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    1 Bedroom Condo for sale at Emerald Bay View
    Maret, Koh Samui, Surat Thani
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    Sale Price
    £87,100
    Schedule Viewing

    1 Bedroom Condo for sale at Emerald Bay View

    (1 Review)
    Maret, Koh Samui, Surat Thani
    Unit ID: U1397444
    13% Rental Yield
    Tenant-Occupied until Jan 7, 2025
    1 Bedroom
    1 Bathroom
    60 SqM Size
    1 Floor
    Jan 2024 Completed
    (1 Review)
    Sale Price
    £87,100
    15

    About This Condo

    This property is a 60 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Maret, Koh Samui and was completed in Jan 2024. You can buy this condo for a base price of £87,100 (£1,450/SqM) and it is also available for long term rentals starting from £917 per month.

    1 bed condo sea view private pool high ROI

    1 BD appartment, newly bult, full furnished. Freehold under thai company

    Features

    BalconyBalcony

    Basic Information

    Date Listed Apr 27, 2023
    Updated 3 months ago
    Property Type Condo
    Floor 1
    Bedroom 1
    Size 60 SqM
    Price per SqM £1,450
    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%.

    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.
    Fully Furnished
    View(s) Partial Sea View, City View
    Unit Type N/A
    Building Phase 1
    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.
    £55/mo
    Listed By
    Private Owner
    Electricity Price Government Rate
    Water Price Government Rate
    Unit ID U1397444

    Investment Opportunity: Charges & Yield

    Sale Price
    £87,100
    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.
    £55/mo
    Rent
    £917/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.
    8
    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.
    13%

    Project Details

    Project Name: Emerald Bay View
    Developer: Premium Construction Co., Ltd.
    Construction: Completed (Jan 2024)
    Floors: 3
    Buildings: 2
    Units: 53
    Project Area: 6,400 SqM
    Nearest Landmark Lamai Beach - 1.3 Km
    Location: Maret, Koh Samui
    Emerald Bay View Project Details

    Project Features

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

    Available Units at Emerald Bay View

    For Sale 7 For Rent 1
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Emerald Bay View
    View All (7)

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    Frequently Asked Questions

    No pets are allowed at Emerald Bay View 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 £1 per square meter based on the size of indoor area of the property and is £55 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 Emerald Bay View the required payment for the sinking fund is £18 per square meter based on the size of the indoor area of the property.
    Lamai Beach is the nearest Beach from Emerald Bay View 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 Emerald Bay View you have to follow these steps:

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

     


    All types
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    10%
    1st Installment
    Upon Starting Work
    25%
    2nd Installment
    Upon Completion of Foundation
    10%
    3rd Installment
    Upon Completion of 1st Floor
    10%
    4th Installment
    Upon Completion of 2nd Floor
    10%
    5th Installment
    Upon Completion of Roof
    10%
    6th Installment
    Upon Completion of Floor & Ceiling
    10%
    7th Installment
    Upon Completion of Electric & Plumbing
    5%
    8th Installment
    Upon Installation of Windows & Kitchen
    5%
    9th Installment
    Upon Completion of Painting Work
    3%
    10th Installment
    On handover
    3%

    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

    4.8 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    It's a very interesting made-to-order villa.
    Luke Wein, Canada, 3 years ago
    This is an interesting made-to-order villa project because it is located on a hill with a sea view of Lamai Beach (It also has apartment units.) The place is quiet and private. There are tourist attractions, shopping centers, and fresh markets nearby. Only 24 units will be built as part of the project, which is not excessive, suitable for living after retirement or vacation. I've reviewed the 3-bedroom unit. The project has a modern design. There are a private pool and furniture packages if you want to decorate by yourself. I think I'll buy it for my retirement in a few years.
    Koh Samui
    Maret

    Neighborhood Overview

    Location and Neighborhood

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