3 Bedroom Villa for sale at The Palm Koh Phangan

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Ko Pha-Ngan, Koh Samui, Surat Thani
Unit ID: U410701
฿6,990,000 ฿7,510,000 Great Price
3 Bedrooms
3 Bathrooms
130 SqM Indoor Area
1 Storeys
12 Months Made To Order

About This Villa

This property is a 130 SqM villa with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the The Palm Koh Phangan project in Ko Pha-Ngan, Koh Samui and will be built within 12 months of purchase. You can buy this villa for a base price of ฿6,990,000 (฿53,769/SqM).

Features

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

Basic Information

Property Type Villa
Storeys 1
Location Ko Pha-Ngan, Surat Thani
Bedrooms 3
Nearest Landmark Baan Tai Beach -18.3 Km
Indoor Area 130 SqM
Price per SqM ฿53,769
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
40 SqM
Plot Size 654 SqM
Villa Ownership

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

Foreign Ownership, Thai Ownership, Company
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.

Thai Ownership, Company
Land Title Deed N/A
Construction Made To Order (12 Months)
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) Park View, Pool View, Garden View
Unit Type 3BR
Parking Spots 1
Pool Size 8m x 4m
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.
฿3,000/mo
Listed By
Developer
Date Listed Mar 4, 2020
Last Updated 7 months ago
Unit ID U410701

Price Analysis

Great Price
Estimated market value ฿12,099,799
Great
฿9,040,000
Good
Fair
Above
฿15,900,000
Current asking Price: ฿6,990,000
This villa is ฿5,109,799 BELOW MARKET (-42%) 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

Sale Price
฿6,990,000
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.
฿3,000/mo

Project Details

Project Name: The Palm Koh Phangan
Developer: N/A
Construction: Made To Order (12 Months)
Units: 16
Project Area: N/A
Nearest Landmark Baan Tai Beach - 18.3 Km
Location: Ko Pha-Ngan, Surat Thani
The Palm Koh Phangan Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at The Palm Koh Phangan

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Payment Plan

Installment Milestone Payment
Deposit
Upon contract signing
10%
1st Installment
Land Transfer
40%
2nd Installment
Foundations Completed
20%
3rd Installment
Roof Structure Completed
20%
4th Installment
Practical Completion
8%
5th Installment
Building Completion & Transfer
3%

Frequently Asked Questions

The common area maintenance fee for properties at The Palm Koh Phangan is a fixed amount of ฿3,000. This amount 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.
Baan Tai Beach is the nearest Beach from The Palm Koh Phangan and it is 18.3 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

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.

#1 - 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. 

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

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

 

Read more here

After you have found the right property at The Palm Koh Phangan you have to follow these steps:

 

  • Unit selection and agreement of terms and conditions 

  • Reservation Agreement

  • Reservation Deposit 

  • Sales and Purchase Agreement

  • 1st Contract Payment 

  • Payment Installments

  • Snag List

  • Transfer

 


Installment Milestone Payment
Deposit
Upon contract signing
10%
1st Installment
Land Transfer
40%
2nd Installment
Foundations Completed
20%
3rd Installment
Roof Structure Completed
20%
4th Installment
Practical Completion
8%
5th Installment
Building Completion & Transfer
3%

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
Ko Pha-Ngan

Neighborhood Overview

Location and Neighborhood

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