The Nest Sukhumvit 71 | Fully furnished condo near BTS Phra Khanong

Location of The Nest Sukhumvit 71

The Nest Sukhumvit 71 Site Plan / Facilities

The Nest Sukhumvit 71 Quality Finishing – Fully furnished package

1BR Unit (28.96 sqm)

1BR Unit (33.24 sqm)

The Nest Sukhumvit 71 Layouts

The Nest Sukhumvit 71 Developer – PM Group

Founded in 2009, The Nest Property Co., Ltd. has carved a niche for itself as a leading developer of upscale boutique condominiums in Bangkok’s real estate market.

The company focused on developing high-end condominium projects with amenities and modernized facilities in Bangkok’s commercial business district. Targeting new generation home-seekers looking for stylish and spacious condo units with all the conveniences that their location could offer.

In line with its mission to be the leading provider of classy yet affordable urban homes, The Nest Property has augmented its land bank by acquiring several pieces of land at strategic locations in the city. The company has set sights on an ambitious growth plan with more new projects slated for the years to come.

The Nest Sukhumvit 71 – Payment Schedule

The Nest Sukhumvit 71 – Financing & Taxes

Category	Sale of freehold land & Property
Transfer Fee	2%
Specific Business Tax	3.3% (for first 5 years)
Stamp Duty	0.5% (from Year 6 onwards)
Withholding Tax	1% of property value for companies 5% to 35% on property value after standard deduction for expenses

Types of taxes during re-sale of Thai property

1. Transfer fee: Based on official appraised price (not selling price)

2. Specific Business Tax: Payable by all companies and individuals who hold the property for less than 5 years. Based on appraised value or sale price, whichever is higher

3. Stamp Duty: Payable when Specific Business Tax is not applicable, based on appraised value or sale price, whichever is higher

4. Withholding Tax:Remitted by buyer on behalf of the seller from the proceeds of sale. For companies, would be 1% based on appraised value or sale price, whichever is higher. For individuals, would be based on the individual’s marginal tax rate after deducting a standard deduction based on the number of years of ownership from the official appraised value 

Tax calculation assuming THB 10 million sale price and appraised value of THB 8 million

	Sold at year 1	Sold at year 2	Sold at year 3	Sold at year 4	Sold at year 5	Sold at year 6	Sold at year 7	Sold at year 8	Sold at year 9	Sold at year 10
2% Transfer fee	160,000	160,000	160,000	160,000	160,000	160,000	160,000	160,000	160,000	160,000
Stamp Duty (0.5%)	0	0	0	0	0	50,000	50,000	50,000	50,000	50,000
Specific Business Tax (3.3%)	330,000	330,000	330,000	330,000	330,000	0	0	0	0	0
Withholding Tax	56,000	112,000	156,000	188,000	220,000	240,000	260,000	280,00	265,000	250,000
Total Tax Payable	546,000	602,000	646,000	678,000	710,000	450,000	470,000	490,000	475,000	460,000

Get VIP Preview Discount Now by Registering with Developer