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    5 Bedroom House for sale at 649 Residence
    Khlong Tan Nuea, Watthana,Bangkok
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    Sale Price
    $3,800,000
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    5 Bedroom House for sale at 649 Residence
    (1 Review)
    Unit ID: U1643474
    4% Rental Yield
    Khlong Tan Nuea, Watthana,Bangkok
    $3,800,000
    5 Bedrooms
    6
    Bathrooms
    5,920 Sqft
    Indoor Area
    6
    Storeys
    Jan 2016
    Completed
    13
    Sale Price
    $3,800,000

    About This House

    This property is a 5,920 Sqft house with 5 bedrooms and 6 bathrooms that is available for sale. It is part of the project in Khlong Tan Nuea, Bangkok and was completed in Jan 2016. You can buy this house for a base price of $3,800,000 ($643/Sqft) and it is also available for long term rentals starting from $11,700 per month.

    The pursuit of a location with the most potential in the heart of Sukhumvit has resulted in an exceptional living masterpiece, reserved for the privileged few. 649 Residence is thoughtfully conceived and crafted to perfection in every detail, in both design and function. Discover a pure expression of the modern lifestyle graced by luxury and offered exclusive freehold land on Sukhumvit 49/6 in a limited collection to six owners only. 

    Features

    Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony Full Western KitchenFull Western Kitchen MicrowaveMicrowave OvenOven TVTV

    Basic Information

    Date Listed Aug 22, 2023
    Updated 8 months ago
    Property Type House (Single Detached)
    Storeys 6
    Location Khlong Tan Nuea, Bangkok
    Bedrooms 5
    Nearest Landmark Phrom Phong BTS -1.7 Km
    Indoor Area 5,920 Sqft
    Price per Sqft $643
    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 N/A
    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 (Jan 2016)
    Furniture
    Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
    Partly Furnished
    View(s) Pool View, Garden View
    Unit Type N/A
    Parking Spots 3
    Pool Size XX
    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.
    $3,300/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1643474

    Investment Opportunity: Charges & Yield

    Sale Price
    $3,800,000
    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.
    $3,300/mo
    Rent
    $11,700/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.
    27
    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.
    4%

    Project Details

    Project Name: 649 Residence
    Developer: Pannaphat Development Co.,Ltd.
    Construction: Completed (Feb 2020)
    Units: 6
    Project Area: 9,300 Sqft
    Nearest Landmark Phrom Phong BTS - 1.7 Km
    Location: Khlong Tan Nuea, Bangkok
    649 Residence Project Details

    Project Features

    Communal Pool Communal Pool
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    BBQ Area BBQ Area
    Back Up Generators Back Up Generators
    Key card access Key card access

    Available Units at 649 Residence

    For Sale 2 For Rent 1
    • All
    • 5 Beds
    • 8 Beds
    Get notified when new homes are being added to 649 Residence
    View All (2)

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    Frequently Asked Questions

    All kind of pets are allowed at 649 Residence including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee is $6 per square meter based on the size of indoor area of the property and is $3,300 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.
    Phrom Phong BTS is the nearest BTS Station from 649 Residence and it is 1.7 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 649 Residence 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

    4.5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    My dream townhome
    Jason Muller, Germany, 4 years ago
    This project is obviously my dream townhome. I haven't owned it yet, but I dream that this house must be mine in the future! I am interested in a four and a half story unit with a spacious living area. Plus, there are all the most up-to-date home amenities such as a personal elevator and home automation that you can turn on and off the light via smartphone. There is also a private pool to soak up. I can imagine how happy I will be from staying here. However, the house does not come with a complete set of furniture, only some built-in furniture. You have to add it by yourself, but it's worth the money anyways. More importantly, this place is situated in the center of the city, which is easy to get around as it is not far from famous department stores such as the Em District, the head offices, and many restaurants. Unfortunately, there are only six units here, so I have to hurry.
    Bangkok
    Khlong Tan Nuea

    Neighborhood Overview

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