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132sqm/2Bed Ari Condo

฿20,000,000

Le Monaco - Phaya Thai 11 (Listing # PL10120)

Details

  • Price: ฿20,000,000
  • Property Name:Le Monaco
  • Property Type: Condo/Apartment,Highrise
  • Floors in Building: 28
  • Living Space: 132Sq.m.
  • Units in Building:
  • Bedrooms:2
  • Year Built:2011
  • Bathrooms:2
  • Date Available:Now
  • Reference:PL10120

This 2 bedroom, 2 bathroom Ari condominium unit with 132 square meters of living space is up for sale. This property is situated in Le Monaco which is a 28 floor residential highrise condominium/apartment building. The building amenities include swimming pool, sauna, fitness center in addition to full-time on-site security.

Le Monaco is a modern residential building which was newly completed in 2011. The condominium is located on Phaya Thai 11 in the Ari community of central Bangkok. This property is located within walking distance to the Ari BTS station. The station is about a 10 minute walk from the property which is about 849 meters away from the station.

The asking sale price for this Bangkok property is ฿20,000,000 THB (Thailand Baht) which equals ฿151,515 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.

Ari which is sometimes spelled as Aree is a late bloomer but is now a rapidly developing, fast growing expat community. Ari is the name for Phahol Yotin soi 7 (Soi Aree) but expats usually refer to Ari as the real estate in the areas along Phaya Thai Road from about Victory Monument BTS to Saphan Khwai BTS until Ari BTS skytrain station.

What many people like about the Ari community is the balanced mix of the traditional Thai style and the modern. Ari is not yet over crowded with super malls as much of Central Bangkok and retains some of Bangkok’s old charm including plentiful street stalls, local cafes and shops.

The prices for real estate in Ari including rentals is not as cheap as one would expect. Since Ari real estate is mostly new, the Western style, luxury condos are at a premium. As more and more properties become available the prices for Ari condos and apartment rentals should become stable as supply should soon be able to meet demand..
  • Raywadee School
  • Samsen Kindergarten
  • Suwitcha Kindergarten
  • Suanbua School
  • Moka Beauty
  • Samsenwittayalai School ? 1.3 km (4 minutes by car)
  • Moka Beauty, located within 190 m away (approximately 2 minutes by foot)
  • Sipathum University, Phaya Thai Campus
  • Public Relations School
  • Pinthip Kindergarten

  • Chatuchak Weekend Market (Kamphaeng Phet Rd.)
  • Victory Point Outdoor Bazaar (Phaya Thai Rd.)
  • Big C Superstore Saphan Khwai (Phaya Thai Rd.)
  • United Nations
  • La Villa Community Mall (Pahol Yothin Rd.)
  • Bangkok Cancer Center Hospital (Rama 6 Rd.)

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 ฿20,000,000 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.

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