The Ark at Karon Hill — Apartments in Karon

The Ark at Karon Hill: a hillside condominium above Karon Beach

The Ark at Karon Hill was built by Veloche Group and completed in 2014. The seven-storey building has a smooth curved form and stands on a hill in Karon. It holds 98 residences. The developer's second project, Palm & Pine at Karon Hill, is next door.

A stepped pool with a timber deck lies in front of the building, while the clubhouse and gym look out over green slopes through panoramic glazing.

Residence types

The building offers studios, one and two bedroom units from 55 to 140 m². Even the studios are large, over 55 m². Several resale options with different tenures are usually listed.

Studio

From 55 to 73 m², listed from 5.2M ฿, mostly leasehold or Thai ownership.

One bedroom

About 55 m², listed at 5.5M ฿ within the foreign quota.

Two bedrooms

From 128 to 140 m², listed from 12.5M ฿ within the foreign quota.

Facilities

• Stepped pool and jacuzzi
• Clubhouse and restaurant
• Gym with panoramic windows
• Garden, reception and lobby
• Parking, 24-hour security, CCTV

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

The Karon area

Karon lies between Patong and Kata. Its beach of about three kilometres is much calmer than Patong and suits families. The three-bay viewpoint, Dino Park, restaurants and shops are nearby. From the hill, the beach is easy to reach by car or scooter.

Buying terms

The building is a registered condominium. Foreigners buy freehold within the 49% quota, while other units are leasehold or Thai-owned. Price depends heavily on tenure, so we compare like with like.

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

Large studios and units with green hill views suit long-term letting. According to agencies, a studio in the building rents for 45,000 ฿ a month. This is a reference, not a guaranteed income.

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