+6 more

Si Ayutthaya Road, Phaya Thai

The Room Phayathai by Land and Houses

By Land and Houses — 38 Storeys — 437 Residences

Location

Si Ayutthaya Road, Phaya Thai

Size

27–74 sqm

Ownership

Foreign Freehold

Storeys

Units

437

BTS Access

Phaya Thai BTS & Ratchaprarop ARL (250m)

About This Development

The Room Phayathai is a 38-storey luxury high-rise condominium by Land and Houses, one of Thailand’s most established listed developers. Completed in 2020, the development offers 437 residences across studio, 1-bedroom and 2-bedroom layouts, designed under the concept of panoramic living — a low-density floor plate of 13 to 17 units per level creating a quiet, exclusive environment within one of Bangkok’s most central and connected neighbourhoods.

Location & Connectivity

Situated on Si Ayutthaya Road in Phaya Thai, the development sits at the intersection of two of Bangkok’s most important transit corridors. The Ratchaprarop Airport Rail Link station is 250 metres from the building, providing a direct connection to Suvarnabhumi Airport in under 30 minutes. Phaya Thai BTS station — a major interchange on the Sukhumvit Line — is a short walk away, offering seamless city-wide connectivity.

The surrounding area is exceptionally well-served: King Power duty-free complex, Century Mall, and Central World are all within easy reach, while Phayathai 1 Hospital is just 230 metres from the building. Ramathibodi and Rajavithi hospitals are a short drive away, making this location particularly suited to medical professionals and expat families.

Sky Facilities

The building’s standout feature is its double-floor Sky Facility deck on levels 37 and 38, offering unobstructed panoramic views across Bangkok. Amenities include:

Panoramic sky infinity swimming pool & kids’ pool (Floor 37)
Panoramic sky gym with premium equipment (Floor 38)
Steam room & sauna
Co-working space, business meeting rooms & social lounge
Mini-theatre room
Sky garden (Floor 8) plus front garden & private garden at ground level
Smart locker system, 24-hour security, CCTV & keycard access

Unit Types

Studio: 27.5 – 28.7 sqm
1 Bedroom: 37.8 – 38.3 sqm
2 Bedroom: 64.7 – 73.7 sqm

Foreign Freehold Ownership

The Room Phayathai is fully eligible for foreign freehold ownership under Thailand’s Condominium Act. Foreign buyers can own units outright in their own name, subject to the standard 49% foreign quota. Funds must be transferred from abroad in foreign currency with a Foreign Exchange Transaction (FET) certificate obtained from the receiving Thai bank.

For further information on available units, pricing, or to arrange a viewing, contact the Selling Bangkok team.

Available Units

28.94 sqm Studio

฿5,204,000

37.76 sqm 1 Bedroom

฿7,505,000

65.11 sqm 2 Bedroom

฿12,654,000

All prices are in Thai Baht (THB). Foreign freehold ownership available subject to building quota. Contact us for the latest unit availability and pricing.

Starting From

฿5,204,000

Thai Baht — Foreign Freehold

LocationSi Ayutthaya Road, Phaya Thai

DeveloperLand and Houses

CompletionCompleted 2020

BTS / MRTPhaya Thai BTS & Ratchaprarop ARL (250m)

OwnershipForeign Freehold

Enquire About
This Property

Or email us at hello@sellingbangkok.com

Buyer’s Guide

Common Questions

Yes. Foreigners can own a condominium unit outright in their own name on a freehold basis in Thailand. There is no lease or intermediary required. The only restriction is that foreign ownership across an entire building is capped at 49% of total unit area — the remaining 51% must be held by Thai nationals. All developments on this site have foreign freehold units available, subject to the current quota status of each building.

Thai condominium law (Condominium Act B.E. 2522) allows up to 49% of the total floor area of any condominium building to be owned by foreigners on a freehold basis. Once this quota is reached in a given building, new foreign buyers must either wait for existing units to come back to market, or purchase in the Thai quota (which requires a Thai company or long-term lease structure). We verify quota availability before recommending any unit to our clients.

Most Bangkok new developments follow a staged payment structure. A typical schedule looks like this: a reservation deposit (฿50,000–฿200,000) to secure the unit, followed by a signing deposit of 10–15% within 30 days, then progress payments of 5–10% tied to construction milestones, and finally the balance (typically 70–80%) paid at transfer. Payment terms vary by developer and project — contact us for the specific schedule for this development.

The main costs at the Land Department transfer are: Transfer Fee (2% of appraised value, typically split 50/50 between buyer and seller), Specific Business Tax or SBT (3.3% of sale price or appraised value, whichever is higher — applies if the seller has owned for less than 5 years), Stamp Duty (0.5%, only applies if SBT is not payable), and Withholding Tax (varies by seller type). For new developer sales, developers frequently absorb the transfer fee and SBT as a promotional incentive. Use our Property Transfer Tax Calculator for a full breakdown.

Yes. As a freehold owner you are free to rent out your unit. Long-term rentals (12 months+) are common in Bangkok and straightforward to arrange. Short-term rentals (Airbnb-style) are technically subject to the Hotel Act in Thailand, though enforcement varies. Many developments in Thonglor, Ekkamai, and Sukhumvit achieve gross rental yields of 4–6% annually. Use our Rental Yield Calculator to estimate returns on any unit.

Not necessarily. The reservation and contract-signing stages can be completed remotely via email and international bank transfer. For the final Land Department transfer, you can either attend in person or grant a Power of Attorney to a trusted lawyer or our representative to act on your behalf. Many of our international clients complete the full purchase without visiting Thailand until they collect their keys.

Foreign buyers must transfer funds from overseas in a foreign currency and convert to Thai Baht upon arrival in Thailand. The receiving Thai bank issues a Foreign Exchange Transaction (FET) form — also known as a Thor.Tor.3 form — for amounts over USD 50,000. This document is essential: it proves the funds originated abroad and is required by the Land Department to register foreign freehold ownership. Always ensure the bank records the purpose as “purchase of condominium” and keep all FET forms safely.