Life Sukhumvit 62 is an upcoming condo in Bangkok that is being sold from S$135,000.
Cheaper than many HDB flats, this is your chance to own a piece of Bangkok where yields are around the 5-6% range.
Located near Bang Chak BTS station, Life Sukhumvit 62 will have 438 residential units ranging from studio, 1 to 2 bedroom sizes.
Foreigners are eligible to purchase units at Life Sukhumvit 62 and the tenure of the property is freehold.
Imagine, hold this property even loner than HDB’s standard 99 year lease!
One great thing about buying property in Bangkok and Life Sukhumvit 62 in particular is the fact that only S$2,000 is required as a downpayment/reservation fee.
If you decide to flip the unit to someone behind you in the queue, there will not be any seller stamp duties, like in Singapore.
With only 24 units for sale, all of it will be snapped up within the first 30 mins of the sale.
If you’re one of the lucky buyers, there is a high chance someone behind you in the queue were not able to get a unit, and you can flip it to him/her.
Should you decide to hold on to the unit for a while, you can also flip it to someone else 6 months down the road.
The full payment is due 3 years after purchasing the unit i.e. when the unit is completed.
With no seller stamp duties at all, the strategy of flipping it to others who did not have a chance to buy and succeeding would be high.
Find out more about the taxes, stamp duties, location etc. of Life Sukhumvit 62.
The article first appeared on PropertyInvestSG – own a piece of Bangkok with S$135,000
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