Developer Payment Plans / Installment Purchase
Palmetto Park Condominium
Phuket, Thailand
About This Property
Palmetto Park Condominium is a ready-to-move-in project by Art House Group, located in the Karon district on Phuket's west coast. The beach is approximately 800 metres away on foot. Units are available now with no waiting period. The project offers 1-bedroom apartments ranging from 30.2 to 32.78 sq m, priced from 4,875,000 THB. Interiors follow a light-colour scheme with classic turquoise accents and an emphasis on natural light. On-site facilities include: • Lobby Area and Lounge • Library (multifunctional space) • Garden • Swimming Pool • Laundry Room The building is within walking distance of Karon beachfront and Patak Road, giving easy access to shops, restaurants and everyday services.
Opportunity Terms
- Starting Price
- $148,104
- Handover Quarter
- Q4 2024
- Payment Plan Summary
- 3-step installment plan
- Unit Types Summary
- 1 Bedroom from 30 m²
- Fees
- Freehold (Condominium) (~2-6.3%): Transfer fee 2% + stamp duty 0.5% (or SBT 3.3% if seller held < 5 years) + withholding tax. Total burden varies; split between parties is negotiable Leasehold (Lease) (~0.55%): Registration fee - 1% of total lease value + 0.1% stamp duty. Effective buyer cost ~0.55% of purchase price
- Projected Rental Yield
- 6.2%
- Amenities
- Lobby Lounge Garden Swimming Pool Library Laundry
Payment Schedule — Active plan
| Milestone | % | Amount | When Due |
|---|---|---|---|
| Reservation | — | THB 150,000 | Reservation |
| On contract signing | 65% | THB 3,169,000 | On contract signing |
| On Handover | 35% | THB 1,706,000 | On Handover |
Unit Variations
1 Bedroom
$148,104
Investment Estimate
Provider-supplied projections for the default unit configuration.
Est. Monthly Rent
THB 38,000
Est. Monthly Income
THB 27,000
Est. Annual Income
THB 328,000
Gross Yield
8.9%
Net Yield
6.7%
Est. 5-Year Value
THB 6,837,000
Est. 5-Year ROI
74%
Assumptions
Provider default: purchase price 4,875,000, monthly rent 38,000, occupancy 95%, annual appreciation 7%.
Provider/market-based estimates for informational purposes only. Actual rental income, occupancy, expenses, appreciation and returns may vary. Projections are not guaranteed.
Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.
Neighborhood
To sea: 2015 m. Palmetto Park sits between Karon and Kata beaches, roughly 1.5-1.8 km from the water. The area is a mid-density residential and resort zone popular with expats and long-stay tourists. Daily shopping is walkable; beaches and dining require a short drive or songthaew ride. Karon Beach 1.5 km away • Makro supermarket 790m • KIRI Restaurant rated 4.7 with 8,500+ reviews
Daily Convenience
A 7-Eleven is 320m away, with three supermarkets including Makro under 1 km.
Nearest convenience store; open 24/7.
Bulk food supermarket; good prices, 790m away.
Local supermarket; everyday groceries, mid-range prices.
24-hour supermarket near Karon; handy for late shopping.
Beach & Nature
Three beaches within 2.7 km and a well-rated park under 1 km.
Long sandy beach; closest option at 1.5 km.
Popular surfing and swimming beach; 1.8 km.
Smaller, quieter beach; 2.7 km south.
Green park rated 4.6; walking and leisure, 980m.
Food & Dining
Top-rated restaurants from 1.6 km, with multiple KIRI locations nearby.
Resort restaurant; rated 4.8, 3,100+ reviews, 1.6 km.
Beachside restaurant at Karon; rated 4.7, 4,300+ reviews.
KIRI at Kata; rated 4.7, 8,500+ reviews, moderate prices.
Bar and restaurant at Kata; rated 4.8, 2,100+ reviews.
Health & Safety
Nearest clinic is in Patong at 5.2 km; no medical facility within walking distance.
General practice clinic; rated 4.8, 1,700+ reviews, Patong.
Multi-service clinic in Patong; rated 4.5, 6.1 km.
Highly rated clinic; 4.9 stars, 3,200+ reviews, 6.5 km.
Dermatology specialist; rated 4.9, 9.5 km away.
Kids & Education
Fitness club and dive school within 5 km; university 8.7 km away.
Fitness club rated 4.8; training and classes, 4.8 km.
Dive school rated 5.0; PADI courses, 1,100+ reviews.
Public university; undergraduate programs, 8.7 km.
Getting Around
No public transit nearby; bus terminals and ferry pier are 12-14 km away.
Patong area reference point; no direct bus service nearby.
Main island bus hub; intercity routes, 12 km.
Ferry to nearby islands; 13 km via Phuket Town.
Long-distance bus terminal; routes to mainland, 14 km.
Sports & Leisure
Spa and wellness options from 6 km; golf club 11 km away.
Golf course in Kathu; 18 holes, 11 km.
Spa and massage; rated 4.5, 1,700+ reviews, 6 km.
Water park and leisure complex; rated 4.6, 8,700+ reviews.
Day spa; rated 4.8, 1,000+ reviews, 8.7 km.
Nightlife & Entertainment
Beach club 890m away; bars and restaurants from 1.5 km in Karon and Kata.
Beach club; rated 4.4, 3,300+ reviews, 890m.
Bar-restaurant concept; rated 4.6, moderate prices, 1.5 km.
Kata bar and restaurant; rated 4.8, evenings, 2.7 km.
Deli and casual dining; rated 4.7, 1,800+ reviews, 4.2 km.
$148,104
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