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    2 Bedroom Condo for sale at Sugar Palm Residence
    Talat Nuea, Phuket Town,Phuket
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    Sale Price
    £142,000
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    2 Bedroom Condo for sale at Sugar Palm Residence

    (1 Review)
    Talat Nuea, Phuket Town,Phuket
    Unit ID: U1660024
    8% Rental Yield
    2 Bedrooms
    1 Bathroom
    74 SqM Size
    3 Floor
    Apr 2014 Completed
    (1 Review)
    Sale Price
    £142,000
    10

    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 £142,000 (£1,920/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 3 months ago
    Property Type Condo
    Floor 3
    Bedrooms 2
    Size 74 SqM
    Price per SqM £1,920
    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.
    £55/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1660024

    Investment Opportunity: Charges & Yield

    Sale Price
    £142,000
    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.
    £55/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
    • All
    • 1 Bed
    • 2 Beds
    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 £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.
    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

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