Patong Bay Residence
Patong Bay Residence 3 "is a condominium project that will fulfil all your dreams and is worth the investment in every square meter. Contemporary style condominium consisting of 114 apartments with 1 bedroom, 1 bathroom and sophisticated, modern executive suites. Modern open plan layout , fully furnished, with a separate bedroom and kitchen.
Highlights of the project:
Guaranteed rental yield of 7% per year for 15 years
Buyback options offered by the project from 15th year (based on the current real estate price)<
Additional photo
Improvement
- Common swimming pool
- Security
- Parking
- Security systems
- Gym
Map view
Objects in projects nearby
Buying in Phuket as a Foreign National
A focused legal, tax, visa and lifestyle briefing tailored to this property and its location. Information is general guidance — InDreams Phuket recommends consulting a Thai-licensed lawyer before signing any reservation agreement.
Property Ownership Rules
Foreign ownership in Thailand depends on the asset class. Condominium units may be purchased freehold (within the 49% foreign quota). Villas and houses are typically structured via long-term registered leasehold (30+30+30) or a Thai limited company. Our legal partners will recommend the optimal structure for this property.
Investment Returns
This project carries a contractual rental program with a stated yield of 7.0% per annum. Yield is calculated net of standard operating expenses; full terms are included in the Sales & Purchase Agreement.
Tax & Fees for Foreign Buyers
Total combined closing costs for a foreign buyer typically fall in the 3–5% range of the purchase price, depending on the deal structure and how transfer fees are split. InDreams Phuket can request a written closing-cost estimate from our partner law firm before you commit.
Visa Pathways for Property Owners
The flagship visa for foreign investors and high-income professionals. Four eligibility tracks: Wealthy Global Citizen (USD 1M+ in assets & USD 80K income), Wealthy Pensioner (age 50+, USD 80K pension/year), Work-from-Thailand Professional, and Highly Skilled Professional. Tax incentives include a flat 17% rate for HSP and no taxation on foreign-source income brought in.
The fastest and most popular route for property buyers who do not qualify for LTR. No income, age, or investment requirements beyond the one-time membership fee. Includes airport fast-track, dedicated concierge, and 90-day reporting handled by the program.
Available to foreigners who invest at least 10,000,000 THB in qualifying assets, including condominium units registered as freehold to the applicant. Renewable indefinitely while the investment is maintained. Suitable for buyers acquiring premium units in this price range.
Long-established option for buyers aged 50 and above. Requires either 800,000 THB on a Thai bank deposit or a monthly income of 65,000 THB. O-X variant grants a 5-year stay for nationals of selected countries.
Lifestyle for Expats in Patong Beach
Patong is the loudest part of Phuket and also the most misunderstood by long-stay buyers. Yes, Bangla Road and the beer bars define the tourist image, but the actual expat population in Patong is sizeable and quite different from the visitors. Many are restaurant and bar owners, dive instructors, hospitality staff, long-term Russian and Indian families, and remote workers who simply prefer walkable density to a quiet villa estate. Patong is the only part of Phuket where you can genuinely live without a car, with supermarkets, gyms, clinics, the public hospital and the beach all reachable on foot from most condo blocks. Daytime is calm: the three kilometre beach is busy but functional, surf is decent in green season, and the back sois fill with cafes, laundries and family-run Thai kitchens. The party belt occupies roughly six streets and is easy to avoid. Bangkok Hospital Phuket is about 20 minutes over the hill through Patong Bypass tunnel access, which opened up the commute considerably. School-age families usually choose Kajonkiet or QSI nearby, or accept a longer drive to BISP. The main trade-offs are noise in the central blocks, high-season traffic on the hill roads, and a rental market that swings sharply between November and April peaks and the quieter monsoon months.
- Kajonkiet International School Phuket (Patong area) 4 km
- QSI International School of Phuket 12 km
- British International School Phuket (BISP) 22 km
- HeadStart International School (Phuket Town campus) 15 km
Jungceylon shopping mall on Rat-U-Thit Road; Patong Beach Road (Thaweewong Road) promenade; Bangla Road entertainment district; Banzaan Fresh Market and food court; Loma Park beachfront.
Patong Hospital — public (1 km); Bangkok Hospital Phuket (14 km); Bangkok Hospital Siriroj (15 km).
Coast Beach Club and Bistro at Centara Grand Beach Resort, Hard Rock Cafe Patong, Kee Sky Lounge at The Kee Resort, Sugar Palm Beach Club, Sea Salt Lounge and Grill.