3 Bedroom Condo for sale at Oriental Towers

4 (1 Review)
Khlong Tan Nuea, Watthana,Bangkok
Unit ID: U148485
3% Rental Yield
฿30,000,000 Great Price
3 Bedrooms
3 Bathrooms
350 SqM Size
23 Floor
Jan 1995 Completed

About This Condo

This property is a 350 SqM condo with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Oriental Towers project in Khlong Tan Nuea, Bangkok and was completed in Jan 1995. You can buy this condo for a base price of ฿30,000,000 (฿85,714/SqM) and it is also available for long term rentals starting from ฿75,000 per month.

Features

Private LiftPrivate Lift Corner UnitCorner Unit Maids QuartersMaids Quarters BalconyBalcony

Basic Information

Property Type Condo
Floor 23
Bedrooms 3
Size 350 SqM
Price per SqM ฿85,714
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
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) Park View, 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.
฿12,250/mo
Listed By
Private Owner
Date Listed Nov 27, 2018
Last Updated 2 years ago
Unit ID U148485

Price Analysis

Great Price
Estimated market value ฿47,212,359
Great
฿44,700,000
Good
Fair
Above
฿64,900,000
Current asking Price: ฿30,000,000 | Advertised rental rate: ฿75,000/mo
This condo is ฿17,212,359 BELOW MARKET (-36%) 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

Sale Price
฿30,000,000
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.
฿12,250/mo
Rent
฿75,000/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.
33
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
3%

Project Details

Project Name: Oriental Towers
Developer: N/A
Construction: Completed (Jan 1995)
Floors: 33
Buildings: N/A
Units: 70
Project Area: N/A
Nearest Landmark Ekkamai BTS - 1.3 Km
Location: Watthana, Bangkok
Oriental Towers Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)

Available Units at Oriental Towers

For Sale 7 For Rent 6
Get notified when new homes are being added to Oriental Towers

Loan Calculator

Frequently Asked Questions

No pets are allowed at Oriental Towers 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 ฿35 per square meter based on the size of indoor area of the property and is ฿12,250 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.
Ekkamai BTS is the nearest BTS Station from Oriental Towers and it is 1.3 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 Oriental Towers 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 out of 5 4
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Condo in the Prosperity District
4 Paweena K., Thailand, 6 years ago
I rented a 2-bedroom at Oriental Towers Condo. The living space in the room is suitable for my living entirely. I rented regarding the condo is located in the center of the amenities, where there is everything, such as shopping malls, restaurants, and near to the Ekkamai BTS Station. It is very convenient to travel. The project's facilities are also complete, whether it is a swimming pool, a fitness center, and what I am impressed with is the sauna, because I usually use it. In terms of the security system, it is very secure. I don't have to worry. I was very impressed with this condo.
Bangkok
Khlong Tan Nuea

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Oriental Towers

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