State Tower Condo - Silom Road (Listing # PL150050)
The condominium is located on Charoen Krung Rd in the Silom community of central Bangkok. The State Tower Condo building is conveniently located just 473 meters to the Sapan Taksin BTS Skytrain station which amounts to about a 6 minute walk. The asking sale price for this Bangkok property is ฿7,500,000 THB (Thailand Baht) which equals ฿110,294 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.
The properties commonly referred to as Silom real estate are situated in the area along Silom Road and in between Surawong and Sathorn Roads which run parallel. Other notable roads with high-end real estate in Silom are Convent Road and Sala Daeng Roads both which continue on to Sathorn.
Due to the limited availability and premium price of Silom real estate, the streets of Silom which are crowded and bustling during the week are very quiet on the weekends. Most people who work in Silom do not live there. Fortunately the commute to Silom is made easy with the Si Lom MRT station which is conjoined with the Sala Daeng BTS skytrain station which allows Bangkok residents to get there easily from all corners of Bangkok.
- Chulalongkorn University (Phaya Thai Rd.)
- Sacred Heart Convent School (Convent Rd.)
- St. Joseph Convent School (Convent Rd.)
- Lumpini Park (Rama IV Rd.)
- Silom Complex (Silom Rd.)
- Peninsula Plaza Shopping Center (Ratchadamri Rd.)
- Patpong Entertainment District (Silom Rd.)
- Russian Embassy (Sap Rd.)
- Bang Rak Hospital (Sathorn Rd.)
- BNH Hospital (Convent Rd.)
- King Chulalongkorn Memorial Hospital
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 ฿6,300,000 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, holding the property and allowing you the time to prepare the consequent funds transfers.
Make sure you have your finances in order before viewing condos for sale. It is often difficult for foreigners to get financing for purchasing Thai properties. 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 money located in Thailand.