Thailand PLS Real Estate

This 1 bedroom, 12 bathroom Thonglor condominium unit with 55 square meters of living space is fully furnished and ready to move in. The unit is situated in Eight Thonglor a modern residential highrise building with 34 floors and 196 units total. The condominium was completed in 2009 and the building amenities include swimming pool, fitness center,sauna,garden,childrens playground in addition to full-time on-site security.

The condominium is located on Thonglor 8 in the Thonglor, Mid Sukhumvit community of central Bangkok. Eight Thonglor is located within 788 meters of the Thong Lo BTS Skytrain station, you can walk there from the building in about 9 minutes The asking sale price for this Bangkok property is ฿8,200,000 THB (Thailand Baht) which equals ฿149,091 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.

Thonglor could be the most sought-after and exclusive residential area in all of Bangkok. Thonglor which is sometimes spelled as Thong Lo or Thong Lor is a popular place to live in central Bangkok because it has a residential, neighborhood-like feel and is devoid of the giant shopping malls and tourist traps which exist in large quantities in other parts of Sukhumvit. The Thonglor residential area has some of the finest ritzy shopping boutiques and upscale dining/nightlife in all of Bangkok in addition to many fine service orientated businesses. Thonglor also tends to have less traffic congestion than the surrounding areas which makes it a highly desirable place for expats and high society to make their long-term homes in Bangkok.

The real estate which is considered Thonglor begins from parts of Sukhumvit soi 49 all the way to Ekkamai Sukhumvit soi 63 (Ekkamai) which is connected to Thonglor thorough Thonglor’sois 10, 15 and 20. The properties on the even side of Sukhumvit Road around sois 34-38 all the way to Rama IV Road are also considered Thonglor real estate. This area tends to be less sought-after by expats because there isn’t much to do in this neighborhood as it is entirely residential homes which could be inconvenient for some expats who frequent Thonglor’s vast array of dining,shopping and nightlife venues.

• American School of Bangkok (Sukhumvit soi 49)
• City School (Sukhumvit soi 49/4)
• Wells International School (Sukhumvit soi 51)
• Bangkok Prep International School (Sukhumvit soi 53)
• Seeh Phinong International Kindergarten (Sukhumvit soi 55/17)
• Purple Elephant Toddler Center (Sukhumvit soi 55/1)
• Kobato International Kindergarten (Sukhumvit soi 38)
• Melodies International Kindergarten (Sukhumvit soi 38)

• J Avenue Boutique Shopping Mall (Thonglor soi 15)
• Arena 10 Sports Club (Thonglor soi 10)
• Thonglor Town Center (Thonglor soi 4)
• Racquet Club (Sukhumvit soi 49/9)
• Camillian Hospital (Thonglor soi 25)

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 ฿8,200,000 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.