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    1 Bedroom Apartment for sale at The Privilege
    Patong, Kathu,Phuket
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    Sale Price
    $173,000
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    1 Bedroom Apartment for sale at The Privilege
    (1 Review)
    Unit ID: U1962363
    6% GUAR. RETURN FOR 3 YEARS
    Patong, Kathu,Phuket
    $173,000
    1 Bedroom
    1
    Bathroom
    753 Sqft
    Size
    1
    Floor
    Dec 2014
    Completed
    18
    Sale Price
    $173,000

    About This Apartment

    This property is a 753 Sqft apartment with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Patong, Phuket and was completed in Dec 2014. You can buy this apartment for a base price of $173,000 ($230/Sqft) and it is also available for long term rentals starting from $1,300 per month.

    Sale or Rent - Luxurious Condo at The Privilege, Patong

    • Size: Spacious 70 m² apartment with Freehold ownership
    • Features: Elegant spa bathroom with a separate shower and toilet, furnished with high-end Siemens appliances (microwave and fridge), and a private balcony with a jacuzzi overlooking the sea
    • Condition: Sold fully furnished, ready for immediate move-in or rental
    al cleaning (2 or 4 times per month). Experience elevated beachfront living with panoramic, unobstructed views at The Privilege, Patong. Perfect for those who value both luxury and natural beauty.

    Features

    TerraceTerrace Wifi IncludedWifi Included MicrowaveMicrowave OvenOven

    Basic Information

    Date Listed Nov 5, 2024
    Updated 1 month ago
    Property Type Apartment
    Floor 1
    Bedroom 1
    Size 753 Sqft
    Price per Sqft $230
    Pets Not Allowed
    Apartment 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, Leasehold, 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) Sea View, Mountain View
    Unit Type N/A
    Building Building B
    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.
    $121/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1962363

    Investment Opportunity: Charges & Yield

    Sale Price
    $173,000
    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.
    $121/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.
    17
    Guaranteed Rental Return
    6%
    Guarantee Duration
    3 Years

    Project Details

    Project Name: The Privilege
    Developer: The Privilegeatbaycliff.co., Ltd.
    Construction: Completed (Dec 2014)
    Floors: 5
    Buildings: 4
    Units: 49
    Project Area: 44,261 Sqft
    Nearest Landmark Kalim Beach - 0.2 Km
    Location: Patong, Phuket
    The Privilege Project Details

    Project Features

    Hotel Managed Hotel Managed
    Communal Pool Communal Pool
    Jacuzzi Jacuzzi
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Steam Room Steam Room
    Sauna Sauna
    Reception / Lobby Area Reception / Lobby Area

    Popular Facilities at The Privilege

    • All
    • Fitness
    • Leisure
    3
    • Communal Pool
      Rooftop
    • Communal Gym
      Ground Floor

    Available Units at The Privilege

    For Sale 4 For Rent 15
    • All
    • 1 Bed
    • 3 Beds
    Get notified when new homes are being added to The Privilege
    View All (4)

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    Frequently Asked Questions

    No pets are allowed at The Privilege 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 $2 per square meter based on the size of indoor area of the property and is $121 for this apartment. 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.
    The Privilege offers a guaranteed rental return of 6% (based on the purchase price of the property) for a duration of 3 Years.
    Read more here.
    Kalim Beach is the nearest Beach from The Privilege and it is 0.2 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.

     

    Read more here

    After you have found the right property at The Privilege you have to follow these steps:

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

     


    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

    Reviews

    3.3 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    The project is near Kalim Beach
    Kim Dowler, Canada, 5 years ago
    Condos here are available in the hotel section (hotel managed). The staff and services are very good. The common area includes a swimming pool, on-site restaurant, fitness center, and the rooftop has a beautiful viewpoint. The room has a nice spacious balcony and is designed to be proportionate. The bathroom also uses excellent and quality bathtub materials. It is fully furnished. On the downside, I think the gym has little equipment and not enough for the residents. Anyway, getting to the condo is quite confusing because the entrance is very small. The project is near Kalim Beach and about 1 kilometer from Patong Beach.
    Phuket
    Patong

    Neighborhood Overview

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