33 m² Studio at The Palm Wongamat — Foreign Quota
A 33 m² studio on the 13th floor is for sale in the The Palm Wongamat condominium, Wongamat / Na Kluea area, Pattaya. The unit is held under the foreign quota, allowing a foreign buyer to register the property as freehold. The windows offer a sea view. Price — THB 4,000,000.
Location
The Palm Wongamat is located on Soi Naklua 16, in the northern part of Pattaya, 200 meters from Wongamat Beach. The Wong Amat / Naklua area is considered a premium choice in North Pattaya: low-rise development predominates, the beach is wider, and the streets retain a more residential character compared to the tourist center. Nearby are the international schools Regents and Mooltripakdee, the major supermarkets Big C and Friendship, as well as Terminal 21 and Naklua Road. According to market data for 2026, beachfront property prices in Wong Amat range from THB 180,000–220,000 per m², and resale liquidity is among the best in Pattaya: well-located one-bedroom units rarely stay on the market longer than 90 days.
About the Property
Studio of 33 m² on the 13th floor. Sea view. The unit is held under the foreign quota. The complex was completed in November 2015. The developer is Nova Group.
In the Complex
The Palm Wongamat Beach consists of two towers of 46 and 26 floors, with a total of 544 units. Amenities include a pool, a fitness center, parking for 182 cars, elevators, 24-hour security, and CCTV. Pets are not allowed without special permission from the management office.
Price and Costs
- Price — THB 4,000,000.
- Price per square meter — THB 121,212.
When purchasing under the foreign quota, the registration fee at the Land Department is 2% of the appraised value and is usually split 50/50 between buyer and seller. Legal fees range from THB 30,000 to THB 60,000. The sinking fund contribution is THB 400 per m²; for this studio that is THB 13,200.
The final transaction amount is calculated individually and disclosed before the contract is signed.
Annual expenses: common area maintenance (CAM) fee — THB 50 per m² per month; for a 33 m² studio this is THB 1,650 per month, or THB 19,800 per year.
Ownership Structure and Transaction Format
Form of ownership — freehold under the foreign quota, provided that the total foreign-owned area in the complex does not exceed 49%. To register under the foreign quota, the funds must be transferred from abroad in foreign currency, and the bank must issue a FET (Foreign Exchange Transaction Form). Without a FET, the Land Department will refuse registration. Before paying a deposit, written confirmation of the availability of foreign quota for the specific unit must be requested from the management company. Transaction steps: quota verification, funds transfer with FET issuance, signing of the purchase and sale agreement with a 10–20% deposit, and registration at the Land Department. Online viewings and remote execution via power of attorney are possible. Support languages — Thai, English, Russian (on request).
If You Are Considering It as an Investment
The seller does not market the property for residency or investment visa programs. Wong Amat shows long-term rental yields of 4–5% and short-term rental yields of 6–8%. The area benefits from strong demand from expats and residents, which supports stable occupancy. No data on stated yields is available in the source.
This Is a Good Fit For
— Those seeking a studio with a sea view in a premium area of North Pattaya.
— Investors considering a purchase in a complex with the best resale liquidity in Pattaya.
— Buyers who want to register property under the foreign quota without setting up a company.
This May Not Be a Good Fit For
— If you plan to live with pets — they are prohibited in the complex without special permission.
— If you need a unit in a new building — the complex was completed in 2015.
— If the budget does not account for the annual CAM fee (THB 19,800) and the one-time sinking fund contribution (THB 13,200).
— If you prefer an area with lower prices — Jomtien offers beachfront property 30–40% cheaper per square meter.
What to Know Before the Transaction
The complex was built in 2015 — it is worth requesting a report on the condition of common areas, elevators, and the sinking fund. The unit is sold under the foreign quota; however, it is necessary to confirm that the 49% limit in the complex has not been exhausted at the time of registration: the quota is calculated by area, not by number of units. For foreign quota registration, a transfer of funds from abroad with a FET certificate is mandatory. In season, the Wong Amat area is in demand, and parking may be occupied.
How to View and Buy
Write to us with your travel plans and budget range. A Discount House manager will confirm whether the property is available, send a full breakdown of transaction costs, and suggest alternatives in the same area. Viewings in person or by video. Response within 30 minutes.