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    2 Bedroom Townhouse for sale at The Element Rama 9
    Suan Luang, Suan Luang,Bangkok
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    Sale Price
    $1,600,000
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    2 Bedroom Townhouse for sale at The Element Rama 9
     (Write Review)
    Unit ID: U1649444
    5% Rental Yield
    Suan Luang, Suan Luang,Bangkok
    $1,600,000
    2 Bedrooms
    4
    Bathrooms
    5,920 Sqft
    Indoor Area
    5
    Storeys
    Completed
    8
    Sale Price
    $1,600,000

    About This Townhouse

    This property is a 5,920 Sqft townhouse with 2 bedrooms and 4 bathrooms that is available for sale. It is part of the project in Suan Luang, Bangkok. You can buy this townhouse for a base price of $1,600,000 ($271/Sqft) and it is also available for long term rentals starting from $7,280 per month.

    Features

    Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

    Basic Information

    Date Listed Aug 8, 2023
    Updated 1 year ago
    Property Type Townhouse
    Storeys 5
    Location Suan Luang, Bangkok
    Bedrooms 2
    Nearest Landmark Hua Mak ARL -1.9 Km
    Indoor Area 5,920 Sqft
    Price per Sqft $271
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    N/A
    Plot Size 657 Sqft
    Pets All Kind of Pets Allowed
    Townhouse Ownership

    Foreign nationals can own the building (townhouse) in their own name, but not the land that it stands on.

    Thai Ownership
    Land Ownership

    Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

    Thai Ownership
    Land Title Deed Chanote
    Construction Completed
    Furniture
    Unfurnished
    View(s) Garden View
    Unit Type N/A
    Parking Spots 6
    Pool Size 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.
    $32/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1649444

    Investment Opportunity: Charges & Yield

    Sale Price
    $1,600,000
    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.
    $32/mo
    Rent
    $7,280/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.
    18
    Rental Yield
    This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
    5%

    Project Details

    Project Name: The Element Rama 9
    Developer: Landmark Development Group
    Construction: Completed (Dec 2020)
    Units: 27
    Project Area: 68,889 Sqft
    Nearest Landmark Hua Mak ARL - 1.9 Km
    Location: Suan Luang, Bangkok
    The Element Rama 9 Project Details

    Project Features

    Clubhouse Clubhouse
    24H Security 24H Security

    Available Units at The Element Rama 9

    For Sale 3 For Rent 2
    • All
    • 2 Beds
    • 3 Beds
    • 4 Beds
    Get notified when new homes are being added to The Element Rama 9
    View All (3)

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    Frequently Asked Questions

    All kind of pets are allowed at The Element Rama 9 including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee is $1 per square meter based on the plot size of the property and is $32 for this townhouse. 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.
    Hua Mak ARL is the nearest Airport Rail Link Station from The Element Rama 9 and it is 1.9 km away.

    The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

    In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

     

    Read more here

    After you have found the right property at The Element Rama 9 you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $5,830
    1st Installment
    Upon contract signing
    $29,100
    2nd Installment
    On handover
    100%


    Read more here

    A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

    Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

    • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

    • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

    • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

    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

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