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    1 Bedroom Condo for sale at Babylon Sky Garden
    Rawai, Phuket Town,Phuket
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    Sale Price
    $161,000
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    1 Bedroom Condo for sale at Babylon Sky Garden
    (2 Reviews)
    Unit ID: U1973407
    7% GUAR. RETURN FOR 3 YEARS
    Tenant-Occupied until Oct 31, 2025
    Rawai, Phuket Town,Phuket
    $161,000
    1 Bedroom
    1
    Bathroom
    618 Sqft
    Size
    4
    Floor
    Sep 2018
    Completed
    12
    Sale Price
    $161,000

    About This Condo

    This property is a 618 Sqft condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Rawai, Phuket and was completed in Sep 2018. You can buy this condo for a base price of $161,000 ($260/Sqft).

    Relax in Style

    401 Babylon Sky Garden has evenything you need from a bolt-hole in the sun. 401 has one of the biggest balconies in the building, plenty of space for four to eat whilst 2 more adults lounge on the sun beds.The rooftop pool is just a few stairs (or elevator) away. Original paintings, very stylish furniture, including an accacia wood table for 4-6. Two large flat screen TV's, one in the lounge, one in the bedroom. The lounge also has a sofa-bed, what more could you ask for? With ceiling fans on the balcony and in each room, this beautiful apartment has a sea-view and feels like the perfect retreat. Not only is this a sound investment, it is producing an income from day one with the current tenants due leased until October 2025.I spent a year setting this place up in 2022, but now it's time for me to go home to the UK so I must let this lovely place go. The beach is a 10 minute walk even for an old man like me, 7-11's everywhere, Rawai beach has a very large number of great restaurants and bars but also has a sleepier, respectable vibe. A condo like this doesn't appear very often, act quickly!

    Features

    TerraceTerrace

    Basic Information

    Date Listed Nov 25, 2024
    Updated 1 month ago
    Property Type Condo
    Floor 4
    Bedroom 1
    Size 618 Sqft
    Price per Sqft $260
    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, Leasehold
    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 Babylon Sky Garden
    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.
    $151/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1973407

    Investment Opportunity: Charges & Yield

    Sale Price
    $161,000
    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.
    $151/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
    Guaranteed Rental Return
    7%
    Guarantee Duration
    3 Years

    Project Details

    Project Name: Babylon Sky Garden
    Developer: Billfishing Phuket Co., Ltd.
    Construction: Completed (Sep 2018)
    Floors: 7
    Buildings: 1
    Units: 41
    Project Area: 20,182 Sqft
    Nearest Landmark Rawai Beach - 0.8 Km
    Location: Rawai, Phuket
    Babylon Sky Garden Project Details

    Project Features

    Hotel Managed Hotel Managed
    Communal Pool Communal Pool
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Reception / Lobby Area Reception / Lobby Area
    Kids Pool Kids Pool
    Communal Garden Area Communal Garden Area

    Popular Facilities at Babylon Sky Garden

    • All
    • Leisure
    8
    • Communal Pool
      1st Floor
    • Communal Garden Area
      Rooftop

    Available Units at Babylon Sky Garden

    For Sale 4 For Rent 10
    • All
    • Studio
    • 1 Bed
    Get notified when new homes are being added to Babylon Sky Garden
    View All (4)

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    Frequently Asked Questions

    No pets are allowed at Babylon Sky Garden 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 $3 per square meter based on the size of indoor area of the property and is $151 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 Babylon Sky Garden the required payment for the sinking fund is $18 per square meter based on the size of the indoor area of the property.
    Babylon Sky Garden offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
    Read more here.
    Rawai Beach is the nearest Beach from Babylon Sky Garden and it is 0.8 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 Babylon Sky Garden 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
    $8,770
    1st Installment
    Signing of the purchase/lease agreement minus Reservation Fee (within 20 days after reservation)
    95%
    2nd Installment
    After 3 months & transfer of ownership
    5%

    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

    4.5 out of 5
    Based on
    2 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    A great time here!
    Vickie Nguyen, United States, 4 years ago
    We have a special time here. We lived on this project for about 2-weeks. It was the most memorable time. There is a new project and a spacious room. Inside, there is a complete set of equipment such as a microwave, hob, and hood. Also a free Wi-Fi service, the internet here is fast. From our room can see the sea view, and we often spend our evenings watching the sunset on the rooftop. There has a swimming pool, bar, and garden service as well. The sunset is stunning, and we are very impressed with the service of the staff. They are helpful, and the location of the project is also great. Close to Rawai beach within walking distance. And the neighborhood of the project is surrounded by community restaurants and convenience stores as well, very impressed
    Suitable for investment
    Emilly Lee, Singapore, 5 years ago
    The condominium in a community area. Clean room well divided into proportions and decorated with fine furniture. There is a small kitchen corner suitable for cooking easy meals, and there is also a dining table for 2 seats. The condo unit on the upper floor and rooftop swimming pool offers a distant sea view. There is also a rental program suitable for investment. The downside of this project is on a community road with many local houses with dogs, and sometimes when you pass by, they will come out and chase you!!!!
    Phuket
    Rawai

    Neighborhood Overview

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