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    2 Bedroom Condo for sale at The Room Phayathai
    Thanon Phaya Thai, Ratchathewi,Bangkok
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    Sale Price
    $360,000
    Schedule Viewing

    2 Bedroom Condo for sale at The Room Phayathai
    (2 Reviews)
    Unit ID: U776564
    3% Rental Yield
    Thanon Phaya Thai, Ratchathewi,Bangkok
    $360,000 Great Price
    2 Bedrooms
    2
    Bathrooms
    696 Sqft
    Size
    18
    Floor
    Dec 2020
    Completed
    5
    Sale Price
    $360,000
    Great Price

    About This Condo

    This property is a 696 Sqft condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Thanon Phaya Thai, Bangkok and was completed in Dec 2020. You can buy this condo for a base price of $360,000 ($517/Sqft).

    Features

    BalconyBalcony

    Basic Information

    Date Listed Apr 21, 2021
    Updated 3 years ago
    Property Type Condo
    Floor 18
    Bedrooms 2
    Size 696 Sqft
    Price per Sqft $517
    Pets Not Allowed
    Condo Ownership

    Foreign nationals can own condominium units as freehold owners in buildings where no more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if it is currently below 49%.

    Thai Quota
    Furniture
    A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
    Fully Furnished
    View(s) City View
    Unit Type N/A
    Building N/A
    CAM Fee
    The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
    $122/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U776564

    Investment Opportunity: Charges & Yield

    Sale Price
    $360,000
    CAM Fee
    The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
    $122/mo
    Price-to-Rent Ratio
    The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
    36
    Rental Yield
    This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 2 bedroom condos at The Room Phayathai, and the current sales price.
    3%

    Project Details

    Project Name: The Room Phayathai
    Developer: Land and Houses (Angel Real Estate Consultancy Co., Ltd.)
    Construction: Completed (Dec 2020)
    Floors: 38
    Buildings: 1
    Units: 437
    Project Area: 44,035 Sqft
    Nearest Landmark Ratchaprarop ARL - 0.3 Km
    Location: Thanon Phaya Thai, Bangkok
    The Room Phayathai Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Steam Room Steam Room
    Reception / Lobby Area Reception / Lobby Area
    Co-Working Space / Meeting Room Co-Working Space / Meeting Room
    Mini Theater Mini Theater
    Kids Pool Kids Pool
    Lounge Lounge
    Communal Garden Area Communal Garden Area
    Key card access Key card access

    Popular Facilities at The Room Phayathai

    • All
    • Fitness
    • Leisure
    • Convenience
    6
    • Reception / Lobby Area
      Ground Floor
    • Communal Garden Area
      8th Floor
    • Communal Pool
      37th Floor
    • Communal Gym
      38th Floor
    • Mini Theater
      2nd Floor
    • Lounge
      2nd Floor

    Available Units at The Room Phayathai

    For Sale 41 For Rent 6
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Available Units at The Room Phayathai
    $159,000
    $531/Sqft
    Beds Studio Beds
    Baths 1 Baths
    Size 299 Sqft Size
    Floor 15 Floor
    Thai Quota Partly Furnished City View
    Available Units at The Room Phayathai
    $220,000
    $541/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 406 Sqft Size
    Floor 11 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $380,000
    $542/Sqft
    Beds 2 Beds
    Baths 1 Baths
    Size 701 Sqft Size
    Floor 11 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $147,000
    $489/Sqft
    Beds Studio Beds
    Baths 1 Baths
    Size 301 Sqft Size
    Floor 25 Floor
    Thai Quota Fully Furnished
    Available Units at The Room Phayathai
    $225,000
    $554/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 406 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $386,000
    $550/Sqft
    Beds 2 Beds
    Baths 1 Baths
    Size 701 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $225,000
    $548/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 411 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $389,000
    $554/Sqft
    Beds 2 Beds
    Baths 1 Baths
    Size 701 Sqft Size
    Floor 17 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $182,000$191,000
    $603/Sqft
    Great Price
    Beds Studio Beds
    Baths 1 Baths
    Size 302 Sqft Size
    Floor 26 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $162,000
    $519/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 312 Sqft Size
    Floor 19 Floor
    Thai Quota Fully Furnished
    Available Units at The Room Phayathai
    $463,000
    $585/Sqft
    Beds 2 Beds
    Baths 2 Baths
    Size 790 Sqft Size
    Floor 19 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $214,000
    $526/Sqft
    Great Price
    Beds 1 Beds
    Baths 1 Baths
    Size 407 Sqft Size
    Floor 18 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $360,000
    $517/Sqft
    Great Price
    Beds 2 Beds
    Baths 2 Baths
    Size 696 Sqft Size
    Floor 18 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $227,000
    $558/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 406 Sqft Size
    Floor 17 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $399,000
    $529/Sqft
    Beds 2 Beds
    Baths 2 Baths
    Size 753 Sqft Size
    Floor 18 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $399,000
    $569/Sqft
    Beds 2 Beds
    Baths 1 Baths
    Size 701 Sqft Size
    Floor 17 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $227,000
    $553/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 411 Sqft Size
    Floor 17 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $237,000
    $584/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 406 Sqft Size
    Floor 26 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $423,000
    $561/Sqft
    Beds 2 Beds
    Baths 2 Baths
    Size 754 Sqft Size
    Floor 11 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $237,000
    $584/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 406 Sqft Size
    Floor 26 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $423,000
    $558/Sqft
    Beds 2 Beds
    Baths 2 Baths
    Size 759 Sqft Size
    Floor 11 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $410,000$421,000
    $585/Sqft
    Great Price
    Beds 2 Beds
    Baths 1 Baths
    Size 701 Sqft Size
    Floor 26 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $237,000
    $584/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 406 Sqft Size
    Floor 26 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $428,000
    $610/Sqft
    Beds 2 Beds
    Baths 1 Baths
    Size 701 Sqft Size
    Floor 30 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $428,000
    $610/Sqft
    Beds 2 Beds
    Baths 1 Baths
    Size 701 Sqft Size
    Floor 32 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $425,000
    $606/Sqft
    Good Price
    Beds 2 Beds
    Baths 1 Baths
    Size 701 Sqft Size
    Floor 26 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $429,000
    $565/Sqft
    Beds 2 Beds
    Baths 2 Baths
    Size 759 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $430,000
    $568/Sqft
    Beds 2 Beds
    Baths 2 Baths
    Size 758 Sqft Size
    Floor 17 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $429,000$449,000
    $569/Sqft
    Great Price
    Beds 2 Beds
    Baths 2 Baths
    Size 754 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished City View
    Available Units at The Room Phayathai
    $432,000
    $573/Sqft
    Beds 2 Beds
    Baths 2 Baths
    Size 754 Sqft Size
    Floor 17 Floor
    Foreign Quota Fully Furnished City View
    Get notified when new homes are being added to The Room Phayathai
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    Frequently Asked Questions

    No pets are allowed at The Room Phayathai unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    The common area maintenance fee is $2 per square meter based on the size of indoor area of the property and is $122 for this condo. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
    For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At The Room Phayathai the required payment for the sinking fund is $17 per square meter based on the size of the indoor area of the property.
    Ratchaprarop ARL is the nearest Airport Rail Link Station from The Room Phayathai and it is 0.3 km away.

    Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

    In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

    This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

     

    Read more here

    After you have found the right property at The Room Phayathai you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer

     


    Studio and 1 Bedroom
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $2,890
    Down Payment
    30 days after contract signing
    25%
    1st Installment
    5 months after contract signing
    75%
    2 Bedroom
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $5,780
    Down Payment
    30 days after contract signing
    25%
    1st Installment
    5 months after contract signing
    75%

    Read more here

    Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

    Read more here

    Reviews

    4.3 out of 5
    Based on
    2 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Near Chaturathit Road, Phaya Thai and Ratchadamri BTS Stations
    Vonda Dougan, United States, 4 years ago
    It has just been completed. I bought this condo because I love the room decor, very magnificent style. The room focuses on using white tone color, including built-in furniture and the room walls contrasting with marble, which is very elegant. The project location is situated in the city center near Chaturathit Road, Phaya Thai BTS station, and Ratchadamri BTS Station. Very convenient for traveling!
    This condo makes my life in BKK much easier
    Hannah Davis, United Kingdom, 7 years ago
    I made the right choice buying the room from this project. The price is reasonable considering the spacious usable area and quality furniture. Plus, it’s not far from expressways and only 5 mins to Victory Monument BTS. Also, there are complete facilities in common areas like jacuzzi, sauna room, swimming pool, steam room, gym and sky garden which is superb. More importantly, it’s not far from shops, restaurants, department stores, educational institutions, and hospitals like Center One Shopping Plaza, Rajavithi Hospital, and Mahidol University. This condo makes my life in BKK much easier.
    Bangkok
    Thanon Phaya Thai

    Neighborhood Overview

    Location and Neighborhood

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