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    1 Bedroom Condo for sale at Pearl Condominium
    Rawai, Phuket Town,Phuket
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    Sale Price
    £79,000
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    1 Bedroom Condo for sale at Pearl Condominium

    (1 Review)
    Rawai, Phuket Town,Phuket
    Unit ID: U80862
    7% GUAR. RETURN FOR 3 YEARS
    1 Bedroom
    1 Bathroom
    35 SqM Size
    5 Floor
    Dec 2019 Completed
    (1 Review)
    Sale Price
    £79,000
    Great Price Great Price
    15

    About This Condo

    This property is a 35 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Rawai, Phuket and was completed in Dec 2019. You can buy this condo for a base price of £79,000 (£2,260/SqM).

    Features

    Beach AccessBeach Access Covered ParkingCovered Parking BalconyBalcony Outdoor ShowersOutdoor Showers

    Basic Information

    Date Listed Oct 9, 2019
    Updated 4 years ago
    Property Type Condo
    Floor 5
    Bedroom 1
    Size 35 SqM
    Price per SqM £2,260
    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
    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.
    £47/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U80862

    Investment Opportunity: Charges & Yield

    Sale Price
    £79,000
    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.
    £47/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.
    15
    Guaranteed Rental Return
    7%
    Guarantee Duration
    3 Years

    Project Details

    Project Name: Pearl Condominium
    Developer: N/A
    Construction: Completed (Dec 2019)
    Floors: 8
    Buildings: N/A
    Units: 79
    Project Area: N/A
    Nearest Landmark Rawai Beach - 1.1 Km
    Location: Rawai, Phuket
    Pearl Condominium Project Details

    Project Features

    Hotel Managed Hotel Managed
    Communal Pool Communal Pool
    Communal Gym Communal Gym
    24H Security 24H Security
    Car Parking Car Parking
    Spa Spa
    Reception / Lobby Area Reception / Lobby Area

    Available Units at Pearl Condominium

    • All
    • 1 Bed
    Get notified when new homes are being added to Pearl Condominium
    View All (1)

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    Frequently Asked Questions

    The common area maintenance fee is £1 per square meter based on the size of indoor area of the property and is £47 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 Pearl Condominium the required payment for the sinking fund is £14 per square meter based on the size of the indoor area of the property.
    Pearl Condominium offers a guaranteed rental return of 7% (based on the purchase price of the property) for a duration of 3 Years.
    Read more here.
    Rawai Beach is the nearest Beach from Pearl Condominium 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 Pearl Condominium 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
    Stunning condominium near the famous Andaman
    Arina Petrova, Russia, 4 years ago
    A modern condominium! I rent a condo here - 1 bed and 1 bath. It's about 10,000 baht which is worthwhile for what I get. The bedroom can fit a king-size bed which is soft and comfy, and some space left for moving around. Nice kitchen with complete equipment. From my room, I can see the mountain view and enjoy the shady atmosphere. My room also has a pool view. This condo has a clean infinity-edge pool. Also, there are a gym, a spa and free parking space. Near Phromthep Cape and other attractions in 10 minutes.
    Phuket
    Rawai

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