There are only two kinds of units in Avenue Residence: studio 34,45 sqm and one bedroom apartment 45,5-46,61.

The prices now is different from the prices on pre-sale, when it was a very good deal. First of all foreigner quota already finished in buildings B and C, and secondly – the prices increase for about 10-15% from the begining.

Studio unit can be purchased for 1,7 – 1,8  mln Thai baht (company or thai name) and 1,9 – 2,3  mln Thai baht (foreigner name), one bedroom apartment cost 2,2 – 2,4 mln Thai baht (company or thai name) and 2,6 – 3 mln Thai baht (foreigner name). The prices depends on floor and views.

The prices include build-in euro-kitchen (without kitchen equipments), fitted luxury bathroom and aircons in every room.

Purchase conditions:

* booking fee – 100,000 baht (non-refundable),
* contract – 30%  in 14 days after booking,
* monthly installments – 50% in course of construction,
* balance – 20% on transfer date
more details.

Maintenance fee is 360 Thai baht per sqm per year (one year upfront)

Sinking fund is 400 Thai baht per sqm (one time payment)

It is very convenient location- on Soi Buakhow (between second and third road). The location will be ideal for somebody, who wants to be in the center: there are dozens of eaters places and serious restaurants, cafes, bars, go-go bars etc.  Soi Buakhow  is a popular road with public transportation. In the end of this soi (entrance to South Pattaya Rd.) every Thusdays and Fridays organizing Buakhow market with huge variety of thing for sale, as well as testy food and fresh vegetables and fruits.

Communal facilities are: swimming pool, lobby with reception, 24 hours security CCTV and high speed Internet.

Units range:

There are only 65 units, studio 40-45 sqm (prices from 1,95 mln Thai baht),  one bedroom unit (two bathroom) with area 80 sqm  (prices from 3,6 mln Thai baht)  and two bedroom apartments (3 bathrooms) 120-125 sqm with prices from 5,5, mln Thai baht.

Payment condition:

• booking fee – 50,000 Thai baht
• signing contract – 10%
• down payment – 20%
• transfering date – 70%

Financing is available from developer for 50% of purchaising price.

Transfer fee will be share 50/50 between seller and buyer.

Maintenance fee is 30 Thai baht per sqm per month (payable one year at advance).

Sinking fund is 400 Thai baht per sqm (one time payment).

Studio  – 36 sqm, prices start from 1,4 mln Thai baht (2nd floor building B, thai or company name) and reach 2,2 mln Thai Baht (highest floor building A, foreigner name).

One bedroom apartment with area 59-79 sqm and prices from 2,8 mln Thai baht (2nd floor building B, thai or company name) to 5 mln Thai baht (highest floor building A, foreigner name)

Prices include build-in euro-kitchen, bathroom and a/c

Conditions:

• booking fee – 30,000 thai baht (none refundable deposit)
• 20% from selling price – within 15 days from reservation (minus deposit)
• 6 weeks later – 10%
• 3 month later – 10%
• 3 month later – 10%
• 3 month later – 10%
• 3 month later – 10%
• 30% – balance on completion

Transfer fee will be paid by buyer.

Maintenance fee: 360 thai baht per sqm per year (should be paid for one year at advance)

Sinking fund: 400 thai baht per sqm (one time payment).

The design of the project is absolutely the same as another View Talays, maybe with one exception – View Talay 6 have underground parking.

The location is very convenient for somebody who like to be in the center of it all – main road with public transportation is 30 meter far from condominium, as well as central Pattaya beach.  Hundreds of eaters places and variety of entertainment facilities are also near by.

Huge shopping mall “Central Festival” is also close to the building .  From the one hand presence of new plaza is advantage for  co-owners: top-class restaurants with international cuisines and dozens of shops are 5 min far from apartment. From another side: the north part of the building is very close to the plaza and so well to the noisy construction of Hilton Hotel above the plaza. Taking into consideration that the first six floors set aside for the shopping center parking lot, owners on same level  are having now  “parking view”, dust and smoke (distance between two buildings not more than 7 meters).

I know one owner, who bought unit on 4th floor View Talay 6 (north side)  1,5 years ago for the price about 90,000 USD. Now he trying to sell it – the rare offer is  10,000 USD – terrible fact.

The South side of the building is lovely – nice view all around Pattaya till the Phratamnak hill.

Units range:  all units goes from developer as studios (without internal walls) and empty shell with area from 48 to 105 sqm.  Owners, who bought two or more units together, are able to combine it into one large apartment.

Prices for sale start from 2,7 mln Thai baht for 48 sqm studio (if you do not take into account units with “parking view”).   Price for rent a studio is about 20,000 Thai baht per month.

The cheapest unit can be purchased at a present time (june 2009) cost 12,6 mln Thai baht for 92 sqm one bedroom apartment on 2nd floor. The most expensive condo cost 130 mln Thai baht for duplex penthouse, with total area 565 sqm.

Main features of units finishing are:

• high ceiling in all living areas – approx. 3 meter heigh
• solid maka wood flooring in living/living areas and bedrooms
• premium quality imported ceramic tiles for walls and floors in bathrooms and for flooring entrance foyer
• premium quality sanitary fixtures and fittings by Mogen (or equivalent)
• fully furnished kitchen by SCHIFFINI with 4 burners electric stove, exhaust hood and sink are included. Kitchen appliances: electric oven, dishwasher and refrigerator available on request.
• ceramic tile flooring on balcony
• clear glass balcony railing

Payment terms:

• Deposit/ reservation fee – 150,000 Thai baht
• Signing contract – 10% of total selling price (minus deposit)
• monthly installments – 24% of total selling price
• balance – on transfer date

The sales was good in 2008 – all small units were sold out quickly. Quota for foreigners still available.

Condominium is about 30 years old.

The first two Siam Penthouse condos were built in Bangkok and they are the first condominiums in Thailand.

I was not inside the rooms, but ground floor looks totally ok, lounge area is fresh and clean, garden is well-groomed, swimming pool and other facilities are operating well.

The building has outstanding design (for 30 years old) with “steps floors” and majority of units have sea view, the best view is to the North. Views to the South can be closing by neighbor “Silver Beach Condominium” building.

Siam Penthouse III offering for the owners two tennis courts, table tennis, billiard room and gym.

There  is a possibility to get laundry and other services from reception desk, otherwise opposite the road there is another condominium with numbers of different services.

Units range:  there are studio units (about 32 sqm), two bedroom apartment (64-87 sqm) and larger apartment – about 115 sqm.

Studio can be rented out for 18,000 baht per month.

Main building is 11 years old, and was originally developed as Golden Pattaya Condominium. In 2003  Rachatee Group took over the condominium and made renovation to euro standard.

There are pleasant communal facilities, like big swimming pool, gym, SPA-salon, covered parking etc. Condotel is well manage and popular with rentals, so the owners can get about 8% annual return – that pretty good, especially for somebody who looking for a small investment.

Units range:  there are variety of units size from 25 sqm (studio unit)  to 96 sqm (two bedroom apartment).

The prices for studio start from 790,000 Thai Baht (for small studio with city view). Condos with sea view (a little bit sea view) can be get for 1,2 mln Thai Baht.

Prices for rent start 11,000 Thai Baht per month and I think it`s possible to find even cheaper for long term.

Summary – Rachatee Condotel is  valuable for small money condominium with convenience location and variety amenities.

The prices are start from 3,3 mln Thai baht for 78 sqm apartment.. Sales in building B sales were not successful, so foreigner quota from developer are still available.

The designers improve layout for next two buildings C and D. First of all the layout of apartments has become more square (so more useful) and units are located on both sides of corridor, some of them have partly sea view. One bedroom condos with area from 68 to 82 sqm cost from 3,3 mln Thai baht and two bedroom apartments with area 82-123 sqm cost from 4 mln Thai baht.

All units in buildings D and C come from developer with fitted bathroom, build-in kitchen, tile floor and gypsum ceiling – all of materials are not the best quality. Within regular promotions, buyers can get aircon and water heater for free.

Sinking fund is 500 THB per sqm (one time payment) and maintenance fee is 20 THB per sqm per month (payment for the year ahead).

Studio: 51-52 sqm – only in North Tower. Prices from developer – 7,2 mln Thai baht
One bedroom apartment: 65-83 sqm in both towers. Prices start from 8,3 mln Thai Bah

Two bedroom condo: 101-107 sqm with prices from 9,9 mln Thai baht – in both towers.

Three bedroom unit: 125-146 sqm with prices from 15,9 mln Thai baht -in both towers

Three bedroom duplex: 174-178 sqm – from 20 mln Thai baht – only in North Tower.

Four bedroom duplex: 215-220 sqm – from 27 mln Thai baht – only in North Tower.

Penthouse: 317-494 sqm  from 56 mln Thai baht – on both towers.

All units will come with high quality finishing, build-in kitchen, fitted with top quality appliances bathroom, tile floor and finished balcony.

Sinking fund will be 800 THB per sqm (one time payment). Monthly Common Management Fee – 60 THB per sqm per month (annual payment).

The quality of construction and finishing in AD Condominium can be called “middle”. All units from developer came with tile floor, painted walls and fitted bathroom. For gypsum ceiling with lights, developer charged extra payment.
Units range: studio 31-38 sqm (prices on pre-sale was about 800,000 Thai baht) – prices from 1,2 mln Thai baht (empty shell); one bedroom apartments – corner units 72-78 sqm -from 2,8 mln Thai baht.
Finished and fully furnishes and decorated apartments cost from 1,5 mln Thai baht for studio and from 4 mln Thai baht for
1-bedroom condo.
There are few amenities in the condo, like swimming pool, covered parking, few offices on the ground floor (maybe in future some offices will become a mini-mart or laundry), security guards (I have no idea how they are qualified) and two elevators.