Unit ID: U1955761
6% GUAR. RETURN FOR 3 YEARS
Tenant-Occupied until Jun 1, 2025
Patong, Kathu,Phuket
฿6,800,000
1 Bedroom
1
Bathroom
69 SqM
Size
2
Floor
Dec 2014
Completed

About This Condo

This property is a 69 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Patong, Phuket and was completed in Dec 2014. You can buy this condo for a base price of ฿6,800,000 (฿98,551/SqM).

Discounted Modern Sea View Condo at The Privilege Residence

This condo in Kalim offers a fantastic investment opportunity, boasting stunning ocean views and quality amenities. Here’s a concise summary of the key features:
  • Location: The Privilege Residence, North Patong; close to Kalim Beach (200m) and a 5-minute drive to Patong Beach. About 10 minutes from Jungceylon Shopping Mall and a 45-minute drive from Phuket International Airport.
  • Apartment Details:
    • Size: 69 sqm
    • Layout: One bedroom with a walk-in closet, a modern kitchen, living room, terrace with a jacuzzi.
    • Bathroom: Includes a bathtub, separate toilet accessible from both the living area and bathroom.
  • Views: Ocean views from the living room, bedroom, balcony and pool.
  • Price: 6.8 million THB / 202,000 USD (Foreign freehold, fully furnished).
  • Amenities:
    • Fitness center
    • Outdoor swimming pool
    • Sauna
    • Lounge terrace
    • 24-hour security
    • Free private covered parking
    • Free Wi-Fi throughout the residence
This property seems ideal for both personal use and rental investment, given its impressive features and location. If you have further questions or need assistance regarding this property or investment strategies, feel free to ask!

Features

TerraceTerrace Covered ParkingCovered Parking BalconyBalcony TVTV

Basic Information

Date Listed Oct 29, 2024
Updated 4 days ago
Property Type Condo
Floor 2
Bedroom 1
Size 69 SqM
Price per SqM ฿98,551
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
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) Sea View, Mountain View, Unblocked Open View
Unit Type N/A
Building Building B
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.
฿4,140/mo
Listed By
Each listing provided by partnered agents is individually verified by BPP. Partner Agents work for different brokerages or property management companies but have teamed up with BPP so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price N/A
Water Price N/A
Unit ID U1955761

Investment Opportunity: Charges & Yield

Sale Price
฿6,800,000
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.
฿4,140/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.
17
Guaranteed Rental Return
6%
Guarantee Duration
3 Years

Project Details

Project Name: The Privilege
Construction: Completed (Dec 2014)
Floors: 5
Buildings: 4
Units: 49
Project Area: 4,112 SqM
Nearest Landmark Kalim Beach - 0.2 Km
Location: Patong, Phuket
The Privilege Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at The Privilege

  • Communal Pool
    Rooftop
  • Communal Gym
    Ground Floor

Available Units at The Privilege

For Sale 3 For Rent 13
Get notified when new homes are being added to The Privilege
View All (3)

Loan Calculator

Frequently Asked Questions

No pets are allowed at The Privilege 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 ฿60 per square meter based on the size of indoor area of the property and is ฿4,140 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.
The Privilege offers a guaranteed rental return of 6% (based on the purchase price of the property) for a duration of 3 Years.
Read more here.
Kalim Beach is the nearest Beach from The Privilege and it is 0.2 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 Privilege 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

3.3 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The project is near Kalim Beach
Kim Dowler, Canada, 5 years ago
Condos here are available in the hotel section (hotel managed). The staff and services are very good. The common area includes a swimming pool, on-site restaurant, fitness center, and the rooftop has a beautiful viewpoint. The room has a nice spacious balcony and is designed to be proportionate. The bathroom also uses excellent and quality bathtub materials. It is fully furnished. On the downside, I think the gym has little equipment and not enough for the residents. Anyway, getting to the condo is quite confusing because the entrance is very small. The project is near Kalim Beach and about 1 kilometer from Patong Beach.
Phuket
Patong

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Privilege

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
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Year Built
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Location
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Number of units
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▼ -44% underpriced
Monthly Rentals
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Year Built
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Project Name
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Location
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Number of units
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฿55M
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Completion Status
Completed
Location
Patong, Kathu, Phuket
Number of units
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Sales Prices
฿18.6M - ฿32M
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Year Built
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Location
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Number of units
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฿11.9M - ฿19.9M
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Completion Status
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Location
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Number of units
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Completion Status
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Project Name
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Number of units
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Number of units
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Sales Prices
฿12.9M - ฿18M
Monthly Rentals
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Year Built
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Completion Status
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Location
Patong, Kathu, Phuket
Number of units
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Monthly Rentals
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Completion Status
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Project Name
The Unity Patong
Location
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Number of units
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Sales Prices
฿4.99M - ฿10M
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Monthly Rentals
฿25K - ฿111K
Year Built
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Completion Status
Completed
Location
Patong, Kathu, Phuket
Number of units
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Sales Prices
฿2.1M - ฿6.3M
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Monthly Rentals
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Year Built
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Completion Status
Completed
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