Unit ID: U1848254
5% Rental Yield
Suthep, Mueang Chiang Mai,Chiang Mai
฿2,400,000
1 Bedroom
1
Bathroom
32 SqM
Size
6
Floor
Nov 2014
Completed

About This Condo

This property is a 32 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 Nov 2014. You can buy this condo for a base price of ฿2,400,000 (฿75,000/SqM).

Mountain View 1bedroom 1bathroom

TV, Refrigerator, A/C(12,000BTU & 18,000BTU), Mricowave, Washing Machine

Features

Private GymPrivate Gym Pool AccessPool Access Garden AccessGarden Access Covered ParkingCovered Parking BalconyBalcony

Basic Information

Date Listed May 24, 2024
Updated 6 months ago
Property Type Condo
Floor 6
Bedroom 1
Size 32 SqM
Price per SqM ฿75,000
Pets N/A
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
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.
฿960/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1848254

Investment Opportunity: Charges & Yield

Sale Price
฿2,400,000
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.
฿960/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.
20
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 One Plus Klong Chon 1, and the current sales price.
5%

Project Details

Project Name: One Plus Klong Chon 1
Developer: N/A
Construction: Completed (Nov 2014)
Floors: 8
Buildings: N/A
Units: 152
Project Area: N/A
Nearest Landmark Chiang Mai University - 0.7 Km
Location: Suthep, Chiang Mai
One Plus Klong Chon 1 Project Details

Project Features

On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna

Available Units at One Plus Klong Chon 1

For Sale 4 For Rent 1
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Frequently Asked Questions

The common area maintenance fee is ฿30 per square meter based on the size of indoor area of the property and is ฿960 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.
For new projects, the buyer pays a one-off lump sum upon transfer of the property from the developer to the buyer. This fund is to be used for major renovations and replacement of equipment when necessary, to ensure the maintenance of the building and the common area. At One Plus Klong Chon 1 the required payment for the sinking fund is ฿300 per square meter based on the size of the indoor area of the property.
Chiang Mai University is the nearest University from One Plus Klong Chon 1 and it is 0.7 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 One Plus Klong Chon 1 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

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