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    3 Bedroom House for sale at The Palm Parco
    Nong Prue, Pattaya, Chon Buri
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    Sale Price
    $220,000
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    3 Bedroom House for sale at The Palm Parco
     (Write Review)
    Unit ID: U1944737
    9% Rental Yield
    Nong Prue, Pattaya, Chon Buri
    $220,000
    3 Bedrooms
    4
    Bathrooms
    2,056 Sqft
    Indoor Area
    2
    Storeys
    12 Months
    Made To Order
    22
    Sale Price
    $220,000

    About This House

    This property is a 2,056 Sqft house with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the project in Nong Prue, Pattaya and will be built within 12 months of purchase. You can buy this house for a base price of $220,000 ($107/Sqft).

    Features

    Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen MicrowaveMicrowave OvenOven TVTV

    Basic Information

    Date Listed Oct 7, 2024
    Updated 2 months ago
    Property Type House (Single Detached)
    Storeys 2
    Location Nong Prue, Pattaya
    Bedrooms 3
    Nearest Landmark Ka Ting Lai Beach -4.7 Km
    Indoor Area 2,056 Sqft
    Price per Sqft $107
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    N/A
    Plot Size 653 Sqft
    Pets All Kind of Pets Allowed
    House Ownership

    Foreign nationals can own the building (house) in their own name, but not the land that it stands on.

    Thai Ownership
    Land Ownership

    Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

    Thai Ownership
    Land Title Deed Chanote
    Construction Made To Order (12 Months)
    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) City View, Garden View
    Unit Type N/A
    Parking Spots 2
    Pool Size 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.
    $62/mo
    Listed By
    Private Owner
    Electricity Price Government Rate
    Water Price Government Rate
    Unit ID U1944737

    Investment Opportunity: Charges & Yield

    Sale Price
    $220,000
    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.
    $62/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.
    11
    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 3 bedroom houses at The Palm Parco, and the current sales price.
    9%

    Project Details

    Project Name: The Palm Parco
    Developer: Sahamit Land Development Company Limited
    Construction: Made To Order (12 Months)
    Units: 93
    Project Area: 327,223 Sqft
    Nearest Landmark Ka Ting Lai Beach - 4.7 Km
    Location: Nong Prue, Pattaya
    The Palm Parco Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Indoor Kids Zone Indoor Kids Zone
    Communal Garden Area Communal Garden Area

    Popular Facilities at The Palm Parco

    • All
    • Fitness
    • Leisure
    4
    • Clubhouse
      1st Floor
    • Communal Pool
      1st Floor
    • Communal Garden Area
      1st Floor
    • Communal Gym
      2nd Floor
    • Indoor Kids Zone
      1st Floor
    • Outdoor Kids Zone
      1st Floor

    Available Units at The Palm Parco

    For Sale 2 For Rent 5
    • All
    • 3 Beds
    Get notified when new homes are being added to The Palm Parco
    View All (2)

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    Frequently Asked Questions

    All kind of pets are allowed at The Palm Parco including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee is AED4 per square meter based on the plot size of the property and is AED229 for this house. 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.
    Ka Ting Lai Beach is the nearest Beach from The Palm Parco and it is 4.7 km away.

    The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry, which secures ownership indefinitely of the structure.

    In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

     

    Read more here

    A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.


    Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points:

    • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

    • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

    • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?


    Read more here

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

     

    • - Unit selection and agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - 1st Contract Payment
    • - Payment Installments
    • - Snag List
    • - Transfer

    Type A
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $293
    2nd Installment
    Upon contract signing
    $1,460
    3rd Installment
    18 months installment
    $8,790
    4th Installment
    On handover
    95%
    Type B
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $146
    2nd Installment
    Upon contract signing
    $879
    3rd Installment
    18 months installment
    $4,540
    4th Installment
    On handover
    95%

    Read more here

     

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    Pattaya
    Nong Prue

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