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    4 Bedroom House for sale at Reservoir Town
    Nong Prue, Pattaya, Chon Buri
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    Sale Price
    ₿5.837
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    4 Bedroom House for sale at Reservoir Town

     (Write Review)
    Nong Prue, Pattaya, Chon Buri
    Unit ID: U1867238
    4 Bedrooms
    4 Bathrooms
    3,208 Sqft Indoor Area
    1 Storeys
    Aug 2024 Completed
     (Write Review)
    Sale Price
    ₿5.837
    11

    About This House

    This property is a 3,208 Sqft house with 4 bedrooms and 4 bathrooms that is available for sale. It is part of the Reservoir Town project in Nong Prue, Pattaya and was completed in Aug 2024. You can buy this house for a base price of ₿5.837 (₿0.002/Sqft).

    Basic Information

    Date Listed Jun 11, 2024
    Updated 3 weeks ago
    Property Type House
    Storeys 1
    Location Nong Prue, Pattaya
    Bedrooms 4
    Nearest Landmark Na Jomtien Beach -6.2 Km
    Indoor Area 3,208 Sqft
    Price per Sqft ₿0.002
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    125 Sqft
    Plot Size 3,315 Sqft
    Pets Not Allowed
    House Ownership

    Foreign nationals can own the building (house) in their own name but not the land that it stands on.

    N/A
    Land Ownership

    Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

    N/A
    Land Title Deed N/A
    Construction Completed (Aug 2024)
    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) N/A
    Unit Type N/A
    Parking Spots 2
    Pool Size 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.
    ₿0.005/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1867238

    Investment Opportunity: Charges & Yield

    Sale Price
    ₿5.837
    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.
    ₿0.005/mo

    Project Details

    Project Name: Reservoir Town
    Developer: Madcha Land Development Co., Ltd
    Construction: Completed (Dec 2023)
    Units: 16
    Project Area: 32 Sqft
    Nearest Landmark Na Jomtien Beach - 6.2 Km
    Location: Nong Prue, Pattaya
    Reservoir Town Project Details

    Project Features

    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking

    Available Units at Reservoir Town

    • All
    • 3 Beds
    • 4 Beds
    Get notified when new homes are being added to Reservoir Town
    View All (5)

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    Frequently Asked Questions

    No pets are allowed at Reservoir Town 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 ₿0 per square meter based on the plot size of the property and is ₿0.005 for this house. 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.
    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 Reservoir Town the required payment for the sinking fund is ₿0 per square meter based on the size of the plot size of the property.
    Na Jomtien Beach is the nearest Beach from Reservoir Town and it is 6.2 km away.

    The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

    In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

     

    Read more here

    After you have found the right property at Reservoir Town you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer
    Installment Milestone Payment
    1st Installment
    Upon contract signing
    30%
    2nd Installment
    On handover
    70%


    Read more here

    A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

    Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

    • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

    • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

    • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

    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

    Sale Price : ฿5,759,000
    FazWaz Estimate : ฿5,550,000
    Price Rating : Great Price
    Sale Price : ฿12,140,999
    FazWaz Estimate : ฿11,990,999
    Price Rating : Great Price
    Sale Price : ฿1299,999
    FazWaz Estimate : ฿179,999
    Price Rating : Overpriced
    Sale Price : ฿159,999
    FazWaz Estimate : ฿149,999
    Price Rating : Fair Price

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    Pattaya
    Nong Prue

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