Unit ID: U1369024
Nong Bon, Prawet,Bangkok
$1,250,000
4 Bedrooms
5
Bathrooms
5,640 Sqft
Indoor Area
4
Storeys
Jan 2024
Completed

About This House

This property is a 5,640 Sqft house with 4 bedrooms and 5 bathrooms that is available for sale. It is part of the project in Nong Bon, Bangkok and was completed in Jan 2024. You can buy this house for a base price of $1,250,000 ($221/Sqft).

Features

Private LiftPrivate Lift Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Maids QuartersMaids Quarters BalconyBalcony BathtubBathtub

Basic Information

Date Listed Jan 17, 2023
Updated N/A
Property Type House
Storeys 4
Location Nong Bon, Bangkok
Bedrooms 4
Nearest Landmark Punnawithi BTS -4.5 Km
Indoor Area 5,640 Sqft
Price per Sqft $221
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 1,998 Sqft
Pets Not Allowed
House Ownership

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

Foreign Ownership, Thai Ownership, Company
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, Company
Land Title Deed N/A
Construction Completed (Jan 2024)
Furniture
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Built In
View(s) Garden View
Unit Type B
Parking Spots 3
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.
N/A
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U1369024

Investment Opportunity: Charges & Yield

Sale Price
$1,250,000

Project Details

Project Name: ME-I Avenue Srinakarin
Construction: Completed (Jan 2024)
Units: 5
Project Area: N/A
Nearest Landmark Punnawithi BTS - 4.5 Km
Location: Nong Bon, Bangkok
ME-I Avenue Srinakarin Project Details

Project Features

24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Communal Garden Area Communal Garden Area

Available Units at ME-I Avenue Srinakarin

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Payment Plan

Untitle
Installment Milestone Payment
Reservation Deposit
Immediately
$5,830
1st Installment
Upon contract signing
10%
2nd Installment
Down Payment
20%
3rd Installment
On handover
70%

Frequently Asked Questions

No pets are allowed at ME-I Avenue Srinakarin unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Punnawithi BTS is the nearest BTS Station from ME-I Avenue Srinakarin and it is 4.5 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 ME-I Avenue Srinakarin you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
Untitle
Installment Milestone Payment
Reservation Deposit
Immediately
$5,830
1st Installment
Upon contract signing
10%
2nd Installment
Down Payment
20%
3rd Installment
On handover
70%


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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Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby ME-I Avenue Srinakarin

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
Nong Bon, Prawet, Bangkok
Number of units
N/A
Sales Prices
$1.02M
Monthly Rentals
N/A
Year Built
May 2017
Completion Status
Completed
Project Name
Bibury Srinakarin
Location
Nong Bon, Prawet, Bangkok
Number of units
18
Sales Prices
$1.02M - $1.48M
▲ 13% overpriced
Monthly Rentals
N/A
Year Built
Dec 2021
Completion Status
Completed
Project Name
The Ninth Place
Location
Nong Bon, Prawet, Bangkok
Number of units
N/A
Sales Prices
$67.6K - $113.35K
Monthly Rentals
$262
Year Built
Jan 2007
Completion Status
Completed
Location
Nong Bon, Prawet, Bangkok
Number of units
52
Sales Prices
$1.31M - $1.6M
Monthly Rentals
N/A
Year Built
Dec 2021
Completion Status
Completed
Project Name
Grand De Ville
Location
Nong Bon, Prawet, Bangkok
Number of units
49
Sales Prices
$582.76K
Monthly Rentals
$962 - $1.02K
Year Built
Feb 2020
Completion Status
Completed
Location
Nong Bon, Prawet, Bangkok
Number of units
50
Sales Prices
$250.3K - $276.81K
▼ -38% underpriced
Monthly Rentals
$1.31K
Year Built
Jan 2000
Completion Status
Completed
Location
Nong Bon, Prawet, Bangkok
Number of units
207
Sales Prices
$169K - $195.63K
▼ -48% underpriced
Monthly Rentals
$932
Year Built
Dec 2014
Completion Status
Completed
Project Name
The Kepler
Location
Nong Bon, Prawet, Bangkok
Number of units
5
Sales Prices
$2.88M
▲ 27% overpriced
Monthly Rentals
N/A
Year Built
Sep 2021
Completion Status
Completed
Project Name
Sin Kao Village
Location
Nong Bon, Prawet, Bangkok
Number of units
N/A
Sales Prices
$10.2M
Monthly Rentals
N/A
Year Built
Jan 2011
Completion Status
Completed
Location
Nong Bon, Prawet, Bangkok
Number of units
180
Sales Prices
$101.33K
Monthly Rentals
N/A
Year Built
Jan 2014
Completion Status
Completed
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