Chatrium Residence - Charoen Krung 70 (Listing # PL5584)
Chatrium Residence is a modern residential building which was newly completed in 2008. The condominium is located on Charoen Krung 70 in the Rama III community of central Bangkok. This property is located 1300 meters away from the Saphan Thaksin BTS station which may or may not be within comfortable walking distance. To walk from the station to the condo and vice versa will take you about 14 minutes.
The asking sale price for this Bangkok property is ฿19,800,000 THB (Thailand Baht) which equals ฿107,609 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.
What Rama 3 lacks in convenience, it makes up for in cost of living. The prices for real estate and condo/apartment rentals along Rama 3 Road are significantly less expensive than Sathorn/Sukhumvit. As an added bonus, since Rama 3 is along the river, there are several condominiums with river views, which simply is impossible in more Central Bangkok..
- Watdan School (Rama 3 soi 34)
- Wat Khlong Mai School (Rama 3 soi 53)
- New Sathorn International School (Narathiwas soi 24)
- Shrewsbury International School (Charoen Krung Rd.)
- Central Rama III Shopping Center (Sathupradit Rd.)
- Tesco Lotus (Narathiwas Rd.)
- Expressway Rama 3
- Asiatique The Riverfront (Charoen Krung Rd.)
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 ฿19,800,000 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.