New Condo Project?

[stbahng]

Are there any good new condo projects in Bangkok for about 70K Baht per m2?

And if there are, how much down payment do I need?

Thank you in advance for any info.....

[backflip]

The requireddown payment and payment schedule are part of the purchase contract.

[thaigene2]

Are there any good new condo projects in Bangkok for about 70K Baht per m2?

And if there are, how much down payment do I need?

Thank you in advance for any info.....

Yes you can find that no problem. Typically, the donwpayment is around 5% then another 15% while they're building if off plan. You pay the remaining 80 % on hand over

[fletchsmile]

Are there any good new condo projects in Bangkok for about 70K Baht per m2?

And if there are, how much down payment do I need?

Thank you in advance for any info.....

Yes you can find that no problem. Typically, the donwpayment is around 5% then another 15% while they're building if off plan. You pay the remaining 80 % on hand over

Yes pretty much agree with Thaigene. It varies according to the project. Ours was:

1) Deposit/Booking fee: 100k

2) Downpayment on signing contract: brings 1) up to around 10% in total

3) Installments: Further 2 x 7.5%, bringing up to 25% in total

4) Final balance: 75% on transfer of ownership

We bought late in the project and close to completion, so we negotiated to pay the the second installment of 7.5%, at the same time as the final balance, since the dates were close. i.e booking > 10%deposit> 7.5%installment no.1 > balance 82.5%

additionals:

- tax of 2% value. we split transferor/transferee 1% each

- maintenance fee 1 year in advance @ THB 35/m2 per month = THB 420/m2 for 1 year.

- sinking fund, one off THB 500/m2.

Edited January 4, 2008 by fletchsmile