Unit ID: U1621652
6% Rental Yield
Suan Luang, Suan Luang,Bangkok
$559,000
3 Bedrooms
3
Bathrooms
2,583 Sqft
Indoor Area
2
Storeys
Apr 2016
Completed

About This House

This property is a 2,583 Sqft house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Suan Luang, Bangkok and was completed in Apr 2016. You can buy this house for a base price of $559,000 ($216/Sqft).

Introducing a stunning luxury project by Pruksa Real Estate PLC., situated in the coveted Pattanakarn area, we present a partly furnished 2-storey house that epitomizes elegance. Boasting 3 separate bedrooms, 4 bathrooms, a spacious kitchen area, a stylish living and dining area, a maid room, and a garage with 2 parking spaces, this residence offers unparalleled comfort and convenience.

Immerse yourself in the splendor of The Palm Pattanakarn, Suan Luang, Bangkok, where a brand new 3-bedroom house awaits its discerning owner. With a generous house size of 72 tarang wa, this property is perfectly situated in close proximity to various amenities. Enjoy the convenience of being just 15 minutes away from Ekamai and Thonglor, with easy access to the Klongton expressway. Additionally, TESCO Lotus Pattanakarn and Bangkok Christian International School are nearby, ensuring a well-connected and enriching lifestyle.

Within the project, residents can indulge in a range of luxurious facilities. The clubhouse, fitness center, swimming pool, garden, playground, and round-the-clock security with CCTV surveillance provide an atmosphere of exclusivity and tranquility. Experience the epitome of modern living at this remarkable address.

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Date Listed Jun 21, 2023
Updated 6 months ago
Property Type House (Single Detached)
Storeys 2
Location Suan Luang, Bangkok
Bedrooms 3
Nearest Landmark Hua Mak ARL -2.6 Km
Indoor Area 2,583 Sqft
Price per Sqft $216
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 3,100 Sqft
Pets All Kind of Pets Allowed
House Ownership

Foreign nationals can own the building (house) 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 (Apr 2016)
Furniture
Unfurnished
View(s) Garden View
Unit Type N/A
Parking Spots 2
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.
$70/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1621652

Investment Opportunity: Charges & Yield

Sale Price
$559,000
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.
$70/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.
16
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 3 bedroom houses at The Palm Pattanakarn, and the current sales price.
6%

Project Details

Project Name: The Palm Pattanakarn
Developer: Pruksa Real Estate
Construction: Completed (Apr 2016)
Units: 179
Project Area: 1,063,474 Sqft
Nearest Landmark Hua Mak ARL - 2.6 Km
Location: Suan Luang, Bangkok
The Palm Pattanakarn Project Details

Project Features

Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Communal Garden Area Communal Garden Area
Key card access Key card access

Available Units at The Palm Pattanakarn

For Sale 7 For Rent 5
Get notified when new homes are being added to The Palm Pattanakarn
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Frequently Asked Questions

All kind of pets are allowed at The Palm Pattanakarn including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is $0 per square meter based on the size of indoor area of the property and is $70 for this house. 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 Palm Pattanakarn the required payment for the sinking fund is $3 per square meter based on the size of the indoor area of the property.
Hua Mak ARL is the nearest Airport Rail Link Station from The Palm Pattanakarn and it is 2.6 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 Palm Pattanakarn you have to follow these steps:

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


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

Reviews

4.8 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Luxury house, near the city center.
Naratat Jitpakdee, Thailand, 6 years ago
This house is a modern style house. The size of the house is large, with 3 bedrooms, 4 bathrooms, and a garage space that can park up to 2 cars. The house layout is well divided into different areas, decorated with furniture and highly premium materials, while the outside area has a garden for planting trees, and for pets to run and play. The most impressive thing is that there is a large club house, a fitness center with a lot of exercise equipment, a large garden and security for 24 hours. The project is near Bangkok Hospital, Ramkhamhaeng Demonstration School, and close to The Mall Bangkapi as well. If you are looking for a big house with easy travelling, this is the answer!
Bangkok
Suan Luang

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Palm Pattanakarn

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Suan Luang, Suan Luang, Bangkok
Number of units
482
Sales Prices
$140.71K - $179.87K
▼ -26% underpriced
Monthly Rentals
$812 - $1.02K
Year Built
Dec 2015
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
456
Sales Prices
$104.44K
▼ -7% underpriced
Monthly Rentals
$609 - $711
Year Built
Aug 2015
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
438
Sales Prices
$109.95K - $252.4K
▲ 5% overpriced
Monthly Rentals
$1.25K - $1.51K
Year Built
Dec 2013
Completion Status
Completed
Project Name
Pruksa Ville 73
Location
Suan Luang, Suan Luang, Bangkok
Number of units
470
Sales Prices
$121.85K - $237.89K
Monthly Rentals
$754 - $1.16K
Year Built
Dec 2016
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
166
Sales Prices
$391.65K - $522.21K
Monthly Rentals
$1.31K - $1.74K
Year Built
Jul 2012
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
223
Sales Prices
$184.22K - $203.08K
Monthly Rentals
$870
Year Built
Jan 2014
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
74
Sales Prices
$208.88K - $333.63K
▼ -16% underpriced
Monthly Rentals
$1.02K - $1.31K
Year Built
Dec 2018
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
28
Sales Prices
$2.9M - $5.67M
Monthly Rentals
$14.51K - $18.86K
Year Built
May 2023
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
178
Sales Prices
$269.81K - $382.95K
Monthly Rentals
$1.31K - $2.76K
Year Built
Mar 2015
Completion Status
Completed
Location
Suan Luang, Suan Luang, Bangkok
Number of units
112
Sales Prices
$266.91K - $435.17K
▼ -7% underpriced
Monthly Rentals
$1.31K - $1.74K
Year Built
Jun 2017
Completion Status
Completed
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