29 m² Studio at New Nordic VIP 2, Pratumnak
A 29 m² studio is for sale on the 3rd floor at the New Nordic VIP 2 condominium, Pratumnak area, Pattaya. The condo is held under Foreign Quota, allowing a foreign buyer to register the property as freehold. Price — THB 1,300,000. The transfer fee is split 50/50 between buyer and seller.
Location
New Nordic VIP 2 is located on Soi Phra Tamnak 4, in the quiet residential part of Pratumnak Hill, between Pattaya City and Jomtien Beach. Cozy Beach is about 600–700 meters away. Nearby — restaurants, cafes, shops, and public transport stops. Walking Street and Central Festival Pattaya are about 3 km away. The nearest airport is U-Tapao Rayong-Pattaya International, 45–47 km away.
About the Property
A 29 m² studio on the 3rd floor. The compact layout includes a living and sleeping area, a kitchen space, a bathroom, and a balcony. The format suits personal living, vacation use, or rental.
In the Complex
New Nordic VIP 2 is a low-rise condominium by developer New Nordic Group Thailand. The project received EIA (Environmental Impact Assessment) approval. Amenities include a shared pool, covered parking, 24-hour security, and CCTV. The complex is pet-friendly — pets are allowed upon approval.
Price and Costs
Price — THB 1,300,000.
Price per square meter — THB 44,828.
For a Foreign Quota purchase, the registration fee (transfer fee) is 2% of the Land Department's appraised value. Under the terms of this property, the costs are split 50/50, meaning the buyer pays 1% (about THB 13,000 of the asking price).
The final transaction amount is calculated individually and communicated before signing the contract.
Annual expenses: common area maintenance (CAM) fee — according to comparable listings in the complex, about THB 40 per m² per month. For a 29 m² studio, this is approximately THB 1,160 per month, or THB 13,920 per year. CAM payments are usually made in advance for 1–3 years at handover.
Ownership and Transaction Format
Ownership type — freehold under Foreign Quota, provided that the total foreign-owned area in the complex does not exceed 49%. To register a Foreign Quota, funds must be transferred from abroad in foreign currency, and the bank must issue a FET (Foreign Exchange Transaction Form). Before paying a deposit, written confirmation of the Foreign Quota availability for the specific unit must be requested from the management company. Transaction steps: quota verification, transfer of funds with FET issuance, signing the purchase agreement, registration at the Land Department. Online viewings and remote closing via power of attorney are possible. Support languages — Thai, English, Russian (upon request).
If You're Considering It as an Investment
Pratumnak is a prestigious area of Pattaya with sustained rental demand. According to Apartwell, the estimated rental yield for comparable studios at New Nordic VIP 2 is 5–6.5% per annum. The compact area and affordable price make the unit easy to maintain and attractive for long-term rental. Rental income is subject to progressive income tax in Thailand. The source does not contain data on stated yields.
The seller does not market the property for residency or investment visa programs.
Best For
— Those looking for a budget studio with Foreign Quota in the prestigious Pratumnak area.
— Investors considering a purchase for long-term rental (estimated yield 5–6.5%).
— Buyers who want to register property without setting up a company.
May Not Be Suitable
— If you need a condo with sea views — the view from the windows needs to be clarified.
— If you plan to live with pets — they are allowed only upon approval from the management office.
— If your budget does not account for the annual CAM fee (about THB 13,920).
— If you prefer a high floor — the unit is on the 3rd floor.
— If a beachfront location is critical for you — the beach is about 600–700 meters away.
What to Know Before the Transaction
The complex was built in 2018, and some units are used as a hotel inventory (Apartwell). It is worth checking the condition of common areas and the sinking fund. The condo is offered under Foreign Quota; however, it is necessary to confirm that the 49% limit in the complex has not been exhausted at the time of registration. To register a Foreign Quota, transferring funds from abroad and obtaining a FET form is mandatory. During high season, the Pratumnak area is in demand and parking may be occupied. Transfer costs are split 50/50 — clarify the exact transfer fee amount before signing the contract.
How to View and Buy
Let us know when you plan to travel and what budget you have in mind. A Discount House manager will confirm whether the unit is still available, send a full breakdown of transaction costs, and suggest alternatives in the same area. Viewing in person or by video. Response within 30 minutes.