The Iris

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Suan Luang, Suan Luang,Bangkok

Unit ID: U404749
฿1,900,000 Great Price
Bedroom
2 Bedrooms
Bathroom
1 Bathroom
Indoor Area
27 SqM Size
Floors
8 Floor
Construction
Jan 2009 Completed

2 Bedroom Condo for sale at The Iris

This property is a 27 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the The Iris project in Suan Luang, Bangkok and was completed in Jan 2009. You can buy this condo for a base price of ฿1,900,000 (฿70,370/SqM).

Features

BalconyBalcony TVTV

Basic Information

Property Type Condo
Floor 8
Bedrooms 2
Size 27 SqM
Price per SqM ฿70,370
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
Specific items of furniture can be requested in the sale, or buyers can offer to purchase some or all of it. When negotiating a deal, either party can suggest that such items be included in the sale price.
Negotiable
View(s) City View, Pool View, Garden View, Unblocked Open 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.
฿600/mo
Listed By
Private Owner
Date Listed Feb 26, 2020
Last Updated 1 year ago
Unit ID U404749

Price Analysis

Great Price
Estimated market value ฿2,434,075
Great
฿1,810,000
Good
Fair
Above
฿3,150,000
Current asking Price: ฿1,900,000
This condo is ฿534,075 BELOW MARKET (-22%) 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
฿1,900,000
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.
฿600/mo

Project Details

Project Name: The Iris
Developer: Iris Group
Construction: Completed (Jan 2009)
Floors: 8
Buildings: 8
Units: 1152
Project Area: 20,309 SqM
Nearest Landmark Hua Mak ARL - 0.7 Km
Location: Suan Luang, Suan Luang, Bangkok
The Iris 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

Available Units at The Iris

For Sale 3 For Rent 2
Get notified when new homes are being added to The Iris

Loan Calculator

Frequently asked questions

No pets are allowed at The Iris 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 ฿25 per square meter based on the size of indoor area of the property and is ฿600 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 Iris the required payment for the sinking fund is ฿300 per square meter based on the size of the indoor area of the property.
Hua Mak ARL is the nearest ARL from The Iris 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 Iris 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

Suan Luang

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Location and Neighborhood

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