Completed resale

Citygate P-710 Resale, Kamala, Delivered 1-Bed

The only lot in this list priced above the developer's own comparable unit, 272,034 THB above. What that premium buys, and what it does not.

Type
1-Bedroom
Size
34.25 m²
Floor
7
Unit
P-710, Floor 7
View
Paris building, floor 7
Tenure
leasehold
Completion
Delivered, move-in ready
To beach
14-min walk to Kamala Beach
· By Maksim Shchegolev · Project: Citygate full review

Why this resale

  • ✓ 272,034 THB above the developer's comparable 34 m² unit, not below it
  • ✓ The seller paid 4,100,000 THB and is asking 4,590,000
  • ✓ Leasehold 30+30+30 under agreement CG-P710 dated 27 October 2023
  • ✓ Delivered and furnished, so it can be inspected and let immediately

P-710 asks 4,590,000 THB for a delivered, furnished 34.25 m² one-bedroom, 134,014 THB per m². It is the only lot in this list that costs more than buying new: the developer’s comparable 34 m² unit is quoted at 4,317,966 THB, so this resale is asking 272,034 THB above it.

That is not a criticism, and the listing does not hide it. It is simply the fact this page has to justify, because everywhere else in this collection the argument starts from a discount and here there is none to start from.

What the premium buys

Three things the developer’s price does not include: an apartment that exists and can be walked through, a furniture package already in it, and no wait for handover.

Each of those has a number attached. Ask the developer for their quote in writing with the furniture priced separately and the handover date attached, then add what furnishing a one-bedroom would cost you and what the months to handover are worth in lost letting.

If those come to more than 272,034 THB, the premium is real. If they come to less, the seller is asking you to pay for convenience at a rate you would not choose. The comparison takes an afternoon and it is the whole decision on this listing.

What the seller paid, and what that tells you

The pack is unusually open about it: the contract price was 4,100,000 THB, against an original list price in the agreement of 4,311,100.

So the seller bought below list and is asking 490,000 THB above their own cost. That is a normal owner’s position, not a red flag, and knowing it is worth more than any percentage: it tells you roughly where their floor sits before you make an offer.

The date on the agreement is the thing to check

The agreement is CG-P710, dated 27 October 2023, and the tenure is quoted as leasehold 30+30+30.

If the first thirty-year term runs from that date, about twenty-seven years remain. That would mean paying more than the developer’s price for three years less term than a new contract would give you, and at exit the same arithmetic applies again, with the clock three years further on.

It may not run from that date; it may run from registration, which on a delivered building could be later. Nobody should guess. Get the registration date and the term’s start in writing, because on a leasehold resale that single line is worth more than everything else on this page.

Before you offer

  • The exact start date of the thirty-year term, in writing.
  • The developer’s current quote for a comparable unit, furniture priced separately.
  • Owner statements showing what a one-bedroom here has earned.
  • The furniture appendix, checked item by item against the apartment.
  • The juristic accounts, reserve position and confirmation charges are settled.
  • The developer’s written consent to the transfer.

The building, its facilities and the Kamala setting are on the Citygate project review.

Frequently Asked Questions

Because it is finished and the developer's is not the same proposition. A comparable 34 m² unit from the developer is quoted at 4,317,966 THB, so P-710 is asking 272,034 more. What the premium buys is a delivered, fully paid, furnished apartment you can inspect and let this month, against a developer purchase that still needs handover timing, additional fees and a furniture budget. Whether it is worth 272,034 THB depends on what those three come to.

4,100,000 THB, against an original list price in the sale agreement of 4,311,100. They are asking 4,590,000, so the ask is 490,000 above their own cost and 278,900 above the price the developer wrote into that contract. None of that is improper: it is simply useful, because it tells you where the seller's floor is likely to sit.

That is the question that decides this purchase and the listing does not answer it. The agreement is dated 27 October 2023 and the structure is quoted as 30+30+30. If the first thirty years run from that date, roughly twenty-seven remain, and you would be paying more than the developer's price for three years less term than a new contract gives. Establish the registration date and the exact start of the term in writing before anything else.

Everything a resale lets you check and an off-plan purchase does not: the apartment itself, the furniture against the contract appendix, the seventh-floor outlook, the juristic person's accounts and reserve, whether charges are settled to the transfer date, and what a one-bedroom in this building has actually earned from owner statements rather than a projection.

The material quotes a comparable 34 m² unit at 4,317,966 THB, which implies they do. If so, get their quote in writing with the furniture package priced separately and the handover date attached, then compare the all-in figures rather than the headlines. The premium on this lot is defensible only if the developer's route really does cost you more once everything is counted.

Request Citygate P-710, Floor 7 details

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