2 Bedroom Condo for sale at Groove Ratchada - Rama 9

(1 Review)
Din Daeng, Din Daeng,Bangkok
Unit ID: U250215
2 Bedrooms
1 Bathroom
32.43 SqM Size
8 Floor
Dec 2020 Completed

About This Condo

This property is a 32.43 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the Groove Ratchada - Rama 9 project in Din Daeng, Bangkok and was completed in Dec 2020. You can buy this condo for a base price of ฿4,241,491 (฿130,789/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Nov 25, 2019
Updated 3 years ago
Property Type Condo
Floor 8
Bedrooms 2
Size 32.43 SqM
Price per SqM ฿130,789
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 Xtend Plus
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.
฿1,881/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U250215

Price Analysis

Above Average
Estimated market value ฿3,737,651
Great
฿3,190,000
Good
Fair
Above
฿5,430,000
Current asking Price: ฿4,241,491 | Rental estimate: ฿13,500/mo
This condo is ฿503,840 ABOVE MARKET (13%) 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.
฿1,881/mo

Project Details

Project Name: Groove Ratchada - Rama 9
Construction: Completed (Dec 2020)
Floors: 8
Buildings: 1
Units: 154
Project Area: 1,428 SqM
Nearest Landmark Phra Ram 9 MRT - 0.7 Km
Location: Din Daeng, Bangkok
Groove Ratchada - Rama 9 Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Walking / Running Track Walking / Running Track
Yoga Area Yoga Area
Co-Working Space / Meeting Room Co-Working Space / Meeting Room
Mini Theater Mini Theater
Communal Garden Area Communal Garden Area
Key card access Key card access
Shuttle Bus Shuttle Bus

Popular Facilities at Groove Ratchada - Rama 9

  • Reception / Lobby Area
    Ground Floor
  • Car Parking
    Ground Floor
  • Communal Pool
    Rooftop
  • Communal Gym
    Rooftop
  • Communal Garden Area
    Rooftop
  • Lounge
    Rooftop
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Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
2nd Installment
On handover
100%

Frequently Asked Questions

No pets are allowed at Groove Ratchada - Rama 9 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 ฿58 per square meter based on the size of indoor area of the property and is ฿1,881 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 Groove Ratchada - Rama 9 the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Phra Ram 9 MRT is the nearest MRT Station from Groove Ratchada - Rama 9 and it is 0.7 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 Groove Ratchada - Rama 9 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
฿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

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FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
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Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
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Reviews

4.5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
What a beautiful minimal-style condo!
Angela M., Australia, 2 years ago
This is a new condo project on Soi Ratchadaphisek 3, next to The Chinese Embassy, ​​easy to find the entrance. It is also near Fortune Town, Lotus Fortune Town, Central Rama 9, and other shopping malls, shops, and restaurants. The project is ideal for those who love a minimalist decorating style. The design is beautiful. There is a swimming pool, a fitness center, an outdoor mini-theater, and car parks available for the residents, but each area is quite small, and parking is highly insufficient for every unit. This condo is suitable for anyone who uses public transportation because the project includes a shuttle bus service to the MRT station. The room is well-designed and functional, but it can only accommodate 1-2 people.
Bangkok
Din Daeng

Neighborhood Overview

Location and Neighborhood

Street View

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