Prime 11 - Sukhumvit 11 (Listing # PL10026)
Prime 11 is a modern residential building which was newly completed in 2010. The condominium is located on Sukhumvit 11 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 395 meters away so you can walk there in about 4 minutes.
The asking sale price for this Bangkok property is ฿45,000,000 THB (Thailand Baht) which equals ฿135,952 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.
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)
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 ฿45,000,000 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 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.