Splendid Condominium — Apartments in Kata

Splendid Condominium: a boutique building on the Kata hillside

Splendid Condominium was built by Kata Sea View Condominium Co., Ltd. and completed in 2019. It is an intimate project of two three-storey buildings with just 27 residences on a site of about 1,600 m². The building sits on a slope in Kata, so the upper pool looks out over the hills and the village below.

With few neighbours and no noisy resort facilities, the building is quiet, yet it still offers hotel service and a reception.

Residence type

The main format is the two bedroom apartment. Studios also appear on the rental market.

Two bedrooms

About 58–59 m² with one bathroom, an equipped kitchen and a living area. Ground floor units open to the garden. Listed from 8.74M ฿, with a top floor unit at about 9.5M ฿.

Facilities

• Infinity pool with timber deck and jacuzzi
• Gym opening onto a terrace
• Reception and hotel management
• Parking
• 24-hour security and CCTV

Agencies report a common area fee of 60 ฿ per m².

The Kata area

Kata lies on Phuket's south-west coast just south of Karon. The main beach, Kata Yai, suits families and surfers, while Kata Noi beyond the headland is quieter. Up the hill is the viewpoint over three bays; below are the Kata night market, Dino Park and plenty of restaurants. From the hillside, the beach is easiest to reach by car or scooter.

Buying terms

The building is a registered condominium. Foreigners buy freehold while the 49% quota is open; other units are held leasehold or by Thai owners and companies. The units currently listed are held by a company and a Thai owner, so a purchase by a foreigner needs to be structured in advance.

Transaction costs

On a resale purchase, title is registered at the Phuket Land Office. The standard transfer fee is 2% of the appraised value, and the seller pays either 3.3% specific business tax or 0.5% stamp duty. The split of costs between the parties is set in the contract.

Investment outlook

Two bedroom units in Kata are in demand with families and long-term tenants. According to agencies, rents in the building range from 35,000 to 120,000 ฿ a month depending on format and season. This is a reference, not a guaranteed income.

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