Premier Thonglo (Sold)

A leasehold property located right in the heart of the Thong Lo area.

This project was originally developed by a Japanese company.

A leasehold property is equivalent to a "Shakuchi" property in Japan, where the building is constructed on land secured under a long-term lease agreement.

The land lease agreement is valid until March 31, 2035. Regarding the period thereafter, it remains uncertain whether the building will be demolished upon the expiration of the lease, or if it will continue to exist through a renewal of the land lease contract.

Leasehold properties typically incur high maintenance fees. Due to the limited lease term, purchasing for investment purposes presents challenges in establishing a strategic exit timeline and setting an appropriate resale price.

If purchased for self-occupancy and evaluated in terms of total monthly rental equivalence, this option provides an exceptionally cost-effective way of living.

The property is situated inside Thong Lo Soi 11, which represents an impeccable and premier residential location within the Thong Lo district.
The surrounding area is quiet and free from disturbance. Furthermore, a wide variety of Japanese restaurants and establishments are located just a short distance away.

While the market rent for a 2-bedroom unit exceeding 80 sq.m. in the Thong Lo area easily surpasses 50,000 Baht per month, purchasing this leasehold property for self-occupancy reduces the total monthly expense (including maintenance fees) to just over 20,000 Baht. (This is evaluated as a monthly rental equivalent based on residency lasting until the lease expiration on March 31, 2035).

If the land lease contract is renewed after March 31, 2035, this acquisition is expected to be a highly profitable and advantageous investment.
Although renewal fees will apply at the time of extension, the overall cost remains exceptionally low compared to purchasing a standard condominium in the same area.

A notable drawback is the absence of in-house amenities (pool and gym). However, this is offset by complimentary access to "The Racquet Club," a comprehensive dedicated sports facility situated in the immediate vicinity.

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