1 Bedroom Condo for sale at Siamese Sukhumvit 87

(1 Review)
Bang Chak, Phra Khanong,Bangkok
Unit ID: U68035
4% Rental Yield
1 Bedroom
1 Bathroom
42.15 SqM Size
17 Floor
Feb 2021 Completed

About This Condo

This property is a 42.15 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Siamese Sukhumvit 87 project in Bang Chak, Bangkok and was completed in Feb 2021. You can buy this condo for a base price of ฿6,544,400 (฿155,265/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Mar 14, 2018
Updated 3 years ago
Property Type Condo
Floor 17
Bedroom 1
Size 42.15 SqM
Price per SqM ฿155,265
Pets Not Allowed
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Foreign Quota, Thai Quota
Furniture
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Built In
View(s) City View
Unit Type 1BR - 1A
Building N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿2,529/mo
Listed By
Each listing provided by partnered agents is individually verified by FazWaz. Partner Agents work for different brokerages or property management companies but have teamed up with FazWaz so that we can provide you a wider choice of properties
Agent / Partner
Electricity Price Government Rate
Water Price Government Rate
Unit ID U68035

Price Analysis

Great Price
Estimated market value ฿7,757,732
Great
฿7,450,000
Good
Fair
Above
฿7,860,000
Current asking Price: ฿6,544,400 | Rental estimate: ฿22,400/mo
This condo is ฿1,213,332 BELOW MARKET (-16%) in the Bangkok area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿2,529/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
24
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at Siamese Sukhumvit 87, and the current sales price.
4%

Project Details

Project Name: Siamese Sukhumvit 87
Construction: Completed (Feb 2021)
Floors: 25
Buildings: 1
Units: 372
Project Area: 1,600 SqM
Nearest Landmark On Nut BTS - 0.6 Km
Location: Bang Chak, Bangkok
Siamese Sukhumvit 87 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area

Popular Facilities at Siamese Sukhumvit 87

  • Communal Pool
    1st Floor
  • Communal Gym
    1st Floor
  • Yoga Area
    1st Floor
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Get notified when new homes are being added to Siamese Sukhumvit 87
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Loan Calculator

Payment Plan

FQ
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%
TQ
Installment Milestone Payment
Reservation Deposit
Immediately
฿10,000
1st Installment
Upon contract signing
฿50,000
2nd Installment
On handover
100%

Frequently Asked Questions

No pets are allowed at Siamese Sukhumvit 87 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿60 per square meter based on the size of indoor area of the property and is ฿2,529 for this condo. This fee has to be paid 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 Siamese Sukhumvit 87 the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
On Nut BTS is the nearest BTS Station from Siamese Sukhumvit 87 and it is 0.6 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.

 

Read more here

After you have found the right property at Siamese Sukhumvit 87 you have to follow these steps:

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

 


FQ
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%
TQ
Installment Milestone Payment
Reservation Deposit
Immediately
฿10,000
1st Installment
Upon contract signing
฿50,000
2nd Installment
On handover
100%

Read more here

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.

Read more here

Sale Price : ฿5,759,000
FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
FazWaz Estimate : ฿149,999
Price Rating : Fair Price

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Reviews

4.3 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Loft units - double ceiling height
Marciano brewster, Netherlands, Visitor, 3 years ago
Lofts are definitely in trend, and have a functional layout. Due to the high ceiling (4.2m) the units feel very spacious regardless of their floor size. Clever storage opportunities and the kitchen can be separated from the living room with a sliding door.
Bangkok
Bang Chak

Neighborhood Overview

Location and Neighborhood

Street View

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