Studio Condo for sale at The Empire Tower Pattaya

(1 Review)
Nong Prue, Pattaya, Chon Buri
Unit ID: U1884132
7% Rental Yield
Studio Bedroom
1 Bathroom
23 SqM Size
3 Floor
Dec 2023 Completed

About This Condo

This property is a 23 SqM studio condo with 1 bathroom that is available for sale. It is part of the The Empire Tower Pattaya project in Nong Prue, Pattaya and was completed in Dec 2023. You can buy this condo for a base price of ฿2,690,000 (฿116,957/SqM).

Features

Wet BarWet Bar TerraceTerrace BalconyBalcony MicrowaveMicrowave TVTV

Basic Information

Date Listed Jun 25, 2024
Updated 2 years ago
Property Type Condo
Floor 3
Bedroom Studio
Size 23 SqM
Price per SqM ฿116,957
Pets Not Allowed
Condo Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no 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 it is currently below 49%.

Foreign Quota, Thai Quota, Company
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) Skyline View, Mountain View, City View, Unblocked Open View, Sunset, Sunrise View
Unit Type STU
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.
฿1,265/mo
Listed By
Developer
Electricity Price Government Rate
Water Price Government Rate
Unit ID U1884132

Investment Opportunity: Charges & Yield

Sale Price
฿2,690,000
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.
฿1,265/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.
15
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 studio condos at The Empire Tower Pattaya, and the current sales price.
7%

Project Details

Project Name: The Empire Tower Pattaya
Developer: Matrix
Construction: Completed (Dec 2023)
Floors: 24
Buildings: 1
Units: 440
Project Area: 3,116 SqM
Nearest Landmark: Jomtien Beach Central - 0.7 Km
Location: Nong Prue, Pattaya
The Empire Tower Pattaya Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Popular Facilities at The Empire Tower Pattaya

  • Communal Pool
    Rooftop
  • Lounge
    Rooftop

Available Units at The Empire Tower Pattaya

Loan Calculator

Developer Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Down payment
15%
2nd Installment
Installment (until Dec 23)
20%
3rd Installment
On handover
65%
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Down payment
25%
2nd Installment
Installment (until Dec 23)
50%
3rd Installment
On handover
25%

Frequently Asked Questions

No pets are allowed at The Empire Tower Pattaya 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 ฿55 per square meter based on the size of indoor area of the property and is ฿1,265 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 Empire Tower Pattaya the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Jomtien Beach Central is the nearest Beach from The Empire Tower Pattaya and it is 0.7 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.

After you have found the right property at The Empire Tower Pattaya 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
฿50,000
1st Installment
Down payment
15%
2nd Installment
Installment (until Dec 23)
20%
3rd Installment
On handover
65%
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Down payment
25%
2nd Installment
Installment (until Dec 23)
50%
3rd Installment
On handover
25%

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.

Reviews

4.7 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
Great condo
Sally Wong, China, 8 years ago
My husband and I recently traveled to Pattaya city after we haven't been there for a while. We found out that there were big changes, as the city is cleaner and much nicer than before. We just knew that there would be a rapid train station and IconSiam department store shortly. After getting the news, we were interested in having a condo here because I think it could be a nice place to live in the future. We went to see the mock-up room here. The room that we want is a one-bedroom room, not large but functional. Also, it's fully-furnished, so it's just ready to move in. It's a luxurious design, and I remembered when I first came here, and I felt like a princess. The project has many complete facilities, including a swimming pool and a fitness center on a high floor overlooking the sea and something delightful. The condo is located in Pattaya's heart, which isn't far from Jomtien Beach, where you can find many cafes and restaurants. It's another interesting condo. I highly recommend it.
Pattaya
Nong Prue

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Empire Tower Pattaya

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