Investment opportunity at Palmyrah (Choeng Thale, Phuket)

1,168 viewers / 30 Nov 2017

Investment opportunity at Palmyrah (Choeng Thale, Phuket)

Palmyrah is a condo development located in Surin, Phuket, Thailand. It is only 5 minutes walk from the Surin beach with 164 units across 5 floors. Approximated completion in August of 2018. This property is a hotel-managed and features an on-site restaurant, a swimming pool, a fitness center, a bar, 24-hour security, CCTV, a reception/lobby area, a shuttle to the beach, car parking, a spa, a sauna, direct beach access.

 Palmyrah Surin - Living room

There are 3 buildings A & C is at the entrance. Separated by a triangle shaped swimming pool. So averagely these rooms can see the garden and swimming pool. And the building B is further away from the road but closer to the beach. Only 300 meters walk to the first sand of Surin beach. The view is mostly mountain and sea. Likely the southmost room can have more chance to see sunset from their corridor.

 Set within the World-renowned tropical paradise island of Phuket and amidst the most sought after haven that is Surin Beach, a new address awaits you. Comprising of 164 keys complete with quality hotel services and facilities, Palmyrah will redefine your holiday convenience with its mere 300 meters walk to the island most attractive lifestyle beach of Surin. You are cordially invited to be a part of this exciting new legacy.

 Palmyrah’s concept is to deliver a quality product that compliments an already up-market area of the island all the while keeping its keys attractively priced to accommodate the new trend of holidaymakers. These are the young couples and new families who want to have convenient access to exciting night life and entertainment that Phuket has to offer yet still be able to go back to a peaceful and high-end service minded environment that hotels in nightlife oriented areas simply cannot offer. Phuket had always lacked such a place geared towards quality guests looking for something from both worlds. With this new development happening on Surin Beach, they now do.

 At the time writing the article (Nov 2017). Palmyrah price per unit is ranging somewhere around 3.3 - 3.7 mb. This price is seems a little lower than ones in Phuket town or right in Surin beach. According to the survey the same specs of condo in Phuket price ranging around 125k/sqm. , Surin beach around 111k/sqm. While Palmyrah can gives you somewhere around 99 - 101k/sqm. With 2 room types 1 and 2 bedroom suite. 35.25 and 70.50 sqm. accordingly. The project is not yet complete until August 2018. But you're open to own it with 2 options : Free hold (limited) or Leasehold - which is can lasted up to 90 years. 

Palmyrah Surin - Kitchen
Palmyrah Surin - Bed room


Palmyrah Surin - Bath room
Palmyrah Surin - Dining table

The estimated gross yeild is around 5 -7% (please ask the sales again when you're submiting a contract). Comparing to the sale price per area. Palmyrah Surin can make an interesting number. Let's say it is 100k per square meter. Meaning it is more chance to make profit easier than those more expensive.

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