New Nordic VIP 5 (Marcus 1), Pratumnak: Full Condo Review
Also marketed as "Marcus 1", VIP 5 offers 1-bedroom units around a ground-level garden pool on Pratumnak Hill.
What it costs to buy here
Prices below come from actual sale and resale listings, not developer asking prices.
| Unit type | Area | Price (THB) | THB / sqm |
|---|---|---|---|
| 1 Bedroom(Resale unit) | 40 m² | — | — |
New Nordic VIP 5, also marketed under the name "Marcus 1", is part of the New Nordic VIP series on Pratumnak Hill — the same numbered family as VIP 2, VIP 3 and VIP 6 "Kristine". It's built around a ground-level garden pool with loungers, similar in style to VIP 6 rather than a rooftop amenity deck.
Who It Suits
VIP 5 / Marcus 1 suits buyers after a larger 1-bedroom layout than the typical New Nordic studio, in the same established Pratumnak Hill location, with a quieter ground-level pool setting. No resale pricing has been recorded for this building yet — check with an agent for current availability.
Rental yield in Pratumnak
A 40 sqm 1-bedroom is larger than the typical New Nordic studio, worth a look for buyers wanting more space without leaving the same well-known location — though no resale price has been recorded for this building yet.
Amenities on site
Ground-level garden pool with loungers
Shaded courtyard seating
24/7 security
Pratumnak: the district and what's nearby
Pratumnak is the hillside district between central Pattaya and Jomtien — quieter than the centre, close to the sea, and one of the more established residential areas for foreign buyers.
The area, in short
- A quiet, hillside setting away from the busiest tourist strips
- Close to the sea — most buildings are a short walk from a beach entrance
- One of Pattaya's more established markets for expat and long-stay rentals
- A good mix of restaurants, cafes and everyday amenities
- Central Pattaya and Walking Street are just a short drive away when you want them
Good to know
- It's hilly around here, so a few buildings mean stairs or a short, steep walk
- Some sois are narrow, and street parking can be tight in spots
- Malls and hypermarkets are a few kilometres away — you'll need a ride, not walkable
- Hot season (April–May) runs noticeably warmer on south-facing slopes
What's nearby
- Cosy Beach / Pratumnak beach access5–10 min walk (varies by building)
- Big Buddha Hill (Wat Phra Yai)10–15 min walk
- Pratumnak viewpoint5–10 min by car
- Walking Street10–15 min by car
- Central Pattaya / Central Festival mall10–15 min by car
- Bali Hai Pier (ferries to Koh Larn)10–15 min by car
- Apartwell — our officeIn Pratumnak
- Golden Trip — tours & excursionsIn Pratumnak
Taxes and fees when buying in Thailand
Standard costs for any foreign buyer picking up a condo unit in Thailand — the same structure applies right across Pratumnak.
| Transfer fee | 2% of registered price | Usually split or negotiated between parties, though the buyer often ends up covering it |
| Specific Business Tax | 3.3% of price (if the seller owned it under 5 years) | Seller's responsibility by law, though it's often negotiated |
| Stamp duty | 0.5% of price (applies instead of SBT if exempt) | Seller |
| Withholding tax | 1% of appraised value for companies, progressive rate for individuals | Seller |
| Legal and due diligence fees | Usually 15,000–30,000 THB | Buyer |
Thailand doesn't tax foreign-sourced rental income remitted from abroad the way it taxes Thai-sourced income — but the rules shifted in 2024 and now hinge on your personal tax residency. Talk to a Thai tax lawyer before you bank on any specific number.
Buying as a foreigner: how it works
It's a fairly standard process for Thailand, and most of it can be handled remotely.
- Reserve the unitA reservation deposit — typically 50,000–100,000 THB — takes the unit off the market while due diligence and contracts get sorted.
- Due diligenceA lawyer checks the title deed (Chanote), confirms the building still has room under its foreign-ownership quota, and looks for any debts or liens on the unit.
- Sign the sale and purchase agreementThe price, payment schedule and transfer date all go in writing. If you're not in Thailand, it can be signed remotely and couriered over.
- Transfer funds from abroadForeign buyers need to bring the purchase funds into Thailand in foreign currency, then get a Foreign Exchange Transaction (FET) form from the receiving bank — this is required to register foreign ownership.
- Transfer at the Land OfficeBoth parties, or their representatives holding power of attorney, complete the transfer and pay the fees and taxes at the local Land Department office.
How it stacks up against other buildings in the same family
| Building | Unit type | Area | Price (THB) | THB / sqm |
|---|---|---|---|---|
| New Nordic Club 1, Pratumnak: Full Condo Review | Studio | 29 m² | 1,200,000 | 41,379 |
| New Nordic Club 3, Pratumnak: Full Condo Review | Studio | 28 m² | 1,100,000 | 39,286 |
| New Nordic Marcus 2, Pratumnak: Full Condo Review | 1 Bedroom | 50 m² | 1,800,000 | 36,000 |
| New Nordic Marcus 3, Pratumnak: Full Condo Review | Studio | 30 m² | 1,400,000 | 46,667 |
| New Nordic Suites 4, Pratumnak: Full Condo Review | 2 Bedrooms | 49 m² | 2,000,000 | 40,816 |
| New Nordic Suites 5, Pratumnak: Full Condo Review | 2 Bedrooms | 50 m² | 2,000,000 | 40,000 |
| New Nordic Suites 6, Pratumnak: Full Condo Review | Big Studio | 41 m² | 2,000,000 | 48,780 |
| New Nordic Trend 3 (Mango & Coconut), Pratumnak: Full Condo Review | Studio | 26 m² | 1,050,000 | 40,385 |
| New Nordic Trend 5, Pratumnak: Full Condo Review | 2 Bedrooms | 50 m² | 2,500,000 | 50,000 |
| New Nordic VIP 2, Pratumnak: Full Condo Review | Studio | 29 m² | 1,300,000 | 44,828 |
| New Nordic VIP 4, Pratumnak: Full Condo Review | Studio | 81 m² | 2,800,000 | 34,568 |
Frequently asked questions
Why is New Nordic VIP 5 also called Marcus 1?
VIP 5 is marketed under both names — New Nordic VIP 5 and Marcus 1 — referring to the same building within the wider New Nordic development on Pratumnak Hill.
What size are the units at VIP 5 / Marcus 1?
A 1-bedroom unit runs 40 sqm — larger than the typical New Nordic studio layout.
Does VIP 5 have a rooftop pool?
No — it has a ground-level garden pool with loungers, similar in style to VIP 6 "Kristine" rather than the rooftop decks used at some other New Nordic buildings.
Can a foreigner legally own a condo in Thailand?
Yes. Foreigners can hold freehold title to a condo unit directly in their own name, as long as the building's foreign-ownership quota — capped at 49% of total saleable area — still has room left. Your name goes on the Chanote, the official title deed.
What is a Chanote?
A Chanote is Thailand's strongest form of title deed for land or a unit, issued and guaranteed by the Land Department. Each condo unit has its own Chanote, and when you buy, the deed gets re-issued in your name at the Land Office.
What is a Foreign Exchange Transaction (FET) form and why does it matter?
It's a form issued by your Thai bank confirming the purchase funds arrived from abroad in foreign currency. The Land Department needs it to register a unit as foreign-owned freehold — without it, the transfer simply can't go through in your name.
Can I get a mortgage as a foreigner buying in Thailand?
Thai banks rarely lend to foreign buyers, and when they do, it's usually at higher rates and shorter terms than a local mortgage. Most foreign buyers end up paying cash, though some developers and sellers offer instalment plans directly. Worth asking about on a case-by-case basis.
Is my deposit safe during the purchase process?
It should sit with a licensed lawyer, or in an escrow arrangement written into the sale and purchase agreement, and only get released to the seller on completion. Confirm in writing how and where your deposit is held before you transfer anything.
How long does the whole purchase process take?
For a straightforward resale unit, expect 3-6 weeks from reservation to registered transfer, depending on how fast documents and funds move. Off-plan purchases, or ones waiting on an FEC, can take longer.
Can I complete the purchase entirely remotely, without visiting Thailand?
Yes, in most cases. Contracts get signed and couriered, funds move by international wire transfer, and a lawyer holding power of attorney can attend the Land Office transfer for you.
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