STILL Sukhumvit 20

Zagdim Reading: What to Look at First in This Project

• The project is positioned as low-density, high-end housing: each unit has a private lift entrance, a 24-hour concierge is provided, the unit count is small and unit types start from two bedrooms. The value of this kind of product lies in its grade and scarcity. When comparing it with completed high-end condominiums nearby, age, floor level, view and amenity grade should be considered separately; price per m² alone is not a sufficient basis.
• The site is inside Sukhumvit Soi 20, quieter than the main road, while the BTS and MRT lines and the EmSphere and EmQuartier retail areas are within walking distance. This is a core condition for both owner-occupiers and landlords. Traffic around Asok is congested at peak hours, so driving times should be estimated separately.
• Completion is more than two years after pre-sale, and payments are mostly made in instalments before handover, so changes in the baht exchange rate affect the actual cost for overseas buyers. A foreign buyer registering a condominium in a foreign name must remit the purchase funds from overseas in foreign currency and keep the bank-issued foreign exchange certificate, which is needed at handover and title transfer.
• Buyers at this grade are mostly owner-occupiers or long-term holders, and the pool of buyers and tenants for resale or letting is narrower than for ordinary condominiums, with high-end tenants mainly expatriates. Asking rents in the neighbouring building only indicate the area's rent band, so holding period and intended use should be settled before buying.
• The project is jointly developed by SC Asset and Japan's Tokyo Tatemono. Japanese partners are not unusual in Bangkok's high-end residential market; construction quality, warranties, the management company and handover standards remain governed by the written terms of the sale and purchase contract and the condominium regulations.