President Place

4.5 (1 Review)

Lumphini, Pathum Wan,Bangkok

Unit ID: U61442
8% Rental Yield
฿8,780,000 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
90 SqM Size
Floors
16 Floor
Construction
Dec 1999 Completed

2 Bedroom Condo for sale at President Place

This property is a 90 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the President Place project in Lumphini, Bangkok and was completed in Dec 1999. You can buy this condo for a base price of ฿8,780,000 (฿97,556/SqM) and it is also available for long term rentals starting from ฿55,000 per month.

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 16
Bedrooms 2
Size 90 SqM
Price per SqM ฿97,556
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%.

Leasehold
Furniture
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) City View, Blocked View
Unit Type N/A
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.
N/A
Listed By
Private Owner
Date Listed Jan 18, 2018
Last Updated 1 year ago
Unit ID U61442

Price Analysis

Great Price
Estimated market value ฿11,902,777
Great
฿9,920,000
Good
Fair
Above
฿10,200,000
Current asking Price: ฿8,780,000 | Advertised rental rate: ฿55,000/mo
This condo is ฿3,122,777 BELOW MARKET (-26%) 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
฿8,780,000
Rent
฿55,000/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.
13
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.
8%

Project Details

Project Name: President Place
Developer: President Place
Construction: Completed (Dec 1999)
Floors: 27
Buildings: 1
Units: 168
Project Area: 4,000 SqM
Nearest Landmark Chit Lom BTS - 0.3 Km
Location: Lumphini, Pathum Wan, Bangkok
President Place Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Spa Spa
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Walking / Running Track Walking / Running Track
Yoga Area Yoga Area
BBQ Area BBQ Area
Library / Reading Room Library / Reading Room
Communal Garden Area Communal Garden Area
Back Up Generators Back Up Generators
Key card access Key card access

Popular Facilities at President Place

  • Communal Pool
    8th Floor
  • Communal Gym
    8th Floor
  • Library / Reading Room
    8th Floor

Available Units at President Place

For Sale 2 For Rent 11
Get notified when new homes are being added to President Place

Loan Calculator

Frequently asked questions

No pets are allowed at President Place unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Chit Lom BTS is the nearest BTS from President Place and it is 0.3 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 President Place 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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Reviews

4.5 out of 5 4.5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Decent room with full furniture
4.5 Claire White, Australia, 3 years ago
I love this location as it is not far from Chidlom BTS station. You can walk for less than 5 minutes. The project itself may look a bit old, but the inside is still okay. The room I stayed in is a two-bedroom room, decent size, full furniture. The design may not look modern. A lot of people say it's a bit old-fashioned, but I like it. I think it's vintage. The pool is not very wide, so it can't be used for exercise. If you are going to sit and chill, it is considered okay, good atmosphere. The price is quite reasonable considering its location in the prime area.

Bangkok

Lumphini

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby President Place

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Location
Number of units
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Project Name
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Monthly Rentals
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Number of units
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Pathum Wan, Bangkok, Thailand
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Number of units
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