3 Bedroom Villa for sale at Mali Prestige

(2 Reviews)
Thap Tai, Hua Hin, Prachuap Khiri Khan
Unit ID: U169965
7% Rental Yield
3 Bedrooms
2 Bathrooms
167 SqM Indoor Area
1 Storeys
Dec 2017 Completed

About This Villa

This property is a 167 SqM villa with 3 bedrooms and 2 bathrooms that is available for sale. It is part of the Mali Prestige project in Thap Tai, Hua Hin and was completed in Dec 2017. You can buy this villa for a base price of ฿6,600,000 (฿39,521/SqM).

Features

Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Outdoor SalaOutdoor Sala

Basic Information

Date Listed Aug 20, 2019
Updated 3 years ago
Property Type Villa
Storeys 1
Location Thap Tai, Hua Hin
Bedrooms 3
Nearest Landmark Khao Takiab Beach -6.1 Km
Indoor Area 167 SqM
Price per SqM ฿39,521
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 550 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 (Dec 2017)
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) Pool View, Garden View
Unit Type N/A
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.
฿7,150/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U169965

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.
฿7,150/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.
14
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 3 bedroom villas at Mali Prestige, and the current sales price.
7%

Project Details

Project Name: Mali Prestige
Developer: Orchid Palm Homes
Construction: Completed (Dec 2017)
Units: 84
Project Area: 24,000 SqM
Nearest Landmark Khao Takiab Beach - 6.1 Km
Location: Thap Tai, Hua Hin
Mali Prestige Project Details

Project Features

Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
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Frequently Asked Questions

All kind of pets are allowed at Mali Prestige including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is ฿13 per square meter based on the plot size of the property and is ฿7,150 for this villa. 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.
Khao Takiab Beach is the nearest Beach from Mali Prestige and it is 6.1 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 Mali Prestige 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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Reviews

4.6 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Another beautiful house project suitable for living and renting investment.
Kanokporn Sangpia, Thailand, Visitor, 3 years ago
The location of the project on the secondary road near Sam Phan Nam Floating Market, not crowded, not a community area, not crowded, quiet, private, beautiful mountain view. The project comes with a restaurant and a minimart. Beautiful central area with playground Suitable for families, both long-term stays or vacationing.
Beautiful design and privacy
Louann Bojorquez, Germany, 5 years ago
It's a quality villa. I am impressed with every step that the project has given great attention to detail in my villa design's construction and decoration. Mali Prestige is surrounded by a good society. It is also not far from Hua Hin, beaches, and the shops, which is very convenient to live in. I like the project's atmosphere, so I decided to buy a villa from Mali Prestige, which has been very matched to my needs because the villa is close to nature and provides a high level of privacy. Inside my villa is a modern design and comfort. All rooms in the villa are usable. It is very cost-effective as well as the environment around the project is a very quiet and fresh air atmosphere. It gives a feeling of relief, ideal for relaxation. Besides, I can relax in my own beautiful sized private pool in my spare time as well.
Hua Hin
Thap Tai

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