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32sqm/StudioBed Condo

฿1,290,000

Regent home condo - (Listing # PL10951)

Details

  • Price: ฿1,290,000
  • Property Name:Regent home condo
  • Property Type: Condo/Apartment
  • Floors in Building:
  • Living Space: 32Sq.m.
  • Units in Building:
  • Bedrooms:Studio
  • Year Built:
  • Bathrooms:1
  • Date Available:Now
  • Reference:PL10951

    This studio, 1 bathroom condominium unit with 32 square meters of living space is up for sale. This property is situated in Regent home condo. The building amenities include in addition to full-time on-site security.

    For any further information about this property, please contact your Bangkok, Thailand real estate agent. The condominium is located on in the community of central Bangkok.

    The asking sale price for this Bangkok property is ฿1,290,000 THB (Thailand Baht) which equals ฿40,313 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.

    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 ฿1,290,000 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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