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Located in the peaceful yet highly connected Bang Chak – Sukhumvit corridor, this residence at Life Sukhumvit 62 offers the perfect combination of privacy, greenery, and city convenience.
One of the most attractive features of this unit is its spacious balcony, allowing residents to enjoy outdoor relaxation while overlooking an open landscape view — a rare benefit in Bangkok’s urban condominiums.
The project sits just 3 minutes’ walk from BTS Bang Chak, providing effortless access to Bangkok’s major business districts such as On Nut, Thonglor, and Asoke. Despite the excellent connectivity, the neighborhood maintains a quiet and residential atmosphere, making it highly appealing for expats and long-term residents.
This unit is particularly attractive as an investment opportunity thanks to its estimated rental yield of approximately 5%, supported by consistent demand from expatriates working along the Sukhumvit line.
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Foreign nationals can own condominium units as freehold owners in buildings where no 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 it is currently below 49%.
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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.
After you have found the right property at Life Sukhumvit 62 you have to follow these steps:
Foreign Quota Installment Milestone Payment 1st Installment Booking fee + Contract Fee 20% deposit within 7 days 20% 2nd Installment Within 45 days after the booking date 80%
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.