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76.23sqm/2Bed Nana Condo

฿10,672,200

Hyde Sukhumvit - Sukhumvit 13 (Listing # PL10331)

Details

  • Price: ฿10,672,200
  • Property Name:Hyde Sukhumvit 13
  • Property Type: Condo/Apartment,Highrise
  • Floors in Building: 455
  • Living Space: 76Sq.m.
  • Units in Building:40
  • Bedrooms:2
  • Year Built:2014
  • Bathrooms:2
  • Date Available:Now
  • Reference:PL10331

This 2 bedroom, 2 bathroom Nana condominium unit with 76.23 square meters of living space is up for sale. This property is situated in Hyde Sukhumvit which is a high quality, modern luxury highrise condominium/apartment with 455 units throughout the 40 floor building. The building amenities include swimming pool, fitness center in addition to full-time on-site security.

Hyde Sukhumvit is a modern residential building which was newly completed in 2013. The condominium is located on Sukhumvit 13 in the Nana, Lower Sukhumvit community of central Bangkok. For public transit, this Bangkok condo is located convenient to the Nana BTS station. The skytrain is only 270 meters away so you can walk there in about 3 minutes.

The asking sale price for this Bangkok property is ฿10,672,200 THB (Thailand Baht) which equals ฿140,000 per square meter. As a buyer you will be responsible for a portion of the transfer fee, which may or may not be included in the asking price, please ask your Bangkok real estate agent before you view.

Bangkok’s Nana community sits at the beginning of Sukhumvit Road and is also referred to as lower Sukhumvit. Nana which is the name given to Sukhumvit soi 4 is very busy area notorious for its nightlife, hotels, restaurants and diversity. Nana includes the area on the north side of Sukhumvit Road from soi 1 to 17 and soi 2-10 on the south side.

Nana is a very conveniently located place to live for expats in central Bangkok. There are 3 BTS skytrain stations (Asok, Nana & Phloenchit) within walking distance in addition to the MRT subway (Sukhumvit MRT) and there in an entrance to the expressway/tollway as well. The Nana area is very diverse with people from all over the world living in the vibrant area.

Nana tends to have a larger percentage of budget real estate than mid Sukhumvit. These mid-range and budget condominium and apartment buildings help make Nana very popular with new Bangkok expats. The convenience along and cost of living are often the reasons why people love living in Nana but over time some long-term Bangkok expats tend to get turned off by the constant hustle and bustle of an area often crowded with tourists. Those who want to feel like they live in a city that never sleeps will find Nana to be a perfect home while those who enjoy peace and quiet may want to look to other areas of central Bangkok..

  • RC International School (Ruamrudee soi 1)
  • Mullberryhouse International Preschool (Soi Tonson)
  • Phloenchit International Kindergarten (Sukhumvit soi 4)
  • Topsy Turvy International School (Sukhumvit soi 4)
  • British School of Bangkok (Sukhumvit soi 4)
  • Webster University (Phloenchit Road)
  • Mater Dei School (Phloenchit Road)
  • NIST New International School of Thailand (Sukhumvit soi 15)
  • Wattana Wittaya Acadamy (Sukhumvit soi 19)

  • Sukhumvit soi 11 Nightlife Hotspots
  • Chuvit Garden (Sukhumvit Rd.)
  • Benjakitti Park (Ratchadaphisek Rd.)
  • Bumrungrad Hospital (Sukhumvit soi 1-3)
  • Expressway (tollway) Entrance (Sukhumvit soi 1)

Buying a condominium in Thailand as a foreigner is a relatively simple process as it not subject to the many rules and regulations of land ownership. Most condominiums in Bangkok have foreign quota available. Foreign quota means the title deed (chanote) can be in a foreigners name. If a condominium building’s Thai ownership is less than 51%, the remaining units will be Thai quota. Thai quota means they can only be purchased by a Thai national. If you are a foreign national married to a Thai, you can purchase a Thai quota property but it must be in the Thai name.

There are fees associated with condo purchase that vary slightly but are pretty straight forward. In addition to the sale price which in this case is ฿10,672,200 the buyer is responsible for part (usually 50%) of the 2% transfer fee. The transfer fee is not based on the actual sale price, but the appraisal price from the land department. The seller is responsible for business tax, stamp duty and withholding tax. Along with the sale price, taxes and fees are somewhat negotiable. If you find a property you like, the purchase process usually begins by making a booking deposit along with preparing the sales contract, this holds the property and allowing you the time to prepare and execute the consequent funds transfers before the closing date determined in your contract.

Financing Your Bangkok Real Estate Purchase

Make sure you have your finances in order before viewing condos for sale. It is often difficult for foreigners to get financing for purchasing property in Thailand. If buying a property under your name with cash you must transfer the money into Thailand from a foreign bank. If you have a longstanding Thai corporation you can also purchase property using funds located in a Thailand bank account. If you are a first time Thailand real estate buyer it is best practice to hire an attorney who is well versed in Thai real estate laww.

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