Lumpini Park Riverside Rama 3

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Bang Phongphang, Yan Nawa, Bangkok

For Sale 4 Units ฿2,400,000
For Rent 2 Units ฿12,000
Construction
Dec 2011 Completed
Floors
36 Floors
Units
2,405 Units

Lumpini Park Riverside Rama 3 in Bang Phongphang, Bangkok

Lumpini Park Riverside Rama 3 is a condo and apartment project located in Bang Phongphang, Bangkok and was completed in Dec 2011. It has 2405 units across 36 floors and was developed by LPN Development, who is also behind The Selected Kaset-Ngam Wongwan, Lumpini Park Phahon 32 and Lumpini Place Rama 3-Riverine.

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Facilities

Leisure
Leisure
Communal Pool Communal Pool
Indoor Kids Zone Indoor Kids Zone
Sauna Sauna
Fitness
Fitness
Communal Gym Communal Gym
Convenience
Convenience
On Site Restaurant On Site Restaurant
Car Parking Car Parking
Safety
Safety
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)

Management

Common Area Management Fee
Common Area Management Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿35/SqM
Sinking Fund
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 Lumpini Park Riverside Rama 3 the required payment for the sinking fund is ฿350 per square meter based on the size of the indoor area of the property.
฿350/SqM

Master Plan

About the Developer - LPN Development

All LPN Development Projects
63 Projects 84,081 Units

L.P.N. Development Public Co., Ltd. is the developer of residential condominium. Our vision and mission are to achieve sustainable development and growth.  Triple Bottom Line framework, a measure of sustainability that includes financial, social and environmental performance measures, has been applied in the establishment of the operational goal of the Company. “6 GREEN LPN” strategy showcases the responsibility towards eight groups of stakeholders from ten property development processes in order to maintain the balance of the business operation and enhance stable growth. 

PLANET ENVIRONMENT
The operation of the Company as a real estate developer has impacts on the society and environment on various aspects. The Company, therefore, focuses on reducing the impacts of the development of the project during the development process (in process) in terms of the project design and construction and takes care of the environment and quality of life of the residents and neighboring communities after the handover of the project.

LPN Way comprises two milestone values i.e. "continuous development" and "respect for stakeholders". The seven components of the values are "CLASSIC" which is integrated into the operation of the Company and is adhered to by all segments of the Company. It has been developed into the organization values (LPN Values) and LPN Way with an aim to achieve the goal of the operation both in terms of quality and quantity and to drive the Company towards "sustainable development and growth".

The vision of the Company has been revised every three years in order for the Company to achieve sustainable growth targets
by taking into account the balance of both quantitative and qualitative rewards for all stakeholders as well as social and environmental responsibilities. The operation of the Company is in accordance with the principles of good governance, ethics and integrity. A mission statement will be developed annually to reflect the changing environments. The organization is driven by the core competencies of the employees which derived from the experiences during the difficult time of the economic crisis in 1997. At present, the Company has developed the said core competencies into a corporate value of the organization which is embedded in the mind of the employees of all levels.

Frequently asked questions

Frequently asked questions about Lumpini Park Riverside Rama 3
The common area maintenance fee at Lumpini Park Riverside Rama 3 is ฿35 per square meter based on the size of the indoor area 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 Lumpini Park Riverside Rama 3 the required payment for the sinking fund is ฿350 per square meter based on the size of the indoor area of the property.
Centralplaza Rama 3 is the nearest Shopping Mall from Lumpini Park Riverside Rama 3 and it is 2.3 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

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After you have found the right property at Lumpini Park Riverside Rama 3 you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 

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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.

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Bangkok

Bang Phongphang

Neighborhood Overview of Bang Phongphang, Bangkok

Neighborhood Overview

Location and Neighborhood

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Surrounding area

Lumpini Park Riverside Rama 3 is conveniently located just 640 m from 7-Eleven, which can be reached within 8 mins. by foot.

There are many other shops situated in the area of Lumpini Park Riverside Rama 3, the 3 closest being:
- 7-Eleven is 950 m away (about 12 mins. by foot)
- 108 Shop is 720 m away (about 9 mins. by foot)
- 7-Eleven is 1.0 km away (an approx. drive of 7 mins.)

The surrounding area, where Lumpini Park Riverside Rama 3 is situated, offers a wide variety of restaurants. See the closest of them below:
- Khao duck curry shop is 640 m away (a walk of about 8 mins.)
- Rice is 730 m away (a walk of about 9 mins.)
- Neua Toon Thanam Sathu Pradit is 880 m away (a walk of about 11 mins.)

PK Medical Clinic is the nearest health facility, which is 1.5 km away (you can drive there in 7 mins.) from the project, while the closest schools in the proximity of Lumpini Park Riverside Rama 3 are:
- Ticktock Gym is 30 m away (about 1 min. by foot)
- Ministry of Education, Yannawa District is 0.8 km away (an approx. drive of 4 mins.)
- Our Lady of Justice Kindergarten is 1.2 km away (an approx. drive of 6 mins.)

Suvarnabhumi Airport is located 42.7 km from Lumpini Park Riverside Rama 3 and it takes about 41 mins. by car or taxi (depending on the traffic) to get there.

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