Thailand PLS Real Estate

This 3 bedroom, 3 bathroom Thon Buri condominium unit with 183.56 square meters of living space is fully furnished and ready to move in. The unit is situated in Please contact your Bangkok real estate agent for more specifications about this Bangkok residence and the building amenities include fitness center in addition to full-time on-site security.

The condominium is located on Krung Thon Buri Road in the Thon Buri community of central Bangkok. The sathorn bridge Tower building is conveniently located just 350 meters to the Krung Thon Buri BTS Skytrain station which amounts to an easy 4 minute walk. The asking sale price for this Bangkok property is ฿9,200,000 THB (Thailand Baht) which equals ฿50,120 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.

Thon Buri or Thonburi is the area to the west of the Chao Phraya river. The vast majority of expats who live in Thonburi tend to live along the river. It is along the river where the majority of the new, Western standard luxury condominiums exist. Since being along the river can mean views of the river, most of the residential buildings are highrises.

Most of the condos and apartments for expats in Thonburi will also have a river taxi which goes directly to the other side of the river. This makes living in Thonburi more convenient as residents have the choice to drive, take the BTS at Krung Thon Buri station or just take the river to the Sathorn side of the river. In general, most expats who choose to live in Thonburi do it for the river views rather than the convenience.

• International Pioneers School (Charoen Nakorn Rd.)
• Pornprasart Wittaya School
• King Mongkut’s University of Technology
• All Sathorn Schools (East Side of River)

• Suphakhan Shopping Center
• Tha Ruea Klong San Plaza Shopping Center
• Taksin Hospital (Somdet Chaophraya Rd.)

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 ฿9,200,000 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.