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4Bed/244.76sqm Nana Condo

฿25,500,000

Oleander - Sukhumvit 11 (Listing # PL5818)

Details

  • Price: ฿25,500,000
  • Property Name:Oleander
  • Property Type: Condo/Apartment,Highrise
  • Floors in Building: 27
  • Living Space: 245Sq.m.
  • Units in Building:78
  • Bedrooms:4
  • Year Built:2007
  • Bathrooms:4
  • Date Available:Now
  • Reference:PL5818

This 4 bedroom, 4 bathroom Nana condominium unit with 244.76 square meters of living space is fully furnished and ready to move in. The unit is situated in Oleander a modern residential highrise building with 27 floors and 78 units total. The condominium was completed in 2007 and the building amenities include swimming pool, fitness center,sauna,garden,childrens playground,spa,squash in addition to full-time on-site security.

The condominium is located on Sukhumvit 11 in the Nana, Lower Sukhumvit community of central Bangkok. Oleander is located within 800 meters of the Nana BTS Skytrain station, you can walk there from the building in about 9 minutes The asking sale price for this Bangkok property is ฿25,500,000 THB (Thailand Baht) which equals ฿104,184 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.

Bangkok’s Nana community sits at the beginning of Sukhumvit Road and is also referred to as lower Sukhumvit. Nana which is the name given to Sukhumvit soi 4 is very busy area notorious for its nightlife, hotels, restaurants and diversity. Nana includes the area on the north side of Sukhumvit Road from soi 1 to 17 and soi 2-10 on the south side.

Nana is a very conveniently located place to live for expats in central Bangkok. There are 3 BTS skytrain stations (Asok, Nana & Phloenchit) within walking distance in addition to the MRT subway (Sukhumvit MRT) and there in an entrance to the expressway/tollway as well. The Nana area is very diverse with people from all over the world living in the vibrant area.

Nana tends to have a larger percentage of budget real estate than mid Sukhumvit. These mid-range and budget condominium and apartment buildings help make Nana very popular with new Bangkok expats. The convenience along and cost of living are often the reasons why people love living in Nana but over time some long-term Bangkok expats tend to get turned off by the constant hustle and bustle of an area often crowded with tourists. Those who want to feel like they live in a city that never sleeps will find Nana to be a perfect home while those who enjoy peace and quiet may want to look to other areas of central Bangkok.

  • RC International School (Ruamrudee soi 1)
  • Mullberryhouse International Preschool (Soi Tonson)
  • Phloenchit International Kindergarten (Sukhumvit soi 4)
  • Topsy Turvy International School (Sukhumvit soi 4)
  • British School of Bangkok (Sukhumvit soi 4)
  • Webster University (Phloenchit Road)
  • Mater Dei School (Phloenchit Road)
  • NIST New International School of Thailand (Sukhumvit soi 15)
  • Wattana Wittaya Acadamy (Sukhumvit soi 19)

  • Sukhumvit soi 11 Nightlife Hotspots
  • Chuvit Garden (Sukhumvit Rd.)
  • Benjakitti Park (Ratchadaphisek Rd.)
  • Bumrungrad Hospital (Sukhumvit soi 1-3)
  • Expressway (tollway) Entrance (Sukhumvit soi 1)

Buying a condominium in Thailand as a foreigner is a relatively simple process as it not subject to the many rules and regulations of land ownership. Most condominiums in Bangkok have foreign quota available. Foreign quota means the title deed (chanote) can be in a foreigners name. If a condominium building’s Thai ownership is less than 51%, the remaining units will be Thai quota. Thai quota means they can only be purchased by a Thai national. If you are a foreign national married to a Thai, you can purchase a Thai quota property but it must be in the Thai name.

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 ฿25,500,000 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, holding the property and allowing you the time to prepare the consequent funds transfers.

Financing

Make sure you have your finances in order before viewing condos for sale. It is often difficult for foreigners to get financing for purchasing Thai properties. 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 money located in Thailand.

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