The Element Rama 9

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Suan Luang, Suan Luang,Bangkok

Unit ID: U1038850
฿33,900,000
Bedroom
4 Bedrooms
Bathroom
6 Bathrooms
Indoor Area
450 SqM Indoor Area
Stairs
5 Storeys
Construction
Dec 2020 Completed

4 Bedroom House for sale at The Element Rama 9

This property is a 450 SqM house with 4 bedrooms and 6 bathrooms that is available for sale. It is part of the The Element Rama 9 project in Suan Luang, Bangkok and was completed in Dec 2020. You can buy this house for a base price of ฿33,900,000 (฿75,333/SqM).

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Property Type House
Storeys 5
Location Suan Luang, Suan Luang, Bangkok
Bedrooms 4
Nearest Landmark Hua Mak ARL -1.9 Km
Indoor Area 450 SqM
Price per SqM ฿75,333
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
110 SqM
Plot Size 228 SqM
House Ownership

Foreign nationals can own the building (house) in their own name but not the land that it stands on.

Foreign Ownership, Thai Ownership, Company
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Thai Ownership, Company
Land Title Deed N/A
Construction Completed (Dec 2020)
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Garden View
Unit Type 5 Storey
Parking Spots 6
Pool Size 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.
฿4,104/mo
Listed By
Developer
Date Listed Oct 27, 2021
Last Updated 2 months ago
Unit ID U1038850

Investment Opportunity: Charges & Yield

Sale Price
฿33,900,000
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.
฿4,104/mo

Project Details

Project Name: The Element Rama 9
Construction: Completed (Dec 2020)
Units: 27
Project Area: 6,400 SqM
Nearest Landmark Hua Mak ARL - 1.9 Km
Location: Suan Luang, Suan Luang, Bangkok
The Element Rama 9 Project Details

Available Units at The Element Rama 9

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Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
Upon contract signing
฿1,000,000
2nd Installment
On handover
100%

Frequently asked questions

All kind of pets are allowed at The Element Rama 9 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is ฿18 per square meter based on the plot size of the property and is ฿4,104 for this house. 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.
Hua Mak ARL is the nearest ARL from The Element Rama 9 and it is 1.9 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at The Element Rama 9 you have to follow these steps:

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

Installment Milestone Payment
Reservation Deposit
Immediately
฿200,000
1st Installment
Upon contract signing
฿1,000,000
2nd Installment
On handover
100%

 

Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.
  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)
  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

 

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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