Deal | Sale |
Property type | Apartment |
Project | Andaman Riviera |
Year of completion | 2023 |
Price per sq.m | 169 206 ฿ |
Square, m2 | 34 sq.m |
Floors in the building | 7 |
Bedrooms | 1 |
Baths | 1 |
To the beach, m | 500 |
Distance to airport, km | 18 |
Apartment floor | 3 |
View | |
Relevance of information | 29.02.2024 |
**Elegant Apartments for Premium Holidays**
*Main Features:*
- Type of real estate:Premium condominium.
- Number of buildings:1.
- Number of floors: 7.
- Total number of apartments:163.
- Number of bedrooms:1-4.
- Apartment size: From 33.67 sq.m to 250 sq.m.
- Condition of the object:High degree of readiness, furniture installation.
- Quality of construction and finishing:Advanced engineering and drainage systems, protection of facades from moisture and corrosion, waterproofing of concrete, natural granite and marble in public spaces, noise insulation, seamless panoramic glazing, chlorine-free water filtration system in swimming pools.
An Ideal Investment Complex:
- The concept:Profitable real estate under hotel management.
- Management company: Radisson Hotel Group.
- Investment attractiveness: Residence at an affordable price in a prestigious location, bringing high rental income up to 12% per annum.
- Profitability programs: Rental Pool 70/30.
Call us to make an appointment for the show!
There are several types of real estate ownership in Thailand. The main ones include:
1. Freehold: This is the most attractive type of ownership, which provides full rights to own and dispose of the property. Property can be owned by foreigners in limited cases, such as owning an apartment in a registered building with ownership of up to 49% of the total area.
2. Leasehold: This is the right to lease a property for a specified period, usually 30 years, with the option of extending the contract. Foreigners can own shared ownership of land or real estate on the basis of a long-term lease agreement.
3. Concession Right: This is the right to exploit government land or property for a specified period of time for specified purposes. Concessions may be granted to foreign companies either through leases or special agreements.
4. Land Lease: This is the right to lease land for a long period of up to 30 years with the possibility of extending the contract for another 30 years. Foreigners can rent land on the basis of a long-term lease agreement.
It is important to note that each type of ownership has its own characteristics, requirements and restrictions that should be taken into account before purchasing real estate in Thailand. In case of doubt or misunderstanding, it is recommended to contact a lawyer or real estate specialist for detailed advice.
In Thailand, "leasehold" and "freehold" are two different ways of owning real estate.
1. Leasehold: Leasehold is a form of ownership in which land is owned by the state and real estate is owned by a private individual or organization. The owner has the right to lease the land on a long-term basis, usually for 30 years or more, with the possibility of renewal. Ownership of real estate is carried out on the basis of a lease agreement between the owner of the land and the tenant. The rent may be fixed or variable during the lease term. In practice, it is also possible to resell or transfer the lease right to another person.
2. Freehold: Freehold is a complete form of ownership in which both land and real estate belong finally and completely to the owner. The owner of the property is given full rights to own, use, sell and transfer the property at his own discretion, without restrictions or time limits.
The difference between a leasehold and a freehold is who owns the land. In the case of a leasehold, the land belongs to the state, and the owner receives the right to use for a certain period, with the possibility of renewal. In the case of a freehold, the owner fully owns both the land and the property.
It is important to note that the rules and restrictions regarding leasehold and freehold may vary in different areas of Thailand, and also depend on the type of property (for example, residential house, apartment or commercial property). When purchasing property in Thailand, it is recommended that you obtain professional legal advice and familiarize yourself with the relevant laws and regulations.
FET (Foreign Exchange Transaction Form) is a foreign exchange transaction reporting form required of non-residents (foreign citizens or entities) carrying out certain financial transactions in Thailand.
FET help may be necessary in the following cases:
1. Buying or selling foreign currency in a bank account in Thailand: If you are a foreign citizen or organization and transact foreign currency in your bank account in Thailand, you may be required to provide a FET certificate for reporting to the bank or regulatory authority.
2. Transferring funds from overseas: If you are transferring funds from overseas to or from your Thai bank account outside of Thailand, you may be required to provide a FET certificate to document and record the transaction.
3. Other financial transactions: FET certificate may also be required for other financial transactions involving foreign exchange in Thailand such as purchase of real estate, investments, etc.
The FET certificate is filled out by the bank with which you cooperate and contains information about the amount, date and nature of financial transactions. This certificate is provided to you for future use if you need to confirm completed transactions. Failure to comply with the FET certificate requirements may result in problems with banks or Thai government authorities.
When purchasing real estate in Thailand, the following taxes and fees apply:
1. Government Transfer Fee: This is a mandatory fee that is 2% of the appraised value of the property as stated in the sales contract.
2. Specific Business Tax (SBT): If the seller has owned the property for less than five years, an SBT sales tax may apply, which is 3.3% of the assessed value of the property or the actual sale price, whichever which amount is greater.
3. Income Tax: If the seller owns the property for more than five years and does not pay SBT, then the Income Tax will be 1% of the assessed value or the actual sale price.
4. Registration Fee: This is 1% of the appraised value of the property or the actual sale price. It covers the cost of registering ownership in the land registry.
5. Legal Costs: The cost of a lawyer or real estate agent may be included in the total purchase price.
It is important to note that these taxes and fees are subject to change and it is recommended that you consult a professional or lawyer for the most up-to-date information on tax obligations and expenses when purchasing property in Thailand.
Property insurance in Thailand is the process of entering into an insurance contract that offers protection for your property against various risks such as fire, flood, theft, damage due to natural disasters and others.
There are several companies offering property insurance in Thailand. You can choose an insurer based on the company's reputation, terms offered, insurance rates and other factors.
The main types of property insurance in Thailand include:
1. Fire and Flood Insurance: This type of insurance provides protection against damage resulting from fire or flood. This may include reimbursement for the cost of restoring or repairing damaged property.
2. Theft and Burglary Insurance: This type of insurance provides compensation for losses associated with theft or robbery on your property. It may also include coverage for damage to property during such incidents.
3. Natural Disaster Insurance: This type of insurance provides protection against losses caused by natural disasters such as earthquakes, hurricanes, typhoons, etc. It covers damage caused by physical damage to the property or its loss.
When choosing an insurer and insurance conditions, it is important to take into account the company's reputation, risk coverage, insurance limits, insurance rates and conditions for payment of compensation for losses.
Before concluding an insurance contract, it is recommended to carefully study the terms of insurance, ask questions to the insurer and clarify the details of coverage and insurance exclusions.
We also provide a wide range of property maintenance and after-sales management services to ensure maximum comfort and satisfaction for our clients.
In particular, we offer the following services:
1. Listing of properties on our own website, as well as on popular platforms such as Booking.com and Airbnb. This helps maximize the visibility of your property and attract more potential tenants or guests.
2. Manage bookings and property rentals. We take care of all the work of accepting reservations, interacting with clients, organizing check-in and check-out, as well as cleaning and maintaining the property between guests.
3. Carrying out regular technical inspection and maintenance of real estate. We have a team of professional tradesmen including plumbers, electricians, painters and engineers who carry out inspections and repairs as required. Thus, we ensure the reliability and safety of your property.
4. Financial and payment management. We take care of collecting rent payments from guests, paying for utilities and technical work, and also provide you with regular reports on income and expenses.
5. 24/7 support and advice for you and your tenants or guests. We provide the opportunity to contact us at any time for questions, assistance in case of emergencies or information about local attractions and services.
Our goal is to provide maximum convenience and comfort for you, as well as guarantee the high profitability potential of your property.
The cost of maintaining a property in Thailand may vary depending on various factors such as the size and type of property, its location, services and amenities provided in the complex or area, and other factors. However, below are the main costs that may arise when owning real estate in Thailand:
1. Utilities: This includes payments for water, electricity and gas. Utility bills may vary depending on your consumption and rates set by local providers.
2. General Expenses (Maintenance Fee): In case your property is located in a residential complex, you may be required to pay a monthly maintenance fee. This payment usually includes the costs of managing the complex, maintaining public infrastructure, security, cleaning and other general expenses.
3. Maintenance and Repairs: You may also incur costs for repairs and maintenance of your property. This may include electrical repairs, plumbing repairs, air conditioning cleaning and maintenance, painting, furniture repairs and other work to keep your property in good condition.
4. Property Insurance: As mentioned, insuring your property can be an important expense. Insurance may cover losses from fire, flood, theft and other risks.
5. Property Tax: Property owners in Thailand are also required to pay property tax. The tax rate depends on the value and type of property.
6. Property Management: If you live far from your property or don't want to manage it yourself, you can hire a property management company or agent to keep track of your expenses, maintain and manage your property. In this case, you must take into account the costs of the services of the management company or agent.
Contact local real estate agents or specialists for more detailed information on property maintenance costs in a specific area of Thailand or for a specific property type.
When selling property in Thailand, there are several important factors to consider. Here's some information worth knowing:
1. Ownership: There are various forms of ownership in Thailand, including freehold and leasehold. Special attention should be paid to checking the legal cleanliness of the property and its land plot. It is important to work with reliable legal counsel who can help you understand all aspects of property law.
2. Land and Lease: Foreigners cannot own land in Thailand, but they have the opportunity to rent a plot of land for a long period of time. When selling real estate on a leased land plot, the lease agreement must also be taken into account.
3. Currency: When selling property in Thailand, the price is usually quoted in Thai baht. It is important to consider the current exchange rate when converting the sale amount from Thai Baht to your home currency.
4. Taxes and Fees: When selling real estate in Thailand, taxes and fees may apply. For example, income tax on the sale of real estate or property transfer tax. It is important to be aware of these taxes and plan to include them in the sale price.
5. Legal support: It is recommended to work with a reliable and experienced legal consultant who will monitor the legality of the transaction and help you with the preparation of all necessary documents.
6. Commissions and Expenses: When selling real estate, you may need to pay a real estate agent's commission or escrow agent fee. Take these costs into account when calculating your total selling price.
7. Time period: The process of selling property in Thailand can take some time. Please take this into account when planning and be prepared for some delays.
It is important to turn to professionals to ensure all aspects of selling real estate in Thailand. Always consult with a trusted legal advisor or real estate agent to ensure that all processes are completed legally and safely.
There are many popular apps in use in Thailand, including the following:
1. Line: Line is a popular instant messenger app used in Thailand and other Southeast Asian countries. It provides the ability to communicate via text messages, audio and video calls, and also has various functions such as games and news feeds.
2. Grab: Grab is an application for ordering taxis and motorcycle taxis in Thailand. It allows you to quickly and conveniently call a car or motorcycle for a trip around the city and make online payment.
3. Foodpanda: Foodpanda is a popular app for delivering food from various restaurants and cafes. It allows you to choose dishes from different cuisines and place an order for delivery directly to your door.
4. Lazada: Lazada is one of the most popular online shopping platforms in Thailand. It offers a wide selection of products including electronics, clothing, shoes, cosmetics and more.
5. Shopee: Shopee is another one of the popular online shopping platforms in Thailand. It offers a variety of products, and also has reverse auctions and joint purchases.
6. Wongnai: Wongnai is an application that provides information about restaurants, cafes, bars and other eating places in Thailand. In the application you can find reviews, ratings, photos and other useful information about food places.
7. Agoda: Agoda is a popular app for booking hotels and other accommodations in Thailand and around the world. It offers a wide range of accommodation options with the ability to compare prices and read reviews.
8. AirAsia: AirAsia is an airline app that offers low-cost airfares in Thailand and throughout the Southeast Asia region. The application allows you to search and book tickets, perform online check-in and track your flight status.
Please note that popular applications may change over time, so it is recommended to check the latest information before use.
There are several large banks in Thailand that offer a wide range of banking services. Some of them include:
1. Bangkok Bank (Bangkok Bank) is one of the largest commercial banks in Thailand and offers a wide range of services for both individuals and businesses.
2. Kasikorn Bank - also known as K-Bank, offers a variety of banking services, including bank accounts, credit cards, mortgages and investments.
3. Siam Commercial Bank - also commonly known as SCB, is one of the oldest and most famous banks in Thailand. Offers services for individuals, businesses and foreign clients.
4. Krung Thai Bank is one of the largest state-owned banks in Thailand and provides banking services to a wide range of clients.
5. Bank of Ayudhya - known as Krungsri Bank, is one of the largest banks in Thailand and offers a wide range of services to both individuals and businesses.
These are just some of the main banks in Thailand, and there are other banks such as TMB Bank, CIMB Thai Bank, and United Overseas Bank that also offer various banking services. When choosing a bank in Thailand, it is important to review their terms, fees and reliability ratings, and contact the specific bank for more information about available services.
To open an account in Phuket you will need the following:
1. Passport: You will need your original passport, as well as a copy of its main page and visa page.
2. Visa: Depending on the type of visa you have (tourist, work, etc.), additional documents may be required, such as an invitation to work or a residence card.
3. Proof of Address: You will need to provide proof of your place of residence in Phuket. This could be a copy of the rental agreement, a utility bill, or a letter from the property owner.
4. Other Documents: You may also need to provide additional documents or information depending on the bank you choose. Some banks may require a copy of your Thai SIM card or income/salary certificate.
5. Bank presence: In most cases, you will have to appear in person at the bank to open an account. However, some large banks may offer an online account opening process.
Some of the popular commercial banks in Phuket where you can open an account include Kasikorn Bank, Bangkok Bank, Siam Commercial Bank and Krungsri Bank. Each of these banks has branches and branches throughout the island.
It is recommended that you contact your chosen bank in advance to learn about account opening requirements and procedures as they may change over time.
Some banks in Phuket may offer an online account opening process. For example:
1. Kasikorn Bank: Kasikorn Bank has an online service called K Plus, which allows customers to open an account online. You can download the K Plus app to your smartphone, register and follow the instructions to open an account.
2. Bangkok Bank: Bangkok Bank also offers its customers the opportunity to open an account online through the Bualuang iBanking app. After downloading the application to your smartphone, you can register and follow the instructions to open an account.
3. Siam Commercial Bank: Siam Commercial Bank offers an online application called SCB Easy, which allows customers to open an account and maintain it online. You can download the app to your smartphone, register and open an account without having to visit the bank in person.
It is important to note that the online account opening process may have restrictions and requirements, and these may vary depending on the individual bank. It is recommended that you contact your chosen bank for details about available online services and the account opening process.
When purchasing property in Thailand, you may be faced with a choice between buying a property under construction or a finished property. Here are some main differences between them:
1. Cost: The cost of a property under construction is usually lower than the cost of a completed property because the purchase occurs at an early stage of construction. However, the cost may change as construction progresses.
2. Flexibility: Purchasing a property under construction can give you more flexibility in your choice of layout and finishes. You can have the opportunity to customize the interior, choose materials and design to your liking.
3. Waiting time: When purchasing a ready-made property, you can move into the property almost immediately after the transaction is concluded. Whereas when purchasing a property under construction, you will need to wait until construction is completed, which may take several months or even years.
4. Construction risks: When purchasing a property under construction, there are risks associated with unfinished construction, delays or changes in construction plans. It is necessary to carefully study the reputation of the construction company, check their past experience and completed projects.
5. Taxes and Fees: Depending on the phase of construction, you may incur additional taxes and fees when purchasing a property under construction. For example, a tax on the sale of real estate may arise upon completion of construction.
In general, the choice between a project under construction and a finished one depends on your preferences, time frame and available budget. It is important to conduct thorough research and consult with an attorney or real estate agent to ensure you receive accurate information and make an informed decision.
When renting property in Thailand, you should consider the following main points:
1. Property Type: Determine the type of property you are looking for - apartment, house, villa, etc. Consider your needs and preferences to narrow your search.
2. Leasing term: Check the leasing term with the owner. In Thailand, annual rental contracts are often offered, but sometimes short-term rentals are also available.
3. Price and Security Deposit: It is very important to clearly define the rental price and required security deposit amount before signing the contract. Find out what is included in the price and what additional costs you will need to pay.
4. Lease Agreement: Always sign a formal lease agreement with the property owner. If you do not have experience drafting such an agreement, keep in mind that it is best to consult a professional lawyer or real estate agent to ensure that the agreement is accurate and protects your rights.
5. Read the agreement carefully: Read the lease agreement carefully to make sure that it contains all important terms, such as payment terms, dispute resolution procedures, and other rules.
6. Checking the condition of the property: Before signing the contract, inspect the property and make sure it is in good condition. Record any defects or damage to avoid disputes about refunding deposits for damage that was done before you moved in.
7. Property Ownership: Clarify what is included and allowed to be done with the property. Some property owners do not allow renovations or design changes, so make sure you agree to the terms of use.
8. Living Expenses: Find out what living expenses you will be responsible for. Some properties come with utilities included, while in other cases you will have to pay for them separately.
9. Agent or Landlord Reputation: If you are working with an agent or landlord, check their reputation and reliability. Ask for recommendations or read reviews from other renters.
It is important to remember that these points are not exhaustive and it is recommended that you seek professional advice or assistance from a lawyer or real estate agent to ensure that all necessary requirements are met and your interests are protected when renting a property in Thailand.
Before starting construction in Thailand, the developer must obtain a number of necessary documents and permits. Here are some of them:
1. Construction Permit: The developer must apply for a construction permit to the appropriate municipality or city planning department. The application process will evaluate the building plans, the building's compliance with building codes, and its environmental impact.
2. Land Title Deed: The developer must have ownership or lease rights to the land on which the property will be built. To do this, you must have the appropriate land title.
3. Architectural Plans and Planning Permission: The developer must submit detailed architectural plans for the construction, including building plans, elevations, floor plans and other technical details. To obtain planning permission, these plans must be approved by the relevant authorities.
4. Contracts with Contractors and Suppliers: The developer must have concluded agreements with contractors and suppliers who will build and supply materials for construction.
5. Contracts with buyers: If the developer is selling a property under construction, he must have concluded contracts with buyers, which describe the terms of sale and details of the transfer of the property.
6. Safety and Quality Certificates: The developer must obtain certificates confirming the safety and quality of construction, for example, certificates of compliance of building materials and technical equipment with norms and standards.
It is important to note that procedures and requirements may vary depending on location and type of construction. Before starting construction, the developer should consult with local authorities and specialists to ensure that all necessary permits and documents have been obtained.