For improved printing use the print button on the page

print button

studio apartment for sale

£42,725

Thailand - Pattaya

like this property?

Call: 0066904187110

Key features:

  • 1 bathroom(s)
  • Condition: Excellent
  • Floor space: 23
  • Furnished
  • Communal pool
  • Sea view
  • Distance from the sea: 15 mins
  • Distance from an airport: 30 mins

Full description:

From all of the developments released in the 2013/4 season, the most successful by far was Riviera Wongamat, a project which sold out nearly all its 979 units over the course of just a few months due to a combination of an excellent location which offered sea views from the majority of apartments, exceptionally high standards of finishing, plus a substantially higher range of facilities than at any other luxury development.


The developers are now back and are repeating exactly the same winning formula with their next development, Riviera Jomtien.


Although the projects location may be very different from the developers first project, being located in the Jomtien area to the south of the city centre, all of the other elements that made Riviera Wongamat such a stunning success are present in the new project. In terms of location. Riviera Jomtien is located on Jomtien Second Road just 400m from the beach, which can be reached in just two minutes due to the fact that there is a private road leading directly from the project to the beach. This close proximity, plus the fact that there are no other high-rise buildings directly between Riviera Jomtien and the beach means that there are excellent sea views from nearly all of the front-facing units on the development. Standing 46-storeys tall, Riviera Jomtien will be the tallest building in this part of the city and, containing 1,049 apartments, it will also be the largest high-rise in the area.


Riviera Jomtien also matches the original in terms of facilities as you will find more amenities here than you can find at a five-star hotel, including vast. multi-level pools, a podium play area, a jungle bamboo forest and peaceful relaxation garden areas spread among the floors. The entire 42nd floor is dedicated to leisure and recreation. Here can be found the projects sky lounge, which features a sunset terrace, gym, gardens, jacuzzis, barbecue area, quiet zones and salas. A shopping arcade is attached to the project for owners convenience.


The final element which sets Riviera Jomtien apart from most of its competitors is the quality of the finishing and furnishings of the project. Only a trip to the projects on-site Sales Gallery to see the high standards of the show apartments there can give potential buyers an idea as to the luxurious standards to which all of the apartments in the project will be delivered. Apartment sizes at Riviera Jomtien range from studios of 23 to 33m2, through one-bedroom apartments of 34.7 to 48.7m2 up to two-bedroom/two-bathroom apartments of 76.6 to 85.8m2. However, the modular design of Riviera Jomtien enables buyers who are looking for larger-sized two or three-bedroom apartments to combine adjacent units to create some completely bespoke options.


As was the case with Riviera Wongamat, such was the level of interest in the new project that substantial amounts of units were bought up by institutional investors before the project was even officially made available to the public. As a result, well over 50% of the project was sold even before it was announced, which means that availability on the project is already quite limited. Because of this fact, it is only possible to buy units under Thai Company ownership on units lower than the 20th floor. The remaining units on this highly prestigious project are selling fast, so interested buyers need to act quickly if they wish to be one of the lucky ones to own an apartment here.


KEY FEATURES:

- 24/7 Security
- Air-Conditioning
- Children's Playground
- Close to Beach
- Fitness Centre
- Fully furnished
- Gardens
- Games Room
- Reception
- Jacuzzi
- Mini Mart
- Parking
- Reception
- Restaurant
- Roof Terrace
- Sauna
- Sea Views
- Swimming Pool


PRICE RANGE:


- Studio-Min: 23.0m2 - THB 2,116,000
- Studio Max: 33.0m2 - THB 3,943,500


- One-Bed-Min: 34.7m2 - THB 2,508,810
- One-Bed-Max: 48.7m2 - THB 5,917,050


- Two-Bed-Min: 76.6m2 - THB 7,583,400
- Two-Bed-Max: 85.8m2 - THB 8,665,800


PAYMENT PLAN:

- Reservation Fee: THB 50-100,000
- Contract Deposit: 15% (within 10 days)
- Interim Payments: 35%
- Handover: 50%


EXTRA FEES:

- Maintenance Fee: THB 50 / per m2 / per month
- Sinking Fund: THB 500 / m2
- Transfer Tax: Buyer Responsible
- Electric & Water Meters: Buyer Responsible


COMPLETION DATE:

Start Date: Q4-2015
End Date: Q4-2018

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

Nearest Airports*

  • Suvarnabhumi (International), 86.8 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.

###

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_1031) 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

Spotted an error?

In order for us to help our agents maintain accurate and up-to-date information please inform the agent if you have noticed an error with this property. If you are the vendor, please contact your agent directly.

Tell us what you think!

If you see any issues or would like to suggest improvements please send us your feedback .

We use cookies to optimise your experience on our website. If you continue we'll assume that you are happy to receive our cookies. However, if you would like to, you can change your cookie settings at any time.

Continue