This property is a 34 SqM condo with 1 bedroom and 1 bathroom that is available for rent. It is part of the Klass Langsuan project in Lumphini, Bangkok and was completed in May 2015. You can rent this condo for ฿35,000 per month and it is also available for sale for ฿9,290,000.
These 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.
For a new condominium project, 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 ultimately, its value in the future.