40-year-old condo for sale in Rama 9 and rent-proof tenants, electricity to the meter!

Selling 40-year-old condo in Rama 9 and rent-proof tenants, electricity to the meter!!

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In September 2023, there are Thai owners, but in Singapore for more than 50 years, almost all of which are sold, rented properties different from Thailand. The owner signed a contract for rent through a representative. The owner signed a contract for a broker from a sign that we rented another property in the building "Siam Condominium" (behind Central Ram 9). At that time, I was a little boy agency. The first broker contract was accepted by the owner of the store unit for 7 million 30 sq m. There is another 30 sq m mezzanine, which is a very high price. There is no way to sell it.

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The day we took the job, the tenant of this booth just finished the design, not beautiful, because the rent was suspended for many months. The owner was in Singapore. The sister of the owner who used to help collect the rent, the property was lost. It was suitable for the Covid period, the flight period, causing no one to follow the rent, and the tenant went out himself. The property condition was very bad. The owner did not want to take care of it, and then we gradually sold the price down, and the last was 4.2 million.

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In April 2024, the VFS center of the British Visa has moved from the Trendy Nana building to the building next to Belle Condo, Rama 9, so there are customers engaged in visa business flocking to rent shop units at Siam Condo as well as on the buildings from 1 to 3 floors where the company is registered and can do business.

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The old 1985 building, 40 years old, was called one of the oldest condos in the country. At that time, Thailand had only five condos. The building used to have a swimming pool and parking lot, but later there was no one because it was converted and sold out of rooms. (The original law was also written as the name of the developer of the project. When the company had a problem, it sold the villagers.) Finally, the building was negotiated to rent the Belle condo building instead. In total, it was very difficult to sell. So we decided to let the owner decide to rent at 20,000 baht and still announce the sale with tenants. Keep coming.

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November 2025, last year, the tenants started to freeze the rent, we became frustrated, tired of reclaiming the rent for 2 months, February 2026 came to freeze again, the rent was barely contacted, we wanted to end the problem, tried to sell a lot.

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At the end of March 2026, the owner called us, "I want to sell all the properties that exist in Thailand. I'll be here on May 16-24. Mr. Ping is here to sell the Sukhumvit 12 condo." So we told the owner that if you really want to sell and sell it, you should sell it at 3.5 million, which is close to what it should be, but we can't answer when you leave because it's not easy to sell.

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As soon as the new sale was made, 3.5 million Yield, 6.8%, a few investors contacted the property, but we couldn't contact the tenant to see the unit.

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We started thinking that tenants who did not pay directly, did not pay, and still could not contact, with many letters of debt in front of the store. Although the investment property can be sold with tenants, but someone can take the tenant. It is a problem that can not be sold. Not paying rent for 45 days. So cancel the contract without paying anything. Leave it alone.

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May 5th, we notified the tenant of the move. After seven days, on the 12th, the tenant has just contacted us.

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14 May, just 2 days before the owner flew to Thailand, there was a customer contact to buy for the office itself. We went to sell, but the peak is that unless the rental person has not moved out, the power charge is not paid. The electric mitter has been lifted out!! But also let the customer know. On that day after meeting the customer, we decided to call the owner to take all the deed documents from Singapore, can not sell, but the best minute to negotiate is when the owner is already coming to Thailand, not to book a flight ticket to transfer the house.

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May 16-17 (The owner has flown to Thailand) Finally, the customer is open to negotiate, but the big problem that we see will not end the deal is that the tenant who has relayed the transfer of the product does not know exactly when, and the customer must transfer the condo within 5 days before the owner can fly back to Singapore, transfer the sale without the tenant moving out. No one wants to buy a house with problems.

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We called to talk to the owner and said to the owner, "Ping, honestly, ask what we need to clear the rental person. The answer is money. Can you put the money on the pump for the cost and the agency's pay to clear it? If the tenant has moved out by himself, we refund you. All of this will be within 30 days." The owner agreed to the whole deal. Calling the customer, it's hard to expect. But we reasoned with everything and we could talk.

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May 18th, I still have to send Notice No. 4 to get the tenants to move out!

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May 22, the last transferable day before the owner flew back, finally transferred Siam Condominium, closed the deal, one of the oldest condos in the country, and the first brokering contract of my agency life.

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I'm glad for a day. The rest of you have to clear out the renters. 🥹ถนน พระราม 9 # Agency# Rama 9 # Rama 9 Condo