1 Bedroom Condo for sale at Centric Ratchayothin

(1 Review)
Chantharakasem, Chatuchak,Bangkok
Unit ID: U471072
5% Rental Yield
1 Bedroom
1 Bathroom
30.29 SqM Size
8 Floor
Nov 2019 Completed

About This Condo

This property is a 30.29 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Centric Ratchayothin project in Chantharakasem, Bangkok and was completed in Nov 2019. You can buy this condo for a base price of ฿5,190,000 (฿171,344/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Apr 8, 2020
Updated 3 years ago
Property Type Condo
Floor 8
Bedroom 1
Size 30.29 SqM
Price per SqM ฿171,344
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, Company
Furniture
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) City View
Unit Type 1BR
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.
฿2,120/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U471072

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.
฿2,120/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.
20
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 Centric Ratchayothin, and the current sales price.
5%

Project Details

Project Name: Centric Ratchayothin
Construction: Completed (Nov 2019)
Floors: 21
Buildings: 1
Units: 261
Project Area: 3,511 SqM
Nearest Landmark Ratchayothin BTS - 0.3 Km
Location: Chantharakasem, Bangkok
Centric Ratchayothin 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
Reception / Lobby Area Reception / Lobby Area
Yoga Area Yoga Area
Co-Working Space / Meeting Room Co-Working Space / Meeting Room
Library / Reading Room Library / Reading Room
Lounge Lounge
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at Centric Ratchayothin

  • Communal Pool
    21st Floor
  • Communal Gym
    21st Floor
  • Library / Reading Room
    4th Floor
  • Co-Working Space / Meeting Room
    4th Floor
  • Communal Garden Area
    4th Floor
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Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
Upon contract signing
20%
2nd Installment
37 days after contract signing
80%
Installment Milestone Payment
Reservation Deposit
Immediately
฿500,000
1st Installment
Upon contract signing
20%
2nd Installment
37 days after contract signing
80%

Frequently Asked Questions

No pets are allowed at Centric Ratchayothin 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 ฿70 per square meter based on the size of indoor area of the property and is ฿2,120 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 Centric Ratchayothin the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Ratchayothin BTS is the nearest BTS Station from Centric Ratchayothin and it is 0.3 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.

 

Read more here

After you have found the right property at Centric Ratchayothin you have to follow these steps:

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

 


Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
Upon contract signing
20%
2nd Installment
37 days after contract signing
80%
Installment Milestone Payment
Reservation Deposit
Immediately
฿500,000
1st Installment
Upon contract signing
20%
2nd Installment
37 days after contract signing
80%

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

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Price Rating : Great Price
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FazWaz Estimate : ฿179,999
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Reviews

4.2 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Lovely condo suitable for who don't have a private car
Angelita Foree, Mexico, 3 years ago
It's one of the condos that meets the needs or urban lives like me. The project is located near the Phaholyothin BTS station, making it easy to travel to work and not tired of traveling when coming back from work. I could take the rest comfortably and decided to buy it. The location is good and suitable for the price paid. Inside the room includes a bedroom with a living room, kitchen and bathroom. It is fully furnished. Although the room is small, there are cabinets and shelves. It meets my needs because I love to collect things, allowing us to keep things tidier. Also, I love to use the swimming pool and a fitness room on the rooftop. The atmosphere in the evening is very relaxing. The view is beautiful. As for using a private car, I think it's not suitable here because it is very traffic jam. It's not recommended to use a private car. You'd better use public transport, which is much more convenient and not tired too.
Bangkok
Chantharakasem

Neighborhood Overview

Location and Neighborhood

Street View

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