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    1 Bedroom Penthouse for sale at Porch Land 2
    Nong Prue, Pattaya, Chon Buri
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    Sale Price
    ฿2,100,000
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    1 Bedroom Penthouse for sale at Porch Land 2

    (1 Review)
    Unit ID: U68614
    7% Rental Yield
    Nong Prue, Pattaya, Chon Buri
    ฿2,100,000 Great Price
    1 Bedroom
    1
    Bathroom
    50 SqM
    Size
    8
    Floor
    Jun 2012
    Completed
    11
    Sale Price
    ฿2,100,000
    Great Price

    About This Penthouse

    This property is a 50 SqM penthouse with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Nong Prue, Pattaya and was completed in Jun 2012. You can buy this penthouse for a base price of ฿2,100,000 (฿42,000/SqM) and it is also available for long term rentals starting from ฿13,000 per month.

    Features

    BalconyBalcony

    Basic Information

    Date Listed Mar 22, 2018
    Updated 9 months ago
    Property Type Penthouse
    Floor 8
    Bedroom 1
    Size 50 SqM
    Price per SqM ฿42,000
    Pets Not Allowed
    Penthouse 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%.

    Thai Quota
    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) Pool View
    Unit Type N/A
    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.
    ฿500/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U68614

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿2,100,000
    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.
    ฿500/mo
    Rent
    ฿13,000/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.
    13
    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.
    7%

    Project Details

    Project Name: Porch Land 2
    Developer: Madcha Land Development Co., Ltd
    Construction: Completed (Jun 2012)
    Floors: 8
    Buildings: N/A
    Units: 154
    Project Area: N/A
    Nearest Landmark Pattaya Floating Market - 1.1 Km
    Location: Nong Prue, Pattaya
    Porch Land 2 Project Details

    Project Features

    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

    Available Units at Porch Land 2

    For Sale 2 For Rent 2
    • All
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Porch Land 2
    View All (2)

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    Frequently Asked Questions

    The common area maintenance fee is ฿10 per square meter based on the size of indoor area of the property and is ฿500 for this penthouse. 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.
    Pattaya Floating Market is the nearest Market from Porch Land 2 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 Porch Land 2 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
    Good atmosphere, near Jomtien Beach
    Nadine O., Norway, 4 years ago
    The project atmosphere is extremely good. Every area is designed in a resort-style. Despite its proximity to the main road, it provides privacy. It is not crowded because there aren't many units. It can meet the needs of those who want to enjoy privacy. The location is excellent, just 10 minutes away from Jomtien Beach. The project is surrounded by numerous facilities, such as hospitals, department stores, tourist attractions, convenience stores, restaurants, etc. Besides, my one-bedroom unit has a large balcony and a beautiful sea view. The room also has an amazing interior design, and the material is high quality. As for the common area, there are many facilities available, such as a swimming pool, fitness center, saunas, etc. I frequently use it and am very happy.
    Pattaya
    Nong Prue

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