Off-plan contract assignment

VIP Tropika P1212 Resale, the Cheapest Metre

3,170,000 THB for a 30 m² garden studio is the cheapest metre of the five VIP Tropika lots here, and the identical apartment is on sale twice.

Type
Studio
Size
30 m²
Floor
1
Unit
P1212
View
Garden access
Tenure
leasehold
Completion
2028 seller schedule
To beach
Bang Tao Beach
· By Maksim Shchegolev · Project: VIP Tropika full review

Why this resale

  • ✓ 105,667 THB per m², the lowest of the five VIP Tropika lots listed on this site
  • ✓ P1217 is the same apartment at the same price, from a different seller
  • ✓ Sinking fund, meters, transfer and the annual charge add about 70,000 THB in year one
  • ✓ Furniture advertised as included; leasehold; handover on a 2028 seller schedule

Five VIP Tropika lots are listed on this site, and P1212 holds the cheapest square metre among them. At 3,170,000 THB for 30 m² that is 105,667 THB per m², against 112,237 for the 45 m² one-bedroom, 120,404 for the identical studio P2109 and 133,772 for the 61 m² two-bedroom. If what you are buying here is a metre in this building, this is where it costs least.

The same apartment is on sale twice

P1217 matches this unit on every field the seller published: 30 m², first floor, garden access, leasehold, furniture included, 3,170,000 THB. Two contracts, one product.

That is worth knowing before you make an offer, because it is close to the only leverage a buyer gets in an off-plan assignment. Two sellers need to exit and nothing on paper separates them.

What is not on paper is which way each terrace faces and what stands in front of it. On a ground-floor garden unit that decides the apartment, and it is settled by walking the site, not by reading a sheet.

The 30 m² plan

VIP Tropika studio floor plan, 3.9 by 7.8 metres
The studio layout from the seller’s pack: 3.9 by 7.8 m including a 0.9 m terrace, one bathroom, kitchen along the entry wall. This is the type drawing, and it covers P1217 and P2109 as well: it is not a survey of this particular apartment.

The exit is crowded by construction

The reason the cheapest metre matters more here than it would elsewhere is what happens when you sell. Three identical studios are on the market today from three different owners, and by handover in 2028 the developer will have released the rest of the building’s studio stock into the same bay.

At that point nothing separates one from another except the number on it. There is no view to argue for, no floor to point at, no layout that reads better. A studio in this position is sold on price alone, and the owner best placed for that conversation is the one who bought the cheapest metre.

That is the honest case for P1212, and it is a different case from the one the sales sheet makes. It is not that a 34% discount proves the apartment is worth more. It is that when you become the fourth seller of the same flat, your entry price is the only advantage you get to keep.

What completes the price

LineAmount
Sinking fund11,936 THB, once
Water and electricity meters5,000 THB, once
Transfer cost shown in the pack31,700 THB
Common-area fee21,485 THB a year

The transfer line is exactly 1% of the asking price and the sinking fund works out at 398 THB per m², so both move with whatever you finally agree. The common-area fee is 716 THB per m² a year and runs whether the apartment is let or empty, which is the reason it belongs in the model before the rental figure does.

Before you reserve

  • Both terraces, seen in person, before you decide between P1212 and P1217.
  • How much of the price the seller has already paid the developer, and what falls to you.
  • Written developer consent to the assignment.
  • The furniture schedule as an appendix to the contract, not a line on a sales sheet.
  • The rental figure read out of the management agreement rather than the pack.
  • When the lease term starts: at signature or at handover.

The building itself, its programme and what Bang Tao does to a studio’s occupancy are on the VIP Tropika project review.

Frequently Asked Questions

Per square metre rather than in absolute terms. At 3,170,000 THB for 30 m² it works out at 105,667 THB per m², against 112,237 for the 45 m² one-bedroom P2219, 120,404 for the identical studio P2109 and 133,772 for the 61 m² two-bedroom P1601. It is also the smallest cheque, which is a separate thing and the reason most buyers arrive at it.

Not from the data, because the two match on every published field: 30 m², first floor, garden access, leasehold, furniture included, 3,170,000 THB. What separates them is which way each terrace faces and what stands in front of it, and neither is written down. Go and look at both, then negotiate knowing that two sellers hold the same product.

It is a percentage applied to the asking price on the sales sheet, not a rent quoted from a contract. The proof is on P2109: the identical apartment, priced 442,132 THB higher, is advertised with a higher baht figure for the same rent. Read the number out of the management agreement before you use it in a model.

Crowded, and it is the main risk at this ticket. When you come to sell, the owners of P1217 and P2109 are holding the same apartment and will be selling into the same enquiries, and by then the building will have released the rest of its studio stock too. Nothing distinguishes one from another except price, which means the exit is a price competition by construction. Buying the cheapest metre is the position that survives it best, which is the practical case for this lot.

The sinking fund at 11,936 THB, meter connections at 5,000, the transfer line at 31,700 and the first annual common-area charge at 21,485, which comes to 70,121 THB on top of the price. The first three are one-off; the 21,485 repeats every year whether the apartment is let or empty, so it is the figure to carry forward rather than the others.

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