Unit ID: U1660024
8% Rental Yield
Talat Nuea, Phuket Town,Phuket
฿6,090,000
2 Bedrooms
1
Bathroom
74 SqM
Size
3
Floor
Apr 2014
Completed

About This Condo

This property is a 74 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the project in Talat Nuea, Phuket and was completed in Apr 2014. You can buy this condo for a base price of ฿6,090,000 (฿82,297/SqM).

Experience refined urban living in this impeccably maintained condo nestled in the heart of Phuket Town. Graced with both a picturesque pool view and captivating mountain vistas, this residence offers a serene retreat. The added advantage of a private parking lot included in the title deed enhances your convenience. Featuring two bedrooms, one bathroom, and a generous 61.47 square meters of space, this condo harmoniously blends comfort and style. Revel in the convenience, stunning views, and well-maintained surroundings that define this remarkable Phuket Town gem.

Features

Corner UnitCorner Unit BalconyBalcony MicrowaveMicrowave TVTV

Basic Information

Date Listed Aug 31, 2023
Updated 1 month ago
Property Type Condo
Floor 3
Bedrooms 2
Size 74 SqM
Price per SqM ฿82,297
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
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
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.
฿2,368/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1660024

Investment Opportunity: Charges & Yield

Sale Price
฿6,090,000
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.
฿2,368/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 based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 2 bedroom condos at Sugar Palm Residence, and the current sales price.
8%

Project Details

Project Name: Sugar Palm Residence
Developer: N/A
Construction: Completed (Apr 2014)
Floors: 11
Buildings: N/A
Units: 270
Project Area: N/A
Nearest Landmark Central Festival Phuket - 1.9 Km
Location: Talat Nuea, Phuket
Sugar Palm Residence 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)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Available Units at Sugar Palm Residence

For Sale 7 For Rent 7
Get notified when new homes are being added to Sugar Palm Residence
View All (7)

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Frequently Asked Questions

No pets are allowed at Sugar Palm Residence 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 ฿32 per square meter based on the size of indoor area of the property and is ฿2,368 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.
Central Festival Phuket is the nearest Shopping Mall from Sugar Palm Residence and it is 1.9 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 Sugar Palm Residence 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

4.7 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
One of the most worthwhile accommodations ever.
James Simon, United Kingdom, 5 years ago
I just checked out from the project yesterday, so I would like to review the place here. It is considered an excellent accommodation in terms of location. Conveniently located in the center of the city, food is easy to find, and pleasant atmosphere. Close to Phuket Chaloem Phrakiat Park for relaxation and famous department stores such as Central Floresta, Central Festival Phuket, and Chaofa Variety Market, and many others. The project’s common area and bedrooms are clean. The infinity pool is beautiful, and inviting to swim in. As for the room, I chose to stay in a 1-bedroom unit, the room size is large, not cramped, and fully furnished. Shame that the sofa is way too small and uncomfortable. Overall, it is suitable for the rental price. It is considered to be one of the most worthwhile accommodations ever.
Phuket
Talat Nuea

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Sugar Palm Residence

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Talat Nuea, Phuket Town, Phuket
Number of units
225
Sales Prices
฿3.5M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
Project Name
Phuket@Town 2
Location
Talat Nuea, Phuket Town, Phuket
Number of units
124
Sales Prices
฿3.9M - ฿6.3M
Monthly Rentals
฿25K
Year Built
Dec 1997
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
N/A
Sales Prices
฿3.99M - ฿39.8M
Monthly Rentals
฿68K
Year Built
Jan 2000
Completion Status
Completed
Location
Wichit, Phuket Town, Phuket
Number of units
884
Sales Prices
฿1.79M - ฿2.89M
▼ -35% underpriced
Monthly Rentals
฿10K - ฿18K
Year Built
Dec 2014
Completion Status
Completed
Project Name
Connext
Location
Talat Nuea, Phuket Town, Phuket
Number of units
361
Sales Prices
฿2.28M - ฿4.29M
▲ 34% overpriced
Monthly Rentals
฿12K - ฿29.9K
Year Built
Nov 2015
Completion Status
Completed
Project Name
The Light
Location
Talat Nuea, Phuket Town, Phuket
Number of units
185
Sales Prices
฿1.69M - ฿4.49M
Monthly Rentals
฿12K - ฿29.9K
Year Built
Dec 2013
Completion Status
Completed
Location
Talat Nuea, Phuket Town, Phuket
Number of units
60
Sales Prices
฿1.69M - ฿2M
▼ -47% underpriced
Monthly Rentals
฿12K - ฿35K
Year Built
Oct 2013
Completion Status
Completed
Location
Talat Yai, Phuket Town, Phuket
Number of units
324
Sales Prices
฿2.99M - ฿4.28M
Monthly Rentals
฿11.5K - ฿50K
Year Built
Dec 2016
Completion Status
Completed
Location
Talat Nuea, Phuket Town, Phuket
Number of units
120
Sales Prices
฿800K - ฿850K
Monthly Rentals
N/A
Year Built
Feb 2005
Completion Status
Completed
Project Name
Chaofa Dowroong
Location
Talat Nuea, Phuket Town, Phuket
Number of units
N/A
Sales Prices
฿6.39M
Monthly Rentals
N/A
Year Built
N/A
Completion Status
Completed
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