4 Bedroom House for sale at ME-I Avenue Srinakarin

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Nong Bon, Prawet,Bangkok

Unit ID: U1368994

4 Bedrooms

5 Bathrooms

531 SqM Indoor Area

4 Storeys

Jan 2024 Completed

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Sale Price

฿47,800,000

Street View

About This House

This property is a 531 SqM house with 4 bedrooms and 5 bathrooms that is available for sale. It is part of the ME-I Avenue Srinakarin project in Nong Bon, Bangkok and was completed in Jan 2024. You can buy this house for a base price of ฿47,800,000 (฿90,019/SqM).

Features

Private Lift

Private Sauna

Private Garden

Terrace

Covered Parking

Maids Quarters

Balcony

Bathtub

Basic Information

Date Listed Jan 17, 2023

Updated 3 years ago

Property Type House (Single Detached)

Storeys 4

Location Nong Bon, Bangkok

Bedrooms 4

Nearest Landmark: Punnawithi BTS -4.5 Km

Indoor Area 531 SqM

Price per SqM ฿90,019

Outdoor Area

N/A

Plot Size 196 SqM

Pets Not Allowed

House Ownership

Foreign Ownership, Thai Ownership, Company

Land Ownership

Thai Ownership, Company

Land Title Deed N/A

Construction Completed (Jan 2024)

Furniture

Built In

View(s) Garden View, Unblocked Open View, Forest, Nature View

Unit Type A

Parking Spots 3

Pool Size N/A

CAM Fee

N/A

Listed By

Developer

Electricity Price N/A

Water Price N/A

Unit ID U1368994

Investment Opportunity: Charges & Yield

Sale Price

฿47,800,000

Project Details

Project Name: ME-I Avenue Srinakarin

Developer: Shinwa Real Estate (Thailand) Co., Ltd.

Construction: Completed (Jan 2024)

Units: 5

Project Area: N/A

Nearest Landmark: Punnawithi BTS - 4.5 Km

Location: Nong Bon, Bangkok

ME-I Avenue Srinakarin Project Details

Project Features

24H Security

CCTV (Video Surveillance)

Communal Garden Area

Available Units at ME-I Avenue Srinakarin

Loan Calculator

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Developer Payment Plan

Untitle

Installment Milestone Payment

Reservation Deposit

Immediately

฿200,000

1st Installment

Upon contract signing

10%

2nd Installment

Down Payment

20%

3rd Installment

On handover

70%

Frequently Asked Questions

No pets are allowed at ME-I Avenue Srinakarin unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.

Punnawithi BTS is the nearest BTS Station from ME-I Avenue Srinakarin and it is 4.5 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure.

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

After you have found the right property at ME-I Avenue Srinakarin you have to follow these steps:

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

Untitle

Installment Milestone Payment

Reservation Deposit

Immediately

58,000 kr SEK

1st Installment

Upon contract signing

10%

2nd Installment

Down Payment

20%

3rd Installment

On handover

70%

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years.

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

- Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.
- Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
- Is there a succession clause in the lease agreement that will allow inheritance of the lease?

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.