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Siamese Nang Linchee

ID: 268 June 2015 35-103 m2 1, 2 beds

General info

Status: Finished
Rise type: Low Rise
Total floors: 8
Total buildings: 2
Total units: 214
Sinking Fund: THB 500/m2
Start Date: 2013
Completion Date: June 2015

Features and amenities

24/7 Security Fitness Centre
Gardens Parking
Reception Shuttle Bus
Swimming Pool
Siamese Nang Linchee is an ideal project for investors with limited budgets who are looking to enter the vibrant Bangkok property market, as this development is one of the few remaining projects in the city where it is possible to buy for under THB 100,000/m2. Another reason why the project should be so attractive to investors is that it offers a Guaranteed Rental Scheme, generating an annual revenue of 5% for a period of five years.  Although Siamese Nang Linchee is fully completed and ready for immediate occupation, developer financing is available to foreign buyers, allowing them to pay in installments.  As an additional benefit, buyers do not need to pay maintenance fees for the first three years following purchase.

Siamese Nang Linchee is situated in the heart of the popular and up-market Sathorn area,  located off Rama 3 Road and Nanglinchee, which connects to the famous Suan Phlu. Suan Phlu is fast becoming one of the trendiest street in Bangkok, containing numerous popular restaurants and bars such as the highly esteemed Smalls cocktail bar and Junkers Restaurant Bar. Live music, good food and entertainment is the focus here, in the surroundings of lush green trees lining typical Thai streets with a modern atmosphere.

In addition to the many entertainment options in the area, the location is also close to Bangkok's major business areas.  Most notable is the key financial district on the nearby Sathorn Road - the location of the headquarters of Bank of China, ICBC, UOB and Bangkok Bank.  The embassies of Singapore, Australia, Germany are also very near.  Closer still are the offices and corporate headquarters of a number of major international companies including Acer Computer, LPN Tower, CDG House, etc.
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For shopping, from Siamese Nang Linchee there is easy access to Asoke, the Emporium District and Central Sukhumvit areas, all of which are less than ten minutes away by taxi via the Rama 3 Road.  Visiting tourists will also appreciate the close proximity to many of Bangkok's most popular attractions, including the Erewan shrine, Grand Palace, Wat Phra Kaew, riverside night market, Asiatique to name but a few.

As for the project itself, Siamese Nang Linchee consists of two buildings, each of eight floors, containing a total of 214 units. Finished in 2015, this new boutique residence is fully equipped with a fitness centre, swimming pool, on-site coffee shop and metro shuttle service.  The project is located on a large, open plot, with extensive green areas covering 58% of the area.  The rooftop garden offers spectacular views of the Chao Phraya River, which runs close to the project.

With prices starting at well under $100,000, Siamese Nang Linchee offers exceptional value for money and the five year Guaranteed Rental Scheme offering 5% per year makes this an excellent project for investors.  With the project already completed and operational, investors can start seeing an immediate return on their investment.
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Available units

Type m2 Price/THB
One-Bed – Min 35.0 3,186,900
One-Bed – Max 67.0 6,195,417
Two-Bed – Min 56.0 5,139,560
Two-Bed – Max 103.0 10,498,091

Payment info

Closing Costs 1%
Reservation Fee THB 50,000
Deposit Payment 30%
Handover 70%

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Nick Pendrell