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    1 Bedroom Condo for sale at The Iris Rama 9 - Srinakarin
    Suan Luang, Suan Luang,Bangkok
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    Sale Price
    ฿4,000,000
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    1 Bedroom Condo for sale at The Iris Rama 9 - Srinakarin
    (1 Review)
    Unit ID: U1371490
    5% Rental Yield
    Suan Luang, Suan Luang,Bangkok
    ฿4,000,000
    1 Bedroom
    1
    Bathroom
    50 SqM
    Size
    6
    Floor
    Dec 2008
    Completed
    10
    Sale Price
    ฿4,000,000

    About This Condo

    This property is a 50 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Suan Luang, Bangkok and was completed in Dec 2008. You can buy this condo for a base price of ฿4,000,000 (฿80,000/SqM) and it is also available for long term rentals starting from ฿15,000 per month.

    Features

    BalconyBalcony MicrowaveMicrowave TVTV

    Basic Information

    Date Listed Jan 25, 2023
    Updated 1 year ago
    Property Type Condo
    Floor 6
    Bedroom 1
    Size 50 SqM
    Price per SqM ฿80,000
    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.
    ฿2,250/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1371490

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿4,000,000
    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.
    ฿2,250/mo
    Rent
    ฿15,000/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.
    22
    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 Iris Rama 9 - Srinakarin
    Developer: Iris Group
    Construction: Completed (Dec 2008)
    Floors: 8
    Buildings: N/A
    Units: 1152
    Project Area: 19,200 SqM
    Nearest Landmark Hua Mak ARL - 0.6 Km
    Location: Suan Luang, Bangkok
    The Iris Rama 9 - Srinakarin 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
    Communal Garden Area Communal Garden Area
    Key card access Key card access

    Available Units at The Iris Rama 9 - Srinakarin

    For Sale 9 For Rent 5
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    Frequently Asked Questions

    No pets are allowed at The Iris Rama 9 - Srinakarin 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 ฿45 per square meter based on the size of indoor area of the property and is ฿2,250 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 Iris Rama 9 - Srinakarin the required payment for the sinking fund is ฿300 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 Iris Rama 9 - Srinakarin and it is 0.6 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 Iris Rama 9 - Srinakarin 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
    ฿5,000
    1st Installment
    Upon contract signing
    ฿20,000
    2nd Installment
    On handover
    100%

    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

    3.5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    A 1-year review
    Louis Phimsiri, Thailand, Former Resident, 1 year ago
    Iris Condominium is an older project, hence their rooms are of a larger size. The rooms are very spacious and allow for great comfort. The rooms are a bit old and worn down, but acceptable. Facilities such as the gym and the swimming pool are also worn down but can still be used. There is a hairdresser and a small minimarket within the project. In general, the project and its units are livable and often priced at a very competitive price.
    Bangkok
    Suan Luang

    Neighborhood Overview

    Location and Neighborhood

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