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    2 Bedroom Condo for sale at The Residences Overlooking Layan
    Choeng Thale, Thalang,Phuket
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    Sale Price
    $691,000
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    2 Bedroom Condo for sale at The Residences Overlooking Layan
    (1 Review)
    Unit ID: U18719
    14% Rental Yield
    Choeng Thale, Thalang,Phuket
    $691,000 Great Price
    2 Bedrooms
    2
    Bathrooms
    2,476 Sqft
    Size
    1
    Floor
    Dec 2016
    Completed
    10
    Sale Price
    $691,000
    Great Price

    About This Condo

    This property is a 2,476 Sqft condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Choeng Thale, Phuket and was completed in Dec 2016. You can buy this condo for a base price of $691,000 ($279/Sqft).

    Provocative Luxury: The Residences Overlooking Layan

    Welcome to The Residences Overlooking Layan, the newest premier real estate development offering luxury accommodations in the coveted location of Choeng Thale. This two-bedroom, two-bathroom condominium beckons potential buyers to experience an elevated lifestyle in sunny Phuket, Thailand. Spanning 230 SqM, this pristine property delivers high-end features and finishes that are sure to suit the tastes of even the most discriminating of buyers. This exclusive property has been completed as of December 2016 and requires no additional work – making it the perfect primary or vacation residence.Within this spacious floor plan, buyers can expect to take in stunning views of the tropical paradise that is Phuket. Step inside to find exemplary amenities and an unparalleled sense of style. Delight in soaring, 10-foot ceilings, expansive dual-paned windows that maximize air circulation and bring in soothing, natural light. Neutral tones, finer floor finishes, and opulent fittings grace the interior and make it a pleasure to be in. Be surrounded by the utmost luxury as you are its most fortunate resident.The two bedrooms offer the perfect place for you to reignite a sense of comfort and relaxation. Lush carpets give way to inviting, private living quarters or rental havens. These cozy spaces come fully furnished with luxury amenities and superior-quality linens – all complete with perfectly placed accents that showcase a vibrant, stylish escape.The two bathrooms of this luxurious condominium feature imported porcelain tiles, brushed-nickel fixtures, and superior countertops – making them just as masterful as the rest of the home. Bathe in extravagance as you take in beautiful views of Town & Country's newest project.At The Residences Overlooking Layan, luxurious and spacious condominiums come at an incredible base price of ฿23,000,000 (฿100,000/SqM). With an exquisite location, best-in-

    Features

    Private PoolPrivate Pool TerraceTerrace

    Basic Information

    Date Listed Sep 9, 2022
    Updated 1 year ago
    Property Type Condo
    Floor 1
    Bedrooms 2
    Size 2,476 Sqft
    Price per Sqft $279
    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%.

    Leasehold
    Furniture
    Unfurnished
    View(s) Sea View
    Unit Type 2BR
    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.
    $311/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U18719

    Investment Opportunity: Charges & Yield

    Sale Price
    $691,000
    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.
    $311/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.
    7
    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 2 bedroom condos at The Residences Overlooking Layan, and the current sales price.
    14%

    Project Details

    Project Name: The Residences Overlooking Layan
    Developer: The Villas Overlooking Layan
    Construction: Completed (Dec 2016)
    Floors: 3
    Buildings: 1
    Units: 18
    Project Area: N/A
    Nearest Landmark Layan Beach - 1.1 Km
    Location: Choeng Thale, Phuket
    The Residences Overlooking Layan Project Details

    Project Features

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

    Available Units at The Residences Overlooking Layan

    For Sale 10 For Rent 8
    • All
    • 2 Beds
    • 3 Beds
    • 4 Beds
    Get notified when new homes are being added to The Residences Overlooking Layan
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    Frequently Asked Questions

    No pets are allowed at The Residences Overlooking Layan 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 $1 per square meter based on the size of indoor area of the property and is $311 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.
    Layan Beach is the nearest Beach from The Residences Overlooking Layan and it is 1.1 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 Residences Overlooking Layan 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

    4.5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Villa with splendid view
    Hannah H., Germany, 6 years ago
    I made the right decision to choose this villa. The decorations here are quite luxurious. More importantly, the price is reasonable here compared with other projects nearby. Since the villa is large, it allows me to customize the villa as I wish, and so far, the house is exactly what I want! The highlight of this villa is its balcony, especially when it's sunset. The surrounding atmosphere is just exceptional. As there are small numbers of units, the villa is private. Most of the time, I like to spend time in the villas and chill by the pool. I want to cook for myself because I'm a vegan. For those who want to go out for food, it's not difficult. You can drive less than 10 mins to the laguna area. There are many restaurants, bars, and cafes. Also, this place is not far from the airport. You can drive within 20 minutes only. The project's security guard takes care of us 24 hours a day, so you don't have to worry about safety. It's good for both living and investment. As Phuket is still a touristy place, it might be easy to sell or rent it out.
    Phuket
    Choeng Thale

    Neighborhood Overview

    Location and Neighborhood

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    Projects Nearby The Residences Overlooking Layan

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    Number of units
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    Monthly Rentals
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    Year Built
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    Completion Status
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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Year Built
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    Completion Status
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    Location
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    Number of units
    12
    Sales Prices
    $1.67M
    ▼ -4% underpriced
    Monthly Rentals
    N/A
    Year Built
    Jun 2022
    Completion Status
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    Projects Nearby The Residences Overlooking Layan
    Save
    The Villas By The Big Bamboo
    The Villas Overlooking Layan
    Ocean Hills Phuket
    Cendana Villas Layan
    Aileen Villas Layan Phase 5
    Cohiba Villas
    Walai Layan Phase 1
    Walai Layan Phase 2
    Bamboo Forest
    ISOLA Phuket
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