The Collection 16

4.71 (4 Reviews)

Khlong Toei, Khlong Toei,Bangkok

Unit ID: U281723
5% GUAR. RETURN FOR 2 YEARS
฿6,788,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
35.82 SqM Size
Floors
9 Floor
Construction
Mar 2021 Completed

1 Bedroom Condo for sale at The Collection 16

This property is a 35.82 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Collection 16 project in Khlong Toei, Bangkok and was completed in Mar 2021. You can buy this condo for a base price of ฿6,788,000 (฿189,503/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 9
Bedroom 1
Size 35.82 SqM
Price per SqM ฿189,503
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%.

Foreign Quota
Furniture
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Built In
View(s) City View, Blocked View
Unit Type 1BR
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.
฿2,507/mo
Listed By
Developer
Date Listed Jan 27, 2020
Last Updated 1 year ago
Unit ID U281723

Price Analysis

Great Price
Estimated market value ฿9,109,286
Great
฿8,800,000
Good
Fair
Above
฿9,500,000
Current asking Price: ฿6,788,000
This condo is ฿2,321,286 BELOW MARKET (-25%) 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
฿6,788,000
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.
฿2,507/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.
20
Guaranteed Rental Return
5%
Guarantee Duration
2 Years

Project Details

Project Name: The Collection 16
Developer: Siamese Asset
Construction: Completed (Mar 2021)
Floors: 41
Buildings: 1
Units: 518
Project Area: N/A
Nearest Landmark Asok BTS - 0.7 Km
Location: Khlong Toei, Khlong Toei, Bangkok
The Collection 16 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at The Collection 16

Get notified when new homes are being added to The Collection 16

Loan Calculator

Payment Plan

Foreign Quota
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%

Frequently asked questions

The common area maintenance fee is ฿70 per square meter based on the size of indoor area of the property and is ฿2,507 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 The Collection 16 the required payment for the sinking fund is ฿900 per square meter based on the size of the indoor area of the property.
The Collection 16 offers a guaranteed rental return of 5% (based on the purchase price of the property) for a duration of 2 Years.
Read more here.
Asok BTS is the nearest BTS from The Collection 16 and it is 0.7 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 The Collection 16 you have to follow these steps:

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

 


Foreign Quota
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
2nd Installment
On handover
70%

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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Reviews

4.7 out of 5 4.71
Based on
4 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
A luxury condo in Sukhumvit area with good spacious parking
4.3 Jonny Guan, Singapore, 8 months ago
If you don't like to use public transport, the project here definitely meets your requirements because it has automatic and ordinary parking. It comprises 2 buildings, which are extremely spacious and comes with premium-grade materials and decoration. Even though it was recently completed, there were many residents, and most of them are foreigners. This condo is near my office, where I can walk for about 10-15 minutes. You can also connect to various places in Bangkok easily by Asoke BTS and Sukhumvit MRT, for a 10-minute walk and close Terminal 21 shopping center. The condo facilities include a swimming pool, sky-bar, a conference room, and a fully equipped gym.
Comfy travel, close to the park
5 Stephenie Arbour, Canada, 10 months ago
I am very interested in this project and believe that the project will have a great view. Apart from a good location, the project is located near Benjakitti Park. Convenient travel. The atmosphere is inviting to live in and highly private. The one-bedroom unit is suitable for living alone as the room may not be large. The room space is well allocated. There are a lot of facilities in a common area such as the meeting room, a swimming pool, and a reception. The parking lot is ample. Now the project is almost finished. I'm so excited.
Near Asoke BTS with complete facilities
4.5 Rikki Carman, United States, 1 year ago
I bought a 2 bedroom unit because I love the design, which is beautiful, luxurious, and modern. The project location is located in the city center near Asoke BTS. The project site includes a communal pool, a gym, sky lounge, sky bar, car parking, and an excellent security system, easy and convenient for life in the future. I, therefore, decided to buy it then.
It is a new project in the center.
5 Rebecca Reiher, United States, 1 year ago
It is a new project in the center of Soi Sukhumvit 16, not far from Asoke BTS, about 10 minutes walk. There is a Family Mart where you can find essentials for an opening for 24 hours in front of the alley. This neighborhood is a somewhat busy district. It's crowded because there are many offices around the area. Anyways, it is not my problem because I bought it for investment and rent out. The room I purchased is a large one-bedroom at almost 70 SqM with simply luxurious decoration. The built-in furniture from leading brands is quite extraordinary. From the room, I can see the charming Benjakitti Park view. Friendly staff with excellent service. Another highlight is the atmosphere from the rooftop bar, fabulous!

Bangkok

Khlong Toei

Neighborhood Overview

Location and Neighborhood

Street View

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