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    Studio Condo for sale at Splendid Condominium
    Karon, Phuket Town,Phuket
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    Sale Price
    $112,000
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    Studio Condo for sale at Splendid Condominium
    (1 Review)
    Unit ID: U64507
    7% GUAR. RETURN FOR 5 YEARS
    Karon, Phuket Town,Phuket
    $112,000 Great Price
    Studio Bedroom
    1
    Bathroom
    279 Sqft
    Size
    2
    Floor
    Mar 2019
    Completed
    8
    Sale Price
    $112,000
    Great Price

    About This Condo

    This property is a 279 Sqft studio condo with 1 bathroom that is available for sale. It is part of the project in Karon, Phuket and was completed in Mar 2019. You can buy this condo for a base price of $112,000 ($401/Sqft) and it is also available for long term rentals starting from $863 per month.

    A Rare Mix of Luxury & Sophistication: 25.90 SqM Studio Condo

    This unique opportunity is the perfect blend of luxurious comfort and modern sophistication. Set within the exclusive Splendid Condominium project, this 25.90 SqM studio condo is the ideal property for investors and those seeking to make an unforgettable move. Boasting an elegant 1 bathroom, the thoughtfully constructed condo offers a coveted Karon, Phuket address and was recently completed in Mar 2019.As an added bonus, this vibrant condo is available for both sale and long term rental – starting at just ฿30,000 per month. It is presented to the market with a base price of ฿3,885,000 (฿150,000/SqM); a price sure to be increasingly attractive to buyers looking to capitalise on this rare opportunity.Whether your looking to invest or make the ultimate move to the tropics, this 25.90 SqM studio condo is the perfect place to call home. For a chance to own your own piece of paradise, contact the listing agent today and make an enquiry!

    Features

    BalconyBalcony Full Western KitchenFull Western Kitchen MicrowaveMicrowave OvenOven TVTV

    Basic Information

    Date Listed Feb 16, 2018
    Updated 4 years ago
    Property Type Condo
    Floor 2
    Bedroom Studio
    Size 279 Sqft
    Price per Sqft $401
    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, 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.
    Available for $10,100
    View(s) Garden View
    Unit Type STU
    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.
    $45/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U64507

    Investment Opportunity: Charges & Yield

    Sale Price
    $112,000
    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.
    $45/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
    5 Years

    Project Details

    Project Name: Splendid Condominium
    Developer: Kata Sea View Condominium Co., Ltd
    Construction: Completed (Mar 2019)
    Floors: 3
    Buildings: 2
    Units: 27
    Project Area: 17,222 Sqft
    Nearest Landmark Kata Beach - 1.3 Km
    Location: Karon, Phuket
    Splendid Condominium 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
    Reception / Lobby Area Reception / Lobby Area

    Popular Facilities at Splendid Condominium

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

    Available Units at Splendid Condominium

    For Sale 7 For Rent 5
    • All
    • Studio
    • 2 Beds
    Get notified when new homes are being added to Splendid Condominium
    View All (7)

    Loan Calculator

    Payment Plan

    Payment Terms
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $4,320
    1st Installment
    Upon contract signing
    95%
    3rd Installment
    On handover
    5%

    Frequently Asked Questions

    No pets are allowed at Splendid Condominium 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 $45 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 Splendid Condominium the required payment for the sinking fund is $20 per square meter based on the size of the indoor area of the property.
    Splendid Condominium offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 5 Years.
    Read more here.
    Kata Beach is the nearest Beach from Splendid Condominium and it is 1.3 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 Splendid Condominium you have to follow these steps:

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

     


    Payment Terms
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $4,320
    1st Installment
    Upon contract signing
    95%
    3rd Installment
    On handover
    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

    5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Property close to Kata Beach
    Mary Smirnov, Russia, 4 years ago
    If there is a chance to come back to Phuket, I will definitely come back here! Although it was a short time spent on the project, everything was so perfect. The project looks new and clean; the room is in good condition, and the furniture looks quality. The staff was friendly and helpful. There are a swimming pool, fitness center, and free parking for residents. The location is good, close to Kata beach. You can walk or drive in a few mins. The atmosphere around is quiet. It is a great place to relax and is a small project that makes it less crowded. Most of the neighbors are foreigners.
    Phuket
    Karon

    Neighborhood Overview

    Location and Neighborhood

    Street View

    Projects Nearby Splendid Condominium

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    Project Name
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    Project Name
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    ▼ -24% underpriced
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    Project Name
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    Location
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    Number of units
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    Project Name
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    Location
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    Number of units
    145
    Sales Prices
    $81.58K - $157.97K
    ▼ -7.8% underpriced
    Monthly Rentals
    $432 - $921
    Year Built
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    Completion Status
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    Project Name
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    Location
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    Number of units
    N/A
    Sales Prices
    $273.36K - $399.97K
    Monthly Rentals
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    Year Built
    Dec 2010
    Completion Status
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    Location
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    Number of units
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    Sales Prices
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    Monthly Rentals
    N/A
    Year Built
    Jul 2017
    Completion Status
    Completed
    Project Name
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    Location
    Karon, Phuket Town, Phuket
    Number of units
    55
    Sales Prices
    $460.4K - $1.29M
    ▼ -9% underpriced
    Monthly Rentals
    $3.45K - $8.63K
    Year Built
    Oct 2014
    Completion Status
    Completed
    Projects Nearby Splendid Condominium
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    Kata Royal
    Phuket Dream Villa
    Unique Villa Kata
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