Unit ID: U121840
5% Rental Yield
Suthep, Mueang Chiang Mai,Chiang Mai
฿4,200,000
1 Bedroom
1
Bathroom
41 SqM
Size
3
Floor
Feb 2018
Completed

About This Condo

This property is a 41 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Suthep, Chiang Mai and was completed in Feb 2018. You can buy this condo for a base price of ฿4,200,000 (฿102,439/SqM).

Features

Covered ParkingCovered Parking BalconyBalcony

Basic Information

Date Listed Sep 16, 2022
Updated 1 year ago
Property Type Condo
Floor 3
Bedroom 1
Size 41 SqM
Price per SqM ฿102,439
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) Mountain View, City View, Unblocked Open View
Unit Type N/A
Building Palm Springs Nimman Fountain
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.
฿1,230/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U121840

Investment Opportunity: Charges & Yield

Sale Price
฿4,200,000
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.
฿1,230/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.
21
Rental Yield
This is the gross rental yield based on the estimated rental rate. To calculate this figure we use the average monthly rent rates (for 1-year contracts) from other 1 bedroom condos at Palm Springs Nimman Fountain , and the current sales price.
5%

Project Details

Construction: Completed (Feb 2018)
Floors: 8
Buildings: 1
Units: 96
Project Area: 3,977 SqM
Nearest Landmark Maya Lifestyle Shopping Center - 0.6 Km
Location: Suthep, Chiang Mai
Palm Springs Nimman Fountain 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 Fountain

  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

Available Units at Palm Springs Nimman Fountain

For Sale 2 For Rent 1
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Frequently Asked Questions

No pets are allowed at Palm Springs Nimman Fountain unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿30 per square meter based on the size of indoor area of the property and is ฿1,230 for this condo. This fee has to be paid by owners for the upkeep of the common areas of the project. For new residential developments, it is common to pay up to 1-3 years’ common area maintenance fees in advance upon the transfer of the properties' ownership.
Maya Lifestyle Shopping Center is the nearest Shopping Mall from Palm Springs Nimman Fountain and it is 0.6 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 Fountain 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

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Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Palm Springs Nimman Fountain

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
70
Sales Prices
฿3.5M
▲ 28% overpriced
Monthly Rentals
฿13K - ฿18K
Year Built
Aug 2018
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
96
Sales Prices
฿3.5M
▲ 14% overpriced
Monthly Rentals
฿12K - ฿17K
Year Built
Aug 2016
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
62
Sales Prices
฿3.35M - ฿3.69M
Monthly Rentals
฿19K - ฿20K
Year Built
Dec 2017
Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
587
Sales Prices
฿1.8M - ฿17.2M
▼ -14.6% underpriced
Monthly Rentals
฿13K - ฿30K
Year Built
May 2005
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
68
Sales Prices
฿3.35M - ฿3.8M
▼ -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
฿2.89M
Monthly Rentals
N/A
Year Built
Jun 2015
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
144
Sales Prices
฿1.2M - ฿2.89M
Monthly Rentals
฿14K
Year Built
Dec 2002
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
45
Sales Prices
฿2.6M
Monthly Rentals
N/A
Year Built
Jan 1990
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
62
Sales Prices
฿3.25M
Monthly Rentals
฿15K
Year Built
Aug 2015
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
48
Sales Prices
฿3.15M - ฿4.25M
Monthly Rentals
฿22K
Year Built
Jul 2017
Completion Status
Completed
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