Chewathai Residence Asoke

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Makkasan, Ratchathewi,Bangkok

Unit ID: U165743
4% Rental Yield
฿5,700,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
35.70 SqM Size
Floors
12 Floor
Construction
Dec 2016 Completed

1 Bedroom Condo for sale at Chewathai Residence Asoke

This property is a 35.70 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Chewathai Residence Asoke project in Makkasan, Bangkok and was completed in Dec 2016. You can buy this condo for a base price of ฿5,700,000 (฿159,664/SqM) and it is also available for long term rentals starting from ฿18,000 per month.

Basic Information

Property Type Condo
Floor 12
Bedroom 1
Size 35.70 SqM
Price per SqM ฿159,664
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if that is currently below 49%.

Thai Quota
Furniture
Unfurnished
View(s) N/A
Unit Type 1G
Building N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿2,856/mo
Listed By
Private Owner
Date Listed Jun 13, 2019
Last Updated 1 year ago
Unit ID U165743

Price Analysis

Great Price
Estimated market value ฿6,406,522
Great
฿6,080,000
Good
Fair
Above
฿7,060,000
Current asking Price: ฿5,700,000 | Advertised rental rate: ฿18,000/mo
This condo is ฿706,522 BELOW MARKET (-11%) in the Bangkok area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿5,700,000
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿2,856/mo
Rent
฿18,000/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
26
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
4%

Project Details

Developer: Chewathai
Construction: Completed (Dec 2016)
Floors: 29
Buildings: 1
Units: 315
Project Area: 2,424 SqM
Nearest Landmark Phra Ram 9 MRT - 0.4 Km
Location: Makkasan, Ratchathewi, Bangkok
Chewathai Residence Asoke Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Co-Working Space / Meeting Room Co-Working Space / Meeting Room
Kids Pool Kids Pool
BBQ Area BBQ Area
Lounge Lounge
Communal Garden Area Communal Garden Area
Laundry Facilities / Dry Cleaning Laundry Facilities / Dry Cleaning
Key card access Key card access

Popular Facilities at Chewathai Residence Asoke

  • Communal Pool
    7th Floor
  • Communal Gym
    7th Floor
  • Lounge
    7th Floor
  • Communal Garden Area
    29th Floor
  • Library / Reading Room
    7th Floor

Available Units at Chewathai Residence Asoke

For Sale 10 For Rent 8
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Available Units at Chewathai Residence Asoke
฿214,493
Beds 1 Beds
Baths 1 Baths
Size 34.50 SqM Size
Floor 13 Floor
Thai Quota Fully Furnished City View
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Available Units at Chewathai Residence Asoke
฿187,247
Beds 1 Beds
Baths 1 Baths
Size 37.01 SqM Size
Floor 9 Floor
Foreign Quota Fully Furnished City View
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Available Units at Chewathai Residence Asoke
-
Beds 1 Beds
Baths 1 Baths
Size 35 SqM Size
Floor 26 Floor
Thai Quota Fully Furnished City View
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Available Units at Chewathai Residence Asoke
฿163,889
Great Price
Beds 1 Beds
Baths 1 Baths
Size 36 SqM Size
Floor 14 Floor
Foreign Quota Fully Furnished City View
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Available Units at Chewathai Residence Asoke
฿147,980
Great Price
Beds 1 Beds
Baths 1 Baths
Size 35.14 SqM Size
Floor 12 Floor
Thai Quota Fully Furnished City View
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Available Units at Chewathai Residence Asoke
-
Beds Studio Beds
Baths 1 Baths
Size 35 SqM Size
Floor 22 Floor
Fully Furnished
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Available Units at Chewathai Residence Asoke
฿159,664
Great Price
Beds 1 Beds
Baths 1 Baths
Size 35.70 SqM Size
Floor 12 Floor
Thai Quota Unfurnished
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Available Units at Chewathai Residence Asoke
฿242,975
Good Price
Beds 1 Beds
Baths 1 Baths
Size 29.18 SqM Size
Floor 19 Floor
Foreign Quota Fully Furnished City View
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Available Units at Chewathai Residence Asoke
฿201,576
Beds 1 Beds
Baths 1 Baths
Size 32.99 SqM Size
Floor 12 Floor
Foreign Quota Fully Furnished City View
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Available Units at Chewathai Residence Asoke
฿195,638
Good Price
Beds 1 Beds
Baths 1 Baths
Size 31.64 SqM Size
Floor 12 Floor
Foreign Quota Fully Furnished City View
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Available Units at Chewathai Residence Asoke
฿141,667
Great Price
Beds 1 Beds
Baths 1 Baths
Size 36 SqM Size
Floor 16 Floor
Thai Quota Fully Furnished City View
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Available Units at Chewathai Residence Asoke
-
Beds 1 Beds
Baths 1 Baths
Size 33 SqM Size
Floor 28 Floor
Foreign Quota
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Available Units at Chewathai Residence Asoke
฿165,152
Beds 1 Beds
Baths 1 Baths
Size 39.60 SqM Size
Floor 18 Floor
Foreign Quota Fully Furnished City View
Get notified when new homes are being added to Chewathai Residence Asoke

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Frequently asked questions

No pets are allowed at Chewathai Residence Asoke unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿80 per square meter based on the size of indoor area of the property and is ฿2,856 for this condo. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At Chewathai Residence Asoke the required payment for the sinking fund is ฿1,000 per square meter based on the size of the indoor area of the property.
Phra Ram 9 MRT is the nearest MRT from Chewathai Residence Asoke and it is 0.4 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Chewathai Residence Asoke you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

Read more here

Sale Price : ฿5,759,000
Fazwaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
Fazwaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
Fazwaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
Fazwaz Estimate : ฿149,999
Price Rating : Fair Price

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Bangkok

Makkasan

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