฿10,500,000
This villa is ฿863,470 ABOVE MARKET (9%) in the Koh Samui area. It is analyzed against similar villas 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

Project Details

Project Name: Spirit of Karma
Construction: Completed (Aug 2023)
Units: 13
Project Area: 4,800 SqM
Nearest Landmark Bophut Beach - 0.1 Km
Location: Bo Phut, Koh Samui
Spirit of Karma Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
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Frequently Asked Questions

No pets are allowed at Spirit of Karma unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Bophut Beach is the nearest Beach from Spirit of Karma and it is 0.1 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at Spirit of Karma you have to follow these steps:

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


Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

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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Koh Samui
Bo Phut

Neighborhood Overview

Location and Neighborhood

Street View

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