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studio apartment for sale

£77,105

Thailand - Phuket

like this property?

Call: 0066904187110

Key features:

  • 1 bathroom(s)
  • Condition: Excellent
  • Floor space: 43
  • Sea view
  • Distance from the sea: 15 mins
  • Distance from an airport: 30 mins

Full description:

Karon Butterfly is an ideal choice for anyone looking for affordable sea views from their new home in Phuket, plus anyone who is looking for an apartment which they can move into immediately.


The project is located in the upmarket area of Karon, just to the south of Patong Town. Although only 15 minutes away from all of the entertainment options of Patong, Karon has a quieter and more relaxed feel to it, while still offering a wide range of restaurants, shops, bars and cafes, plus a wide, sandy beach which is longer and less crowded than Patong Beach.


Karon Butterfly is located on a hillside just 400m from the sea, with a wide assortment of shops and restaurants available on the short walk there and back. The projects hillside location mean that nearly all of the apartments in this complex benefit from beautiful sea views. Unusually, the small buildings which comprise the resort are only three storeys high. All ground floor apartments come with their own private gardens, some of which come with a private jacuzzi,while the apartments on the upper floors mostly come with roof terrace access. The first building at Karon Butterfly opened in 2010 and additional buildings have been added to the resort over the past five years. The final buildings, known as Flower, will open in January 2015, at which point the resort will be totally complete.


The project has been designed by a joint team of Italian and Thai architects to create a unique and stylish look for this exclusive development. Karon Butterfly offers a wide range of facilities, most notable of which is the vast swimming pool in the centre of the resort. In addition to the pool, Karon Butterfly also offers buyers and guests here a fully-equipped fitness centre, jacuzzis, a spa centre and a restaurant. The reception area provides all of the services of a high class hotel, so it is possible to book excursions here and arrange for laundry services, etc.


The resort offers a wide range of apartment sizes for potential buyers to choose from. One of the buildings in the final phase of the project consists totally of very large studios, ranging in size from 43 to 62m2. The other buildings offer a choice of one and two-bedroom apartments. The one-bedroom apartments are, once again, generally larger than those found on most other projects on Phuket as they range from 45.6 to 73.9m2. With the two-bedroom apartments, there is a wider range of sizes to choose from, starting at a modest 65.1m2, going all of the way up to 119.1m2. These large apartment sizes means that Karon Butterfly is an ideal project for anyone looking to spend entire winters on Phuket or for year-round living as there is plenty of space for storage here.


Karon Butterfly is already functioning as a fully-fledged tourist resort, with the developers managing the units on behalf of owners. As a result, this project is also an excellent choice for anyone looking at buying as an investment as the amount of facilities here together with the perfect sea views mean that it will be very easy to find tenants wishing to stay here.


KEY FEATURES:

- 24/7 Security
- Air-Conditioning
- Fitness Centre
- Close to Beach
- Unfurnished
- Gardens
- Swimming Pool
- Reception
- Parking
- Restaurant
- Roof Terrace
- Spa Centre
- Sea Views


PRICE RANGE:


- Studio-Bed-Min: 43.0m2 - THB 3,975,000
- Studio-Bed-Max: 62.0m2 - THB 7,300,000

- One-Bed-Min: 45.6m2 - THB 4,950,000
- One-Bed-Max: 73.9m2 - THB 8,350,000

- Two-Bed-Min: 65.1m2 - THB 7,350,000
- Two-Bed-Max: 119.1m2 - THB 11,750,000


PAYMENT PLAN:

- Reservation Fee: THB 200,000
- Contract Deposit: 20% (within 10 days)
- Interim Payments: 65%
- Handover: 15%


EXTRA FEES:

- Maintenance Fee: THB 50 / per m2 / per month
- Sinking Fund: THB 350 / m2 / per month
- Transfer Tax: Buyer Responsible
- Electric & Water Meters: Buyer Responsible


COMPLETION DATE:

Start Date: 2009
End Date: Jan-2015 (Final Phase)

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

Nearest Airports*

  • Phuket (International), 20 miles
  • Krabi (International), 50.6 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_00038) 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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