Studio Condo for sale at Rhythm Asoke 2

(2 Reviews)
Makkasan, Ratchathewi,Bangkok
Unit ID: U78414
4% Rental Yield
Tenant-Occupied until Jun 1, 2024
Studio Bedroom
1 Bathroom
29.20 SqM Size
24 Floor
Feb 2017 Completed

About This Condo

This property is a 29.20 SqM studio condo with 1 bathroom that is available for sale. It is part of the Rhythm Asoke 2 project in Makkasan, Bangkok and was completed in Feb 2017. You can buy this condo for a base price of ฿5,300,000 (฿181,507/SqM) and it is also available for long term rentals starting from ฿17,000 per month.

Basic Information

Date Listed Jun 27, 2018
Updated 3 years ago
Property Type Condo
Floor 24
Bedroom Studio
Size 29.20 SqM
Price per SqM ฿181,507
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
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) N/A
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.
฿2,044/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U78414

Price Analysis

Great Price
Estimated market value ฿5,640,781
Great
฿4,750,000
Good
Fair
Above
฿6,550,000
Current asking Price: ฿5,300,000 | Advertised rental rate: ฿17,000/mo
This condo is ฿340,781 BELOW MARKET (-6%) 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
฿5,300,000
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.
฿2,044/mo
Rent
฿17,000/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.
26
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.
4%

Project Details

Project Name: Rhythm Asoke 2
Developer: AP (Thailand)
Construction: Completed (Feb 2017)
Floors: 30
Buildings: 1
Units: 346
Project Area: 2,512 SqM
Nearest Landmark Phra Ram 9 MRT - 0.4 Km
Location: Makkasan, Bangkok
Rhythm Asoke 2 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
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Walking / Running Track Walking / Running Track
Onsen Onsen
Communal Garden Area Communal Garden Area
Back Up Generators Back Up Generators

Popular Facilities at Rhythm Asoke 2

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    8th Floor
  • Communal Gym
    8th Floor

Available Units at Rhythm Asoke 2

For Sale 19 For Rent 29
Available Units at Rhythm Asoke 2
฿5,800,000
฿207,143/SqM
Beds 1 Beds
Baths 1 Baths
Size 28 SqM Size
Floor 20 Floor
Fully Furnished City View
Updated 3 weeks ago
Available Units at Rhythm Asoke 2
฿4,377,500
฿190,326/SqM
Great Price
Beds Studio Beds
Baths 1 Baths
Size 23 SqM Size
Floor 29 Floor
Thai Quota Fully Furnished City View
Available Units at Rhythm Asoke 2
฿4,995,500
฿180,213/SqM
Great Price
Beds Studio Beds
Baths 1 Baths
Size 27.72 SqM Size
Floor 29 Floor
Thai Quota Fully Furnished City View
Available Units at Rhythm Asoke 2
฿4,650,000
฿160,345/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 29 SqM Size
Floor 18 Floor
Thai Quota Fully Furnished City View
Available Units at Rhythm Asoke 2
฿5,700,000
฿129,545/SqM
Beds 2 Beds
Baths 1 Baths
Size 44 SqM Size
Floor 23 Floor
Foreign Quota Fully Furnished City View
Available Units at Rhythm Asoke 2
฿5,300,000
฿181,507/SqM
Great Price
Beds Studio Beds
Baths 1 Baths
Size 29.20 SqM Size
Floor 24 Floor
Foreign Quota Fully Furnished
Available Units at Rhythm Asoke 2
฿3,914,000
฿166,553/SqM
Great Price
Beds Studio Beds
Baths 1 Baths
Size 23.50 SqM Size
Floor 19 Floor
Thai Quota Fully Furnished City View
Available Units at Rhythm Asoke 2
฿3,000,000
฿111,111/SqM
Great Price
Beds Studio Beds
Baths 1 Baths
Size 27 SqM Size
Floor 23 Floor
Foreign Quota Partly Furnished Skyline View
Available Units at Rhythm Asoke 2
฿4,000,000฿5,000,000
฿142,857/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 28 SqM Size
Floor 2 Floor
Available Units at Rhythm Asoke 2
฿3,300,000
฿143,478/SqM
Beds Studio Beds
Baths 1 Baths
Size 23 SqM Size
Floor 28 Floor
Thai Quota Fully Furnished City View
Available Units at Rhythm Asoke 2
฿4,500,000
฿155,172/SqM
Great Price
Beds Studio Beds
Baths 1 Baths
Size 29 SqM Size
Floor 13 Floor
Thai Quota Fully Furnished City View
Available Units at Rhythm Asoke 2
฿7,500,000
฿170,999/SqM
Great Price
Beds 2 Beds
Baths 1 Baths
Size 43.86 SqM Size
Floor 8 Floor
Thai Quota Partly Furnished City View
Available Units at Rhythm Asoke 2
฿8,490,000
฿194,368/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 43.68 SqM Size
Floor 27 Floor
Thai Quota Fully Furnished City View
Available Units at Rhythm Asoke 2
฿5,200,000
฿185,714/SqM
Beds 1 Beds
Baths 1 Baths
Size 28 SqM Size
Floor 28 Floor
Thai Quota Fully Furnished City View
Available Units at Rhythm Asoke 2
฿6,200,000
฿206,667/SqM
Beds 1 Beds
Baths 1 Baths
Size 30 SqM Size
Floor 27 Floor
Thai Quota Fully Furnished City View
Updated 2 months ago
Available Units at Rhythm Asoke 2
฿4,600,000฿4,700,000
฿158,621/SqM
Beds 1 Beds
Baths 1 Baths
Size 29 SqM Size
Floor 12 Floor
Thai Quota Fully Furnished City View
Updated 1 month ago
Available Units at Rhythm Asoke 2
฿4,200,000
฿149,413/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 28.11 SqM Size
Floor 10 Floor
Thai Quota Fully Furnished City View
Updated 1 week ago
Available Units at Rhythm Asoke 2
฿3,453,500
฿150,152/SqM
Great Price
Beds Studio Beds
Baths 1 Baths
Size 23 SqM Size
Floor 12 Floor
Thai Quota Fully Furnished City View
Updated 1 month ago
Available Units at Rhythm Asoke 2
฿7,750,000
฿184,524/SqM
Great Price
Beds 2 Beds
Baths 1 Baths
Size 42 SqM Size
Floor 36 Floor
Thai Quota Fully Furnished City View
Get notified when new homes are being added to Rhythm Asoke 2
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Frequently Asked Questions

No pets are allowed at Rhythm Asoke 2 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 ฿70 per square meter based on the size of indoor area of the property and is ฿2,044 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 Rhythm Asoke 2 the required payment for the sinking fund is ฿600 per square meter based on the size of the indoor area of the property.
Phra Ram 9 MRT is the nearest MRT Station from Rhythm Asoke 2 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 Rhythm Asoke 2 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

Do you own a property at Rhythm Asoke 2?

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Reviews

4 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Inside the new central business district
Marciano brewster, Netherlands, Visitor, 3 years ago
This condo is located on one of Bangkok's most congested intersections and in the heart of Rama 9. The project is ideally for people that work in this neighborhood. There is lots of shopping, entertainment and dining choices in this area against a fare price. The quality of the units are mediocre
Quality condo with a relaxing atmosphere
Kannita A., Thailand, 5 years ago
I bought this 1 bedroom and 2 bedroom condo. The project is decorated in a Japanese style, simple and modern. It also includes all the facilities, such as the swimming pool, gym, sauna, garden, car parking, and the security system. I bought those two rooms here many years ago to rent them out because this condo is located in the new CBD of Bangkok. Of course! This area is dense with the population who come to work and live. In addition, this area is surrounded by office buildings, various government agencies, as well as a large shopping center like CentralPlaza Grand Rama 9. This project is located in the central city and filled with numerous amenities that perfectly meet everyday life needs. For me, it is considered a good option for living or speculative purposes. It's such a worthwhile investment, and the prices are reasonable compared to this prime location.
Bangkok
Makkasan

Neighborhood Overview

Location and Neighborhood

Street View

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