State Tower Condo - Silom Road (Listing # PL10084)
State Tower Condo is a modern residential building which was completed in 2004. The condominium is located on Silom Road in the Silom community of central Bangkok. This Bangkok property is conveniently situated near the Saphan Taksin BTS station. You can walk to the skytrain station in about 6 minutes as it’s only 473 meters away from the Bangkok Condo.
The asking sale price for this Bangkok property is ฿25,000,000 THB (Thailand Baht) which equals ฿130,208 per square meter. As a buyer you will be responsible for a portion of the transfer fee, which may or may not be included in the asking price, please ask your Bangkok real estate agent before you view.
The properties commonly referred to as Silom real estate are situated in the area along Silom Road and in between Surawong and Sathorn Roads which run parallel. Other notable roads with high-end real estate in Silom are Convent Road and Sala Daeng Roads both which continue on to Sathorn.
Due to the limited availability and premium price of Silom real estate, the streets of Silom which are crowded and bustling during the week are very quiet on the weekends. Most people who work in Silom do not live there. Fortunately the commute to Silom is made easy with the Si Lom MRT station which is conjoined with the Sala Daeng BTS skytrain station which allows Bangkok residents to get there easily from all corners of Bangkok..
- Chulalongkorn University (Phaya Thai Rd.)
- Sacred Heart Convent School (Convent Rd.)
- St. Joseph Convent School (Convent Rd.)
- Lumpini Park (Rama IV Rd.)
- Silom Complex (Silom Rd.)
- Peninsula Plaza Shopping Center (Ratchadamri Rd.)
- Patpong Entertainment District (Silom Rd.)
- Russian Embassy (Sap Rd.)
- Bang Rak Hospital (Sathorn Rd.)
- BNH Hospital (Convent Rd.)
- King Chulalongkorn Memorial Hospital
There are fees associated with condo purchase that vary slightly but are pretty straight forward. In addition to the sale price which in this case is ฿25,000,000 the buyer is responsible for part (usually 50%) of the 2% transfer fee. The transfer fee is not based on the actual sale price, but the appraisal price from the land department. The seller is responsible for business tax, stamp duty and withholding tax. Along with the sale price, taxes and fees are somewhat negotiable. If you find a property you like, the purchase process usually begins by making a booking deposit along with preparing the sales contract, this holds the property and allowing you the time to prepare and execute the consequent funds transfers before the closing date determined in your contract.
Financing Your Bangkok Real Estate Purchase
Make sure you have your finances in order before viewing condos for sale. It is often difficult for foreigners to get financing for purchasing property in Thailand. If buying a property under your name with cash you must transfer the money into Thailand from a foreign bank. If you have a longstanding Thai corporation you can also purchase property using funds located in a Thailand bank account. If you are a first time Thailand real estate buyer it is best practice to hire an attorney who is well versed in Thai real estate laww.