3 Bedroom House for sale at Panalee 1

(Write Review)

Huai Yai, Pattaya, Chon Buri

Unit ID: U1932170

10% Rental Yield

3 Bedrooms

4 Bathrooms

200 SqM Indoor Area

1 Storeys

Nov 2014 Completed

(Write Review)

Sale Price

฿10,128,000

Street View

About This House

This property is a 200 SqM house with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the Panalee 1 project in Huai Yai, Pattaya and was completed in Nov 2014. You can buy this house for a base price of ฿10,128,000 (฿50,640/SqM).

Features

Wet Bar

Private Pool

Private Garden

Covered Parking

Balcony

Basic Information

Date Listed Sep 11, 2024

Updated N/A

Property Type House

Storeys 1

Location Huai Yai, Pattaya

Bedrooms 3

Nearest Landmark: Na Jomtien Beach -6.7 Km

Indoor Area 200 SqM

Price per SqM ฿50,640

Outdoor Area

N/A

Plot Size 412.80 SqM

Pets All Kind of Pets Allowed

House Ownership

Thai Ownership, Company

Land Ownership

N/A

Land Title Deed N/A

Construction Completed (Nov 2014)

Furniture

Built In

View(s) Pool View, Garden View, Unblocked Open View

Unit Type 3BR

Parking Spots 2

Pool Size N/A

CAM Fee

฿8,256/mo

Listed By

Developer

Electricity Price Government Rate

Water Price Government Rate

Unit ID U1932170

Investment Opportunity: Charges & Yield

Sale Price

฿10,128,000

CAM Fee

฿8,256/mo

Price-to-Rent Ratio

Rental Yield

10%

Project Details

Project Name: Panalee 1

Developer: T-balance Property.,Ltd

Construction: Completed (Nov 2014)

Units: 160

Project Area: 92,800 SqM

Nearest Landmark: Na Jomtien Beach - 6.7 Km

Location: Huai Yai, Pattaya

Panalee 1 Project Details

Project Features

Communal Pool

Communal Gym

Clubhouse

24H Security

CCTV (Video Surveillance)

Indoor Kids Zone

Car Parking

Outdoor Kids Zone

Available Units at Panalee 1

Loan Calculator

Developer Payment Plan

Installment Milestone Payment

Reservation Deposit

Immediately

฿200,000

1st Installment

Upon contract signing

30%

2nd Installment

6 Months Installment

50%

3rd Installment

On handover

20%

Frequently Asked Questions

All kind of pets are allowed at Panalee 1 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.

The common area maintenance fee is ฿20 per square meter based on the plot size of the property and is ฿8,256 for this house. 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.

Na Jomtien Beach is the nearest Beach from Panalee 1 and it is 6.7 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.

After you have found the right property at Panalee 1 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

฿200,000

1st Installment

Upon contract signing

30%

2nd Installment

6 Months Installment

50%

3rd Installment

On handover

20%

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?

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.