Ficus Lane - Sukhumvit 44/1 (Listing # PL5862)
Ficus Lane is a modern residential building which was newly completed in 2009. The condominium is located on Sukhumvit 44/1 in the Phra Khanong, Upper Sukhumvit community of central Bangkok. For public transit, this Bangkok condo is located convenient to the Phra Khanong BTS station. The skytrain is only 350 meters away so you can walk there in about 4 minutes.
The asking sale price for this Bangkok property is ฿48,000,000 THB (Thailand Baht) which equals ฿109,000,000,000 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.
Phra Khanong features a good variety of newer (2010+) mid-range luxury highrise and lowrise condos and apartments. The area is becoming rapidly developed with shopping malls, restaurants and various shops and services opening up seemingly every day so the property values and rental prices will surely be on the rise in the near future..
- Bangkok Adventist International School (Sukhumvit soi 71)
- Sanghirun School (Sukhumvit soi 73)
- Srivikorn School (Sukhumvit Rd.)
- Tesco Lotus (Sukhumvit soi 50)
- Kluai Nam Thai 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 ฿48,000,000 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.