2 Bedroom Condo for sale at Siamese Ratchakru

(1 Review)
Sam Sen Nai, Phaya Thai,Bangkok
Unit ID: U59312
4% Rental Yield
2 Bedrooms
2 Bathrooms
61.22 SqM Size
25 Floor
Dec 2013 Completed

About This Condo

This property is a 61.22 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Siamese Ratchakru project in Sam Sen Nai, Bangkok and was completed in Dec 2013. You can buy this condo for a base price of ฿9,700,000 (฿158,445/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Dec 26, 2017
Updated 3 years ago
Property Type Condo
Floor 25
Bedrooms 2
Size 61.22 SqM
Price per SqM ฿158,445
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%.

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, Blocked View
Unit Type N/A
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.
฿3,061/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U59312

Price Analysis

Great Price
Estimated market value ฿10,779,569
Great
฿10,100,000
Good
Fair
Above
฿10,800,000
Current asking Price: ฿9,700,000 | Rental estimate: ฿32,400/mo
This condo is ฿1,079,569 BELOW MARKET (-10%) 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.
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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.
฿3,061/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.
25
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 2 bedroom condos at Siamese Ratchakru, and the current sales price.
4%

Project Details

Project Name: Siamese Ratchakru
Construction: Completed (Dec 2013)
Floors: 27
Buildings: N/A
Units: 282
Project Area: N/A
Nearest Landmark Ari BTS - 0.4 Km
Location: Sam Sen Nai, Bangkok
Siamese Ratchakru 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
Communal Garden Area Communal Garden Area
Key card access Key card access
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Available Units at Siamese Ratchakru

For Sale 8 For Rent 10
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Frequently Asked Questions

No pets are allowed at Siamese Ratchakru 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 ฿50 per square meter based on the size of indoor area of the property and is ฿3,061 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.
Ari BTS is the nearest BTS Station from Siamese Ratchakru and it is 0.4 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 Ratchakru you have to follow these steps:

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

 


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
Luxury condo, located in the business center, convenient to travel
Rickie Petri, United Kingdom, 5 years ago
It is a beautiful and fantastic condo in a convenient location near 2 BTS stations, offering a beautiful view. I spent a month staying here to travel to Bangkok and nearby places. So, I choose to relax at this condo; it is a 2-bedroom condo, but the price is relatively high. Also, it is conveniently located near shopping malls and many delicious restaurants. So, I consider it a perfect choice for me. The facilities are also complete, ideal for relaxing, including a swimming pool and extensive sky gardens, offering a fantastic Bangkok's city scenery and ambiance. The only disadvantage here is that there are insufficient car parking spaces that I am a little bit bored looking for a parking space at a time. On the other hand, the receptionist at the lobby and the security guards are cute and friendly, giving a sense of warmth.
Bangkok
Sam Sen Nai

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Siamese Ratchakru

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Villa Rachakhru
Location
Sam Sen Nai, Phaya Thai, Bangkok
Number of units
70
Sales Prices
฿7.1M
Monthly Rentals
฿32K - ฿65K
Year Built
Dec 2005
Completion Status
Completed
Location
Sam Sen Nai, Phaya Thai, Bangkok
Number of units
79
Sales Prices
฿8.8M - ฿9.5M
Monthly Rentals
฿16K - ฿28K
Year Built
Jan 2011
Completion Status
Completed
Location
Sam Sen Nai, Phaya Thai, Bangkok
Number of units
516
Sales Prices
฿4.5M - ฿9.57M
▼ -4.1% underpriced
Monthly Rentals
฿17K - ฿35K
Year Built
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Completed
Location
Sam Sen Nai, Phaya Thai, Bangkok
Number of units
54
Sales Prices
฿4.99M - ฿6.3M
Monthly Rentals
฿22K - ฿42K
Year Built
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Completion Status
Completed
Location
Sam Sen Nai, Phaya Thai, Bangkok
Number of units
94
Sales Prices
฿5.68M
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Monthly Rentals
N/A
Year Built
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Completion Status
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Project Name
Noble Around Ari
Location
Sam Sen Nai, Phaya Thai, Bangkok
Number of units
611
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฿5.43M - ฿11.9M
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Monthly Rentals
฿22K
Year Built
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Project Name
The Vertical Aree
Location
Sam Sen Nai, Phaya Thai, Bangkok
Number of units
189
Sales Prices
฿5.46M - ฿14.5M
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Monthly Rentals
฿21K - ฿45K
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Completion Status
Completed
Project Name
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Location
Sam Sen Nai, Phaya Thai, Bangkok
Number of units
114
Sales Prices
฿7.99M - ฿46M
Monthly Rentals
N/A
Year Built
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Completion Status
Off Plan
Project Name
Noble Lite
Location
Sam Sen Nai, Phaya Thai, Bangkok
Number of units
217
Sales Prices
฿8.92M
▼ -18% underpriced
Monthly Rentals
฿14K - ฿30K
Year Built
Jan 2006
Completion Status
Completed
Project Name
FYNN Aree
Location
Sam Sen Nai, Phaya Thai, Bangkok
Number of units
79
Sales Prices
฿4.9M - ฿10M
Monthly Rentals
฿19K - ฿35K
Year Built
Apr 2017
Completion Status
Completed
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