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

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 £509,000 (£2,550/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 £2,550
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 £81,000
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.
£694/mo
Listed By
Developer
Electricity Price Government Rate
Water Price Government Rate
Unit ID U1820566

Investment Opportunity: Charges & Yield

Sale Price
£509,000
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.
£694/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

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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 £694. 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 £8,100.
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

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Phuket
Rawai

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Residence Phuket

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Location
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Location
Rawai, Phuket Town, Phuket
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Number of units
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Location
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Location
Rawai, Phuket Town, Phuket
Number of units
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Monthly Rentals
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Year Built
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Completion Status
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