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    Studio House for sale at Palm View Residence
    Pong, Pattaya, Chon Buri
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    Sale Price
    $8,200
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    Studio House for sale at Palm View Residence
     (Write Review)
    Unit ID: U1918188
    26% Rental Yield
    Pong, Pattaya, Chon Buri
    $8,200
    Studio Bedroom
    1
    Bathroom
    226 Sqft
    Indoor Area
    1
    Storeys
    May 2021
    Completed
    9
    Sale Price
    $8,200

    About This House

    This property is a 226 Sqft studio house with 1 bathroom that is available for sale. It is part of the project in Pong, Pattaya and was completed in May 2021. You can buy this house for a base price of $8,200 ($36/Sqft) and it is also available for long term rentals starting from $176 per month.

    This house is perfect for vacation escape, located inside a very quiet natural tropical environment with sunny and warm days, and evenings every day. And it is much cheaper than you can imagine. Perfect for retirees, or singles, that finally can enjoy summer weather for 6 months or longer with no exceptions. Very close access to the bustling city of Pattaya and many tropical sand beaches to explore. This area of Thailand offers the very best and most stable weather, especially during the winter season.European standard and quality. A place to relax and enjoy the fantastic weather in Thailand. It is located inside a tropical resort environment. Very close to the village Pong and Lake Mabrachan where you can enjoy restaurants, 7/11, Tesco Lotus, a local fresh market with very cheap groceries, and many smaller shops. 2 km to Highway 7 and Road 36 will connect you easily to almost everything that Pattaya offers. Minibus to Pattaya north.Now for sale at a highly discounted price, now only 280.000 THB. The normal price is 350.000 THB. NOW promotion: Includes assessories and furniture worth around 80.000. More or less ready to move in. You pay a fee per month, 2700 THB only, for rent of the land and community services.A true opportunity. Land not for sale.

    Features

    TerraceTerrace

    Basic Information

    Date Listed Aug 26, 2024
    Updated 2 months ago
    Property Type House (Single Detached)
    Storeys 1
    Location Pong, Pattaya
    Bedroom Studio
    Nearest Landmark Party Market -1.1 Km
    Indoor Area 226 Sqft
    Price per Sqft $36
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    108 Sqft
    Plot Size 538 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.

    Foreign Ownership, Leasehold
    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.

    Leasehold
    Land Title Deed N/A
    Construction Completed (May 2021)
    Furniture
    Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
    Partly Furnished
    View(s) Garden View
    Unit Type N/A
    Parking Spots 9
    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.
    N/A
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1918188

    Investment Opportunity: Charges & Yield

    Sale Price
    $8,200
    Rent
    $176/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.
    4
    Rental Yield
    This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
    26%

    Project Details

    Project Name: Palm View Residence
    Developer: N/A
    Construction: Completed (May 2010)
    Units: 10
    Project Area: N/A
    Nearest Landmark Party Market - 1.1 Km
    Location: Pong, Pattaya
    Palm View Residence Project Details

    Project Features

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

    Available Units at Palm View Residence

    For Sale 1 For Rent 1
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    • Studio
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    Frequently Asked Questions

    All kind of pets are allowed at Palm View Residence including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    Party Market is the nearest Market from Palm View Residence and it is 1.1 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

    After you have found the right property at Palm View Residence you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer
    Installment Milestone Payment
    1st Installment
    On handover
    100%


    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

    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

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