Unit ID: U220721
4% Rental Yield
Tenant-Occupied until Dec 31, 2024
Suthep, Mueang Chiang Mai,Chiang Mai
฿3,500,000
1 Bedroom
1
Bathroom
35.24 SqM
Size
3
Floor
Aug 2018
Completed

About This Condo

This property is a 35.24 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Palm Springs Nimman Phoenix project in Suthep, Chiang Mai and was completed in Aug 2018. You can buy this condo for a base price of ฿3,500,000 (฿99,319/SqM) and it is also available for long term rentals starting from ฿13,000 per month.

Features

BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave TVTV

Basic Information

Date Listed Oct 29, 2019
Updated 2 months ago
Property Type Condo
Floor 3
Bedroom 1
Size 35.24 SqM
Price per SqM ฿99,319
Pets Not Allowed
Condo Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if it is currently below 49%.

Thai Quota
Furniture
A fully-furnished property is one which is equipped with all required items of a household. From sofa to table lamp, from bed to a dresser and even electronic appliances, utensils and glassware in the kitchen – a fully-furnished property has everything required in your day-to-day life.
Fully Furnished
View(s) Blocked View
Unit Type N/A
Building N/A
CAM Fee
The common area maintenance (CAM) fee has to be paid monthly by owners for the upkeep of the common areas of condominium and housing projects. For new build projects, it is common to pay between 1 - 3 years’ management fees in advance upon the transfer of the unit’s ownership.
N/A
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U220721

Investment Opportunity: Charges & Yield

Sale Price
฿3,500,000
Rent
฿13,000/mo
Price-to-Rent Ratio
The price-to-rent ratio is calculated at the individual home level, where the sales price is divided by 12 times its monthly rent price.
22
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
4%

Project Details

Construction: Completed (Aug 2018)
Floors: 8
Buildings: 1
Units: 70
Project Area: 1,486 SqM
Nearest Landmark Maya Lifestyle Shopping Center - 0.5 Km
Location: Suthep, Chiang Mai
Palm Springs Nimman Phoenix Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Popular Facilities at Palm Springs Nimman Phoenix

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

Available Units at Palm Springs Nimman Phoenix

For Sale 1 For Rent 2
Get notified when new homes are being added to Palm Springs Nimman Phoenix
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Frequently Asked Questions

No pets are allowed at Palm Springs Nimman Phoenix unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Maya Lifestyle Shopping Center is the nearest Shopping Mall from Palm Springs Nimman Phoenix and it is 0.5 km away.

Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.

In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name.  The ownership titles of these 49 units is referred to as Freehold or Foreign Quota. 

This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.

 

Read more here

After you have found the right property at Palm Springs Nimman Phoenix you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Read more here

Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.

Read more here

Reviews

5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The condo is located in good location
Arina Lewis, United Kingdom, 3 years ago
I just moved into this condo less than a month ago. I haven’t found any problems since I moved here. I think it’s because this condo was newly completed, and it’s still in good condition. My room is a one-bedroom unit which is more spacious compared to other room types. Plus, the room comes with a modern design and complete furniture. Most importantly, the common area has many facilities, including a swimming pool and a fitness center. In addition, the condo is located in the city center with access to local amenities, like Central Chiangmai, which is very convenient.
Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Palm Springs Nimman Phoenix

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
96
Sales Prices
฿3.41M - ฿4.22M
▲ 0.7% overpriced
Monthly Rentals
฿14.1K
Year Built
Feb 2018
Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
587
Sales Prices
฿2.76M - ฿17.3M
▼ -14.6% underpriced
Monthly Rentals
฿12K - ฿30.1K
Year Built
May 2005
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
96
Sales Prices
฿3.51M
▲ 14% overpriced
Monthly Rentals
฿12K - ฿17.1K
Year Built
Aug 2016
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
62
Sales Prices
฿3.36M - ฿3.7M
Monthly Rentals
฿19.1K - ฿20.1K
Year Built
Dec 2017
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
68
Sales Prices
฿3.36M - ฿3.81M
▼ -0.5% underpriced
Monthly Rentals
N/A
Year Built
Dec 2017
Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
60
Sales Prices
฿2.9M
Monthly Rentals
N/A
Year Built
Jun 2015
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
62
Sales Prices
฿3.26M
Monthly Rentals
฿15.1K
Year Built
Aug 2015
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
45
Sales Prices
฿1.3M
Monthly Rentals
N/A
Year Built
Jan 1990
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
144
Sales Prices
฿1.2M - ฿2.6M
Monthly Rentals
฿14.1K
Year Built
Dec 2002
Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
60
Sales Prices
฿2.2M - ฿2.21M
Monthly Rentals
฿9.03K
Year Built
Dec 2013
Completion Status
Completed
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