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    1 Bedroom Condo for sale at Cassia Residence Phuket
    Choeng Thale, Thalang,Phuket
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    Sale Price
    $294,000
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    1 Bedroom Condo for sale at Cassia Residence Phuket
    (2 Reviews)
    Unit ID: U1785056
    7% Rental Yield
    Tenant-Occupied until Jul 26, 2025
    Choeng Thale, Thalang,Phuket
    $294,000
    1 Bedroom
    1
    Bathroom
    570 Sqft
    Size
    6
    Floor
    Nov 2019
    Completed
    12
    Sale Price
    $294,000

    About This Condo

    This property is a 570 Sqft condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Choeng Thale, Phuket and was completed in Nov 2019. You can buy this condo for a base price of $294,000 ($516/Sqft).

    Basic Information

    Date Listed Apr 1, 2024
    Updated 7 months ago
    Property Type Condo
    Floor 6
    Bedroom 1
    Size 570 Sqft
    Price per Sqft $516
    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
    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) Lake View
    Unit Type N/A
    Building Building 1
    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.
    N/A
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1785056

    Investment Opportunity: Charges & Yield

    Sale Price
    $294,000
    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.
    13
    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 1 bedroom condos at Cassia Residence Phuket, and the current sales price.
    7%

    Project Details

    Project Name: Cassia Residence Phuket
    Developer: Banyan Group Residences
    Construction: Completed (Nov 2019)
    Floors: 7
    Buildings: 2
    Units: 193
    Project Area: 94,722 Sqft
    Nearest Landmark Bang Tao Beach - 0.6 Km
    Location: Choeng Thale, Phuket
    Cassia Residence Phuket Project Details

    Project Features

    Hotel Managed Hotel Managed
    Communal Pool Communal Pool
    Jacuzzi Jacuzzi
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Spa Spa
    Reception / Lobby Area Reception / Lobby Area
    Co-Working Space / Meeting Room Co-Working Space / Meeting Room
    Party Hall / Group Entertainment Party Hall / Group Entertainment
    Lounge Lounge
    Communal Garden Area Communal Garden Area
    Attached Market / Shops Attached Market / Shops
    Key card access Key card access
    Shuttle Bus Shuttle Bus

    Popular Facilities at Cassia Residence Phuket

    • All
    • Leisure
    3
    • Communal Pool
      Ground Floor
    • Communal Garden Area
      Ground Floor

    Available Units at Cassia Residence Phuket

    For Sale 3 For Rent 15
    • All
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Cassia Residence Phuket
    View All (3)

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    Frequently Asked Questions

    No pets are allowed at Cassia Residence Phuket 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 $0 per square meter based on the plot size of the property and is 0 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 Cassia Residence Phuket the required payment for the sinking fund is $7 per square meter based on the size of the plot size of the property.
    Bang Tao Beach is the nearest Beach from Cassia Residence Phuket and it is 0.6 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 Cassia Residence Phuket you have to follow these steps:

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

     


    Cash Payment
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $2,960
    1st Installment
    Upon contract signing
    20%
    2nd Installment
    On handover
    80%
    Deferred Payment
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $2,960
    1st Installment
    Upon contract signing
    20%
    2nd Installment
    90 days after contract signing
    30%
    3rd Installment
    On handover
    50%

    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

    4.4 out of 5
    Based on
    2 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    LOVE it! Super convenient, family friendly
    Verified Current Resident, 8 months ago
    As with all banyan tree properties, it comes with great services as a free shuttle bus to all Lagoona hotels. There is a foreign supermarket walking distance, a beach with sunbeds and a shower within walking distance, a 50-bath shuttle to the villa market, and a 100-bath shuttle to Patong and Floresta - centers of fun and tourist life. The planning and design is smart (we have 3 bedrooms). i had to make a slight renovation in 2023, but generally super happy with Cassia residence. You have security everywhere and personnel is friendly.
    Wonderful condo with excellent service
    Raquel Stake, Brazil, 5 years ago
    It's one of the condominium projects from Banyan Tree, which makes me satisfied during the holiday. Every time I visit Phuket, I always realize hotels and villas in the Laguna Phuket. There are many various residences to choose from. At this time, I prefer the new condominium called "Cassia Residence Phuket." It is for both living and investing, and we can either rent or buy it. Its location is so beautiful, close to a large lake and Bangtao Beach. Residents can take the shuttle boat service in front of the condo as the boat will collect the guests every 20 minutes. It's very convenient to go to the beach. Also, there a private beach and sunbeds as well. In the Cassia Residence Phuket, there is an excellent service from the staff, including breakfast, lunch, and dinner. They are ready to serve the residents every time. In the evening, we can swim and experience the sunset. It is also very convenient to go to the outside because there is a shuttle bus to the shopping venues and nearby tourist attractions. It is 800 meters close to restaurants, bars, massage and spa shops,
    Phuket
    Choeng Thale

    Neighborhood Overview

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