Developer Payment Plans / Installment Purchase
City Garden Pratumank
Pattaya, Thailand
About This Property
City Garden Pratumank is located on Pratumnak Hill, close to Cozy Beach, one of the most sought-after areas in Pattaya. The building is already completed and ready to move in, with a calm setting and landscaped surroundings. The development includes a swimming pool, jacuzzi pool, gym, sauna, lounge and lobby area. Interiors feature an artistic design, and the exterior has an attractive look. Security includes 24-hour CCTV, professional guards, keycard access and underground parking. The project offers studio and one-bedroom units, with prices starting from 2,550,000 THB. Given steady demand for quality homes near the beach, the property can also work well for long-term rental.
Opportunity Terms
- Starting Price
- $77,470
- Handover Quarter
- Q4 2015
- Payment Plan Summary
- 3-step installment plan
- 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
- 6.1%
- Amenities
- Swimming Pool Jacuzzi Pool Fitness Center Sauna Lounge Lobby Area
Payment Schedule — Active plan
| Milestone | % | Amount | When Due |
|---|---|---|---|
| Reservation | — | $3,028 | Reservation |
| 1st instalment | 30% | $23,163 | 1st instalment |
| 2nd Instalment | 70% | $54,047 | 2nd Instalment |
Investment Estimate
Provider-supplied projections for the default unit configuration.
Est. Monthly Rent
$969
Est. Monthly Income
$666
Est. Annual Income
$7,933
Gross Yield
14.3%
Net Yield
10.3%
Est. 5-Year Value
$103,310
Est. 5-Year ROI
85%
Assumptions
Provider default: purchase price 2,550,000, monthly rent 32,000, occupancy 95%, annual appreciation 6%.
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.
$77,470