Reservoir Town

 (Write Review)
Nong Prue, Pattaya, Chon Buri
Dec 2023 Completed
16 Units
3 SqM Project Area

Overview of Reservoir Town in Nong Prue, Pattaya

Reservoir Town is a house and villa project located in Nong Prue, Pattaya and was completed in Dec 2023. It has 16 units and was developed by Madcha Land Development Co., Ltd, who is also behind Koji Villa, The Arowanyx and Celestial Villa Pattaya.

Available Units at Reservoir Town

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View All (5)
Sale Price : ฿5,759,000
FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
FazWaz Estimate : ฿149,999
Price Rating : Fair Price

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Facilities and Floor Plans

Facilities

Convenience
Car Parking
Safety
24H Security
CCTV (Video Surveillance)

Parking & Lift

Ratio of Parking Spaces to # of Units : 200%
Parking Type : Conventional
Charging Stations on Site : No

Management

Common Area Management Fee :
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿35/SqM
Sinking Fund :
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Reservoir Town the required payment for the sinking fund is ฿300 per square meter based on the size of the indoor area of the property.
฿300/SqM
Pets : Not Allowed

Payment Plan

Installment Milestone Payment
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%

Master Plan

About the Developer - Madcha Land Development Co., Ltd

All Madcha Land Development Co., Ltd Projects
15 Projects 1,569 Units

Porchland Group - Thai development company developing suburban villages as well as condominiums in Pattaya, Chonburi, Si Racha, Bang Saray and Phuket.

At the present moment, following company completed construction of three condominium projects, 4 more are in different stages of construction.

Due to the proper use of internal resources, careful approach to the selection of the project location and quality of construction, Porchland Group can offer accommodation with excellent value for money.

Frequently Asked Questions

Frequently asked questions about Reservoir Town
No pets are allowed at Reservoir Town unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee at Reservoir Town is ฿35 per square meter based on the plot size of the property. This fee has to be paid every month by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Reservoir Town the required payment for the sinking fund is ฿300 per square meter based on the size of the plot size of the property.
Na Jomtien Beach is the nearest Beach from Reservoir Town and it is 6.2 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at Reservoir Town you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
Installment Milestone Payment
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%


Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

 

Read more here

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Pattaya
Nong Prue
Neighborhood Overview of Nong Prue, Pattaya

Neighborhood Overview

Location and Neighborhood

Street View


Surrounding area

Reservoir Town is located 1.0 km away from 7-Eleven Chak Nok Reservoir Branch (Chonburi) (17218) and it can be reached within 3 mins by car.

There are many other shops situated in the area of Reservoir Town, the 3 closest being:
- bizniz jewelry polishing cloth is 1.5 km away (an approx. drive of 5 mins.)
- Nong Mind Shop is 1.2 km away (an approx. drive of 3 mins.)
- VK Kitchenware is 1.7 km away (an approx. drive of 4 mins.)

The surrounding area, where Reservoir Town is situated, offers a wide variety of restaurants. See the closest of them below:
- Rim Bueng Swamp Restaurant is 520 m away (a walk of about 7 mins.)
- Cuppi KupPii Homemade Food is 670 m away (a walk of about 8 mins.)
- Aunt Pan nutrition is 1.1 km away (approx. 2 mins. by car)

topclinic is the nearest health facility, which is 790 m away (you can walk there in 10 mins.) from the project, while the closest schools in the proximity of Reservoir Town are:
- Pattaya Ballet School is 490 m away (about 6 mins. by foot)
- Pattaya Skyrider School is 1.8 km away (an approx. drive of 5 mins.)
- Wat Inthanaram School is 4.8 km away (an approx. drive of 9 mins.)

U-Tapao–Rayong–Pattaya International Airport is located 35.6 km from Reservoir Town and it takes about 40 mins. by car or taxi (depending on the traffic) to get there.

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