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1 bedroom apartment for sale

Thailand - Pattaya

£52,100

like this property?

Call: 0066904187110

Key features:

  • 1 bathroom(s)
  • Condition: Excellent
  • Floor space: 35
  • Communal pool
  • Communal garden
  • Garage
  • Sea view
  • Distance from the sea: Walking
  • Distance from an airport: 1.5 hours
  • Distance from a golf course: 15 mins

Full description:

From the developer of the award-winning The Palm comes the latest five-star development in Pattayas most exclusive area Wongamat Beach in the form of The Riviera.

The Riviera Wongamat Beach consists 979 apartments spread between two towers of 43 and 40 storeys and is located on a large plot on Soi 16 in Wongamat. The large size of the plot allows for a larger proportion of green areas and facilities than are usual in Pattayas most upmarket neighbourhood, including a huge lagoon pool that flows throughout the complex surely offering the largest surface area of pools in the area. This huge lagoon pool is just one of a whole host of facilities on this world class development. For those preferring to swim with a view of the magnificent skyline of Pattaya City before them, there are also additional infinity pools on the 24th floor of the towers. In summary, there are few developments in Pattaya which can rival the amount of on-site entertainment options which are available at The Riviera.

What makes The Riviera really special though are the sea views which are available from over 95% of the apartments located in the two towers. With only the low-rise Ananya complex between The Riviera and the sea, which is a mere 250m from here, the views to the west towards Koh Larn island are excellent. With no other high rise buildings close to the development, there are also excellent views to both the north and north-east, where owners get to enjoy not only sea views, but also the famous Sanctuary of Truth carved wooden temple which is surrounded by beautiful green parkland.

Those wishing to swim in the sea rather than the many different pools on offer at The Riviera will appreciate the fact that the development is located just two minutes walk from Wongamat Beach widely acknowledged as being one of the best beaches in the Pattaya area. And for those who prefer nightlife to beach life, all of Pattayas major attractions are just ten minutes away from The Rivieras location.

Despite the fact that Soi 16 in Wongamat is widely considered to be Pattaya Millionaires Row due to the fact that many of Pattayas leading five-star hotels are within easy walking distance of here, the pre-launch prices at The Riviera are surprisingly well-priced in comparison with the other options in the area, with 27m2 studios starting at under THB 2.5 million.

Buyers here have a wide variety of unit sizes to choose from ranging from modestly prices studios through to sumptuous penthouses and so there is sure to be a unit size here which meets with all your needs. There is also the opportunity to combine units in order to create larger apartments.

Plots in Wongamat of this size and quality are few and far between these days and few developments in Pattaya can match The Riviera in terms of the quality and quantity that this development is able to offer. The Riviera is, therefore, one of the best projects to be launched in the city in 2013 and is an ideal purchase no matter whether you are looking at a short-term investment to sell prior to completion, to keep and obtain high rentals incomes in what is most definitely Pattayas most desirable area, or simply as a beautiful home for you and your family to enjoy.


KEY FEATURES:

- Close to Beach
- Panoramic Sea Views
- Rooftop Swimming Pools
- Playground
- Roof Terrace
- Fitness Centre
- Jacuzzi
- Games Room
- Gardens
- Restaurant
- 24-hour Security
- Reception
- Underground Parking


PRICE RANGE:

- Studio Min: 27m2 - TB 2,264,200
- Studio Max: 31m2 - TB 3,720,465

- 1 Bed Min: 35m2 - TB 2,795,100
- 1 Bed Max: 50m2 - TB 5,400,675

- 2 Bed Min: 70m2 - TB 5,590,200
- 2 Bed Max: 70m2 - TB 6,274,800


PAYMENT PLAN:

- Reservation Fee: TB 50,000
- Contract Deposit: 15% (within 10 days)
- Interim Payments: 35% / 30 months
- Handover: 50%


EXTRA FEES:

- Maintenance Fee: TB 50 / per m2 / per month
- Sinking Fund: TB 500 / per m2 / one time
- Transfer Tax: 1%
- Water & Electric Meter: Buyer Responsible


COMPLETION:

- 2017

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Suvarnabhumi (International), 45.8 miles
  • Don Mueang (International), 64.1 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Bangkok Thai Real Estate Co. Ltd, Pattaya

383/2 Moo 12 Sukhumvit Road Nongprue Banglamung Chonburi 20150
0066904187110
About Bangkok Thai Real Estate Co. Ltd, Pattaya

The Number One Choice for Investors

Thailand*s capital city, Bangkok, currently offers an excellent investment opportunity for anyone looking for fast capital appreciation and reliable rental returns.

Compared to other key Asian cities such as Hong Kong, Singapore, Tokyo, Shanghai, Beijing or Kuala Lumpur, prices in Bangkok are currently very low 每 with an average price of just $5,000/m2. This compares favourably to Beijing at $9,500/m2, Singapore at $24,500 and Hong Kong at $31,000/m2. However, such is the strength of the market in Bangkok that prices are guaranteed to not stay this low for much longer. In year to the end of March 2013, prices of condominiums in Bangkok rose by a remarkable 9.39%, making Bangkok one of the fastest-increasing markets in South East Asia.

Due to the country*s fast economic growth, forecasters predict that the property boom in Bangkok is still at the beginning as the economy continues to increase at levels faster than neighbouring countries, with the country*s GDP increasing by 6.44% in 2012. This means that the economy in Thailand is developing at a faster rate than any other country in Asia apart from China and the Philippines. Described by the World Bank as ※one of the greatest development success stories§ for its progress in social and economic development, the country remains on an upward trajectory.

The constantly improving economy has led to the rapid increase of the middle class in Thailand, who are spending their new-found wealth in upgrading their accommodation. This, in turn, has led to the fast increases in prices for condominiums, especially those located in prime positions within the city centre, where few good building plots remain.

The expansion of Bangkok*s Skytrain network is fueling the city*s real estate boom.
The expansion of Bangkok*s Skytrain network is fueling the city*s real estate boom.
The upwards trajectory of Bangkok*s property prices are set to increase still further when the ASEAN Economic Community which offers tariff-free trade and visa-free travel between all member countries comes into effect at the end of 2015. Due to Thailand*s position right in the centre of the ASEAN region 每 at its very crossroads 每 Thailand is expected to benefit more from the introduction of the new trading zone than most of the other member nations.

Much of the activity in the real estate market is centred around developments located within easy reach of stations on Bangkok*s mass transit system, which now makes it easy to navigate the often heavily-congested streets of Thailand*s capital city. The network, which comprises the underground, Skytrain, bus and rail networks, is seeing massive expansion over the next few years with the number of lines increasing from eight to 15. As new stations are announced, so new areas of the city become attractive areas to live.

According to research published by Global Property Guide in April 2013, rental yields in Bangkok range from 3.97% to 7.41%. This makes Bangkok the third best-performing capital city in East Asia after Manila and Jakarta 每 another sign that there is still plenty of capital appreciation left in the market for condominiums.

Smaller apartments earn much higher rental yields than bigger apartments. A 50m2 apartment in Bangkok*s central location earns good rental yields at 7.41%, while a 375m2 apartment also centrally located, earns poor rental yields at 3.97%.

The rental yields from medium-sized apartments are also good. An 80m2 apartment earns moderate to good rental yields at 6.86%, higher than 2011∩s figure of 6.60%. The same can be said about 120m2 apartments, where rental yields have increased to 6.53% from 6.49% the previous year.

Currently foreign buyers make up a relatively small proportion of the total market for condominiums in Bangkok, but this situation is changing fast as well-informed investors realize that there is little growth left in most of the key Asian cities and begin to look further afield to see good returns on their investments.

A Perfect Location for a Second Home

Bangkok attracts not only investors 每 it also attracts foreigners looking for a second home in a vibrant and affordable city, in a country which is well-known for the warm welcome by the country*s friendly and hospitable people. That*s the reason why Thailand is known around the world as &The Land of Smiles*!

Bangkok's shopping malls, climate, cuisine and nightlife make it a Mecca for tourists.
Bangkok*s shopping malls, climate, cuisine and nightlife make it a Mecca for tourists.
The city is now a highly cosmopolitan one which welcomes visitors from all over the globe. Visitors are attracted not only by the legendary Thai hospitality, but also its world-famous cuisine, year-round warm and pleasant tropical climate, thrilling nightlife opportunities, low-cost shopping in the city*s many large, modern shopping malls and beautiful temples and other tourist attractions. English is widely spoken in the city and Bangkok also has a sizable Thai-Chinese population.

With its modern Suvarnabhumi International Airport, Bangkok has become one of Asia*s main transport hubs. In fact, a recent survey conducted by MasterCard found Bangkok International to have recently overtaken London*s Heathrow as the world*s busiest international airport. Tourist numbers to the city are increasing rapidly 每 visitor numbers were up 18.6% year-on-year in the first quarter of 2013. Much of this increase came from China, where over 2 million tourists arrived in the first half of 2013 alone, an increase of 95.06% over the same period in 2012. Chinese visitors are now by far the most numerous visitors to Thailand, accounting for 21% of all international arrivals.

There are also increasing visitor numbers to the city from the Gulf area. The Abu Dhabi to Bangkok route is Etihad*s busiest, having transported 700,000 passengers to the city in 2012. The airline is now adding a sixth flight per day to the city in order to cope with the constantly increasing demand. The new high-speed rail link to the airport makes it possible to reach the centre of Bangkok from Suvarnabhumi in under thirty minutes.

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So, whether you are looking for an affordable second home in an exciting and pleasant city to live or an investment which provides a good steady rental income combined with some of the fastest capital growth that you can find anywhere in the world currently, Bangkok is an ideal choice.


Disclaimer

This is a property advertisement provided and maintained by Bangkok Thai Real Estate Co. Ltd, Pattaya (reference 107950_005091985) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Bangkok Thai Real Estate Co. Ltd, Pattaya

383/2 Moo 12 Sukhumvit Road Nongprue Banglamung Chonburi 20150
or call 0066904187110

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