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    1 Bedroom Condo for sale at Phuket Palace
    Patong, Kathu,Phuket
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    Sale Price
    ฿3,600,000
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    1 Bedroom Condo for sale at Phuket Palace
    (6 Reviews)
    Unit ID: U1781614
    14% Rental Yield
    Patong, Kathu,Phuket
    ฿3,600,000
    1 Bedroom
    1
    Bathroom
    55 SqM
    Size
    9
    Floor
    Nov 1992
    Completed
    8
    Sale Price
    ฿3,600,000

    About This Condo

    This property is a 55 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Patong, Phuket and was completed in Nov 1992. You can buy this condo for a base price of ฿3,600,000 (฿65,455/SqM).

    A Prime Condo Investment Opportunity in the Heart of Patong

    Introducing Phuket Palace Patong – a prime condo investment opportunity in the heart of Patong, Phuket's most famous beach destination. This well-maintained condo offers modern comfort and stunning views of the cityscape or the Andaman Sea. Perfect for investors seeking high returns in Phuket's thriving tourism market. Enjoy convenient amenities like a pool and fitness center, all within reach of Patong's vibrant nightlife and pristine beaches. Don't miss out on this chance to own a piece of paradise. Welcome to Phuket Palace Patong.

    Features

    BalconyBalcony Washing MachineWashing Machine TVTV

    Basic Information

    Date Listed Apr 1, 2024
    Updated 7 months ago
    Property Type Condo
    Floor 9
    Bedroom 1
    Size 55 SqM
    Price per SqM ฿65,455
    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
    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) Mountain View, City View, Pool View, Garden View
    Unit Type N/A
    Building Phuket Palace
    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.
    ฿3,465/mo
    Listed By
    Each listing provided by partnered agents is individually verified by SamuiTimes. Partner Agents work for different brokerages or property management companies but have teamed up with SamuiTimes so that we can provide you a wider choice of properties
    Agent / Partner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1781614

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿3,600,000
    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.
    ฿3,465/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 1 bedroom condos at Phuket Palace, and the current sales price.
    14%

    Project Details

    Project Name: Phuket Palace
    Developer: Phuket Palace
    Construction: Completed (Nov 1992)
    Floors: 15
    Buildings: 1
    Units: 168
    Project Area: 6,680 SqM
    Nearest Landmark Patong Beach - 2.4 Km
    Location: Patong, Phuket
    Phuket Palace Project Details

    Project Features

    Hotel Managed Hotel Managed
    On Site Restaurant On Site Restaurant
    Communal Pool Communal Pool
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Reception / Lobby Area Reception / Lobby Area
    Cigar Lounge Cigar Lounge
    Communal Garden Area Communal Garden Area
    Key card access Key card access

    Popular Facilities at Phuket Palace

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

    Available Units at Phuket Palace

    For Sale 8 For Rent 21
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Phuket Palace
    View All (8)

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    Frequently Asked Questions

    No pets are allowed at Phuket Palace 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 ฿63 per square meter based on the size of indoor area of the property and is ฿3,465 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.
    Patong Beach is the nearest Beach from Phuket Palace and it is 2.4 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 Phuket Palace 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

    3.9 out of 5
    Based on
    6 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Convenient location near Patong Beach
    Kimberly Caughey, United Kingdom, 5 years ago
    I've stayed here for a month and rented a studio room. The room is provided with many facilities. There is a large outdoor area in the center of the condo with various sunbeds on the ground floor, where I can do sunbathing. It's super convenient. Although the condo looks old, the lobby hall still looks good, and the rental price is acceptable. The location is considered potential, close to Patong Beach, and easily accessible. Moreover, it is close to many restaurants, bars, and entertainment venues. It is very convenient to go everywhere, and it is the best condo for those who want an acceptable priced condo.
    I made the right choice of buying here
    Brad P., Australia, 5 years ago
    I made the right choice of buying here. My room is spacious with beautiful decoration, and it also comes with full furniture. In the project, there is a very large swimming pool. It’s located in the prime area, near Patong beach. There are restaurants, a department store, and pubs nearby. For those who want to buy for the investment, it is another interesting option.
    Condo in the Patong area
    Fabio Scally, Italy, 6 years ago
    The building is a bit run down, but the room is spacious with a full furniture set. The room price is reasonable compared to other condos in the Patong area. There is a large swimming pool in the common area as well. The condo is located in Patong near restaurants and not far from Jungceylon Shopping Mall. It's also close to Bangla Road (Phuket's famous nightlife).
    Old condo near Patong Beach
    Felicia Puckett, France, 6 years ago
    Many foreigners are living here, and there are many western restaurants around here. So I think this project provides a complete range of facilities than other areas in Phuket. The outdoor area has a large swimming pool, and gardens around the pond, while the rooms are well designed in proportion. It is not too small and has a spacious balcony. However, it is a relatively old condo. It is still strong and always gets maintenance. Moreover, it is about 2 kilometers away from Patong Beach !!
    Condo in Patong area surrounded by convenience places
    Ashli Lucio, Italy, 6 years ago
    The condo here comprises a large swimming pool in the middle of the condo, surrounded by a beautiful view. Moreover, the condominium itself has an elegant design, looks unique. It also has a large garden where I often go to sit and relax in the afternoons. There is also an on-site parking lot, security system, and 24 hours CCTV. However, the condo is located in Patong's center and close to Karon Beach, which can travel by motorbike. There are also many restaurants around, and if you are bored, you can hang out at Bangla Road. Everything is recommended here.
    Calm and cozy
    Genevive Gachet, France, 7 years ago
    I'm french, moving here with my dad when I was only 22 years old. I thought I was ready to live in Phuket. My father has many businesses in Patong, and I have visited Phuket many times. After graduating and I took a gap year to visit many places. And I am still very impressed with Phuket. I chose a condo here because it is quiet and private, like I am staying in a resort. Nearly 90% of the residents are foreigners. My room is on the 14th floor, which is high so that I can enjoy the sea view from my room. The place is beautifully decorated with a fully-furnished kitchen, dining table set, and a comfortable bed. The room is in the perfect size for a bachelor like me living alone. The condo's free Wi-Fi is fast, and the common area is complete with large swimming pools, a fitness center, plenty of parking. And I like the security guards very much; they are very friendly.
    Phuket
    Patong

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