The Teak Sathorn-Lumpini

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Thung Mahamek, Sathon,Bangkok

Unit ID: U79941
฿5,261,788 ฿5,411,059 Great Price
Bedroom
2 Bedrooms
Bathroom
1 Bathroom
Indoor Area
31.72 SqM Size
Floors
7 Floor
Construction
Nov 2019 Completed

2 Bedroom Condo for sale at The Teak Sathorn-Lumpini

This property is a 31.72 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the The Teak Sathorn-Lumpini project in Thung Mahamek, Bangkok and was completed in Nov 2019. You can buy this condo for a base price of ฿5,261,788 (฿165,882/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 7
Bedrooms 2
Size 31.72 SqM
Price per SqM ฿165,882
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, Thai Quota
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
Unit Type 2BR
Building N/A
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,745/mo
Listed By
Developer
Date Listed Jul 25, 2018
Last Updated 1 year ago
Unit ID U79941

Price Analysis

Great Price
Estimated market value ฿6,720,440
Great
฿4,710,000
Good
Fair
Above
฿7,650,000
Current asking Price: ฿5,261,788
This condo is ฿1,458,652 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
฿5,261,788
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,745/mo

Project Details

Project Name: The Teak Sathorn-Lumpini
Construction: Completed (Nov 2019)
Floors: 8
Buildings: N/A
Units: 78
Project Area: N/A
Nearest Landmark Khlong Toei MRT - 1 Km
Location: Thung Mahamek, Sathon, Bangkok
The Teak Sathorn-Lumpini 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 Teak Sathorn-Lumpini

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2 Beds
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฿165,882
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1 Beds
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Foreign Quota City View
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฿168,235
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1 Beds
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Frequently asked questions

The common area maintenance fee is ฿55 per square meter based on the size of indoor area of the property and is ฿1,745 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 Teak Sathorn-Lumpini the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Khlong Toei MRT is the nearest MRT from The Teak Sathorn-Lumpini and it is 1 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 Teak Sathorn-Lumpini 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
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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

Thung Mahamek

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