XT Huaikhwang is a freehold condominium project developed by Sansiri. It is located about 3 minutes walk from Huai Khwang MRT (Blue Line) and is due to complete in May 2021.
They are now currently offering up to 16% discount on some selected 1 bedroom units.
Question: How Do I Will My Bangkok Property To My Beneficiaries?
Answer:
You will need to create a Will to pass the property to your intended beneficiaries. For the Will to be valid, it has to be drafted in accordance with the Thai Laws, or else you run the risk of having the Will nulled and voided. When that happens, your assets will be distributed in accordance with the intestate succession act. Probate will come in and it is a very expensive and lengthy process.
As such, we strongly recommend that you have a Will in place for your property and consider engaging a competent lawyer in Bangkok. The Will once drafted needs to be lodged with the District Office in Bangkok.
For our clients, we will assist them with the drafting and lodging of the Will in Thailand.
Question: Can I Make Money Investing In Condo Near Future BTS or MRT Stations?
Answer:
It is not guaranteed that buying a condominium near future BTS or MRT station will give capital appreciation in the future. In this video, the question we had from the viewer was investing in an upcoming BTS station that is rather far away. In fact, it will take 50 minutes to travel from Siam BTS.
Developers like to sell the story of potential price growth investing next to future train stations. Bangkok, however, is multiple times the size of Singapore and Hongkong. Not all BTS and MRT stations are created equal.
Investors are still encouraged to get the best possible location with their budget. That means not straying too far away from core central Bangkok. Make sure the neighborhood is supported by commercial activities as they are the drivers for urban development as well as real demand from expatriate tenants.
Question: How Do I Transfer Money Out Of Bangkok After Selling My Property?
Answer:
When purchasing property in Bangkok, the right way to transfer money and make payment is to go through your own country’s bank account and do a telegraphic transfer.
When you manage to sell your Bangkok property, the sales proceeds will go to your designated bank account in Bangkok. In actual fact, transferring money out of Bangkok to your home country is a lot easier than transferring money into Bangkok.
For example, individuals with a Bangkok Bank account can even transfer money back to their home country via internet banking using Bangkok Bank’s mobile app. It is a fast and seamless procedure.
Generally, there are no restrictions for transferring money out of Bangkok.
