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    3 Bedroom Penthouse for sale at The Residence Phuket
    Rawai, Phuket Town,Phuket
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    Sale Price
    £502,000
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    3 Bedroom Penthouse for sale at The Residence Phuket

     (Write Review)
    Rawai, Phuket Town,Phuket
    Unit ID: U1820566
    3 Bedrooms
    4 Bathrooms
    200 SqM Size
    2 Floor
    Aug 2024 Completed
     (Write Review)
    Sale Price
    £502,000
    26

    About This Penthouse

    This property is a 200 SqM penthouse with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the project in Rawai, Phuket and was completed in Aug 2024. You can buy this penthouse for a base price of £502,000 (£2,510/SqM).

    Features

    Private LiftPrivate Lift Wet BarWet Bar Covered ParkingCovered Parking BalconyBalcony BathtubBathtub

    Basic Information

    Date Listed Apr 30, 2024
    Updated 6 months ago
    Property Type Penthouse
    Floor 2
    Bedrooms 3
    Size 200 SqM
    Price per SqM £2,510
    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%.

    Foreign Quota, Thai Quota, Leasehold, Company
    Furniture
    Available for £79,900
    View(s) Mountain View
    Unit Type 3BR
    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.
    £685/mo
    Listed By
    Developer
    Electricity Price Government Rate
    Water Price Government Rate
    Unit ID U1820566

    Investment Opportunity: Charges & Yield

    Sale Price
    £502,000
    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.
    £685/mo

    Project Details

    Project Name: The Residence Phuket
    Developer: The Residence
    Construction: Completed (Aug 2024)
    Floors: 6
    Buildings: 1
    Units: 5
    Project Area: N/A
    Nearest Landmark Rawai Beach - 2.2 Km
    Location: Rawai, Phuket
    The Residence Phuket Project Details

    Project Features

    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Steam Room Steam Room
    Sauna Sauna
    Cycling Track Cycling Track

    Available Units at The Residence Phuket

    • All
    • 2 Beds
    • 3 Beds
    Get notified when new homes are being added to The Residence Phuket
    View All (4)

    Loan Calculator

    Payment Plan

    Installment Milestone Payment
    Reservation Deposit
    Immediately
    10%
    2nd Installment
    Upon contract signing
    40%
    2nd Installment
    On handover
    50%

    Frequently Asked Questions

    No pets are allowed at The Residence Phuket 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 for properties at The Residence Phuket is a fixed amount of £685. This amount 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 The Residence Phuket the required payment for the sinking fund is a fixed amount of £7,990.
    Rawai Beach is the nearest Beach from The Residence Phuket and it is 2.2 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 The Residence Phuket you have to follow these steps:

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

     


    Installment Milestone Payment
    Reservation Deposit
    Immediately
    10%
    2nd Installment
    Upon contract signing
    40%
    2nd Installment
    On handover
    50%

    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

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    Phuket
    Rawai

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