Unit ID: U1644422
6% Rental Yield
San Sai Noi, San Sai,Chiang Mai
฿3,020,000
1 Bedroom
1
Bathroom
36 SqM
Size
2
Floor
Dec 2022
Completed

About This Condo

This property is a 36 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in San Sai Noi, Chiang Mai and was completed in Dec 2022. You can buy this condo for a base price of ฿3,020,000 (฿83,889/SqM).

New fully furnished Condo Next to Central Festival Chiangmai

The One Chiang Mai, 35.55 SQM 1 bed. Condo next to Central Festival (300m). Including furniture and electrical appliances. Ready to move in. The One Chiang Mai project is divided into 3 phases to develop into a residential area. along with developments in new commercial and economic centers With the commercial area along the river, The One condominium is located in the popular business district of Chiang Mai. Surrounded by modern comforts Close to Central Festival Shopping Center. Ready to connect to all routes in the heart of the city easily And in the midst of the beauty of the Lanna kingdom and the spectacular beauty of the culture that is very precious   Facilities  elevator, parking, 24-hours security, cctv, swimming pool.   Pros Luxurious condo on a perfectly designed green area. surrounded by trees in the midst of natural shady Suitable for living and wanting peace and quiet. The architecture designed in harmony with nature gives a feeling of relaxation from exhaustion. Distinguished by the shady landscape, giving you a sense of enjoyment with a large swimming pool and complete facilities. The project is located on a good location. Near the largest shopping center in Chiang Mai. Central Festival, just 2 minutes   Location near Chiang Mai's largest shopping center Central Festival, just 2 minutes (100 meters) Near Bangkok Hospital Chiang Mai, only 5 minutes Near leading supermarkets such as Big C, Tesco Lotus, Makro, Rimping, Top Supermarkets and others, only 6 minutes. Close to educational institutions and international schools. The good and famous of Chiang Mai, only 8 minutes. Near Nimman Road, only 10 minutes Near the Nimman area, such as Maya Department Store, one Nimman, only 10 minutes Chiang Mai International Airport, only 20 minutes Near Ruamchok Mall, only 5 minutes

Features

BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave

Basic Information

Date Listed Sep 7, 2023
Updated 1 year ago
Property Type Condo
Floor 2
Bedroom 1
Size 36 SqM
Price per SqM ฿83,889
Pets Cats and Dogs (small only)
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%.

Foreign 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) Pool View, Garden View
Unit Type N/A
Building Building C
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.
฿1,620/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1644422

Investment Opportunity: Charges & Yield

Sale Price
฿3,020,000
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.
฿1,620/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.
16
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 The One Chiang Mai, and the current sales price.
6%

Project Details

Project Name: The One Chiang Mai
Construction: Completed (Dec 2022)
Floors: 8
Buildings: 5
Units: 760
Project Area: 51,200 SqM
Nearest Landmark Central Chiangmai - 0.5 Km
Location: San Sai Noi, Chiang Mai
The One Chiang Mai Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
Indoor Kids Zone Indoor Kids Zone
Outdoor Kids Zone Outdoor Kids Zone

Popular Facilities at The One Chiang Mai

  • Communal Pool
    1st Floor
  • Communal Gym
    1st Floor
  • Communal Garden Area
    1st Floor
  • Bar
    2nd Floor

Available Units at The One Chiang Mai

For Sale 10 For Rent 9
Get notified when new homes are being added to The One Chiang Mai
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Frequently Asked Questions

Small dogs (weight under 15 kg), cats and small pets like rabbits, hamsters and guinea pigs are allowed at The One Chiang Mai.
The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿1,620 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 The One Chiang Mai the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Central Chiangmai is the nearest Shopping Mall from The One Chiang Mai 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 The One Chiang Mai you have to follow these steps:

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

 


Building C
Installment Milestone Payment
Reservation Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
30%
Down Payment
4 months
40%
3rd Installment
On handover
30%
Building C
Installment Milestone Payment
Reservation Deposit
Immediately
฿100,000
1st Installment
Upon contract signing
30%
Down Payment
4 months
40%
3rd Installment
On handover
30%

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

4.5 out of 5
Based on
5 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
amazing new project
Verified Current Resident, 9 months ago
I own a condo here and so happy I bought it. Facilities are top notch, pool is wonderful and gym is open now. It's a 5 minutes walk to Central Festival. Finishes inside the condo are good. I am a happy owner
Checks all of our requirements
Dan Maurice, Current Resident, 1 year ago
Very well built. Staff are responsive. Very good location. Quiet area within walking distance to Central Festival. Just a Grab ride away from old city and food deliveries. Great amenities. Awesome pools 😎
Looking for more opinions!
Verified Visitor, 1 year ago
Contemplating buying a condo here. Visited the sales centre, and it's nearly completed, closing probably in 2Q 2023. Looking forward to seeing more reviews from buyers. Location seems excellent and facilities top-notch. Showroom apartments give the impression that finishings are good, albeit perhaps a notch below western standards.
Resort style condo next to Central Festival
Matthias Kraft, Visitor, 2 years ago
I have visited twice this condo and the construction is 6-9 month from finished so we can already have a good idea of the final result, and I must say that it looks very much like on the pictures or the model that you can see on the sales area. I think the high price tag is justified by the build quality and services on site. We used to book hotels while in the city since we have a house up north in the coutryside where we spend much of our time, and this will perfectly replace any 5 star hotel around Chiang Mai, and hey, it is 5 minutes walk away from Central Festival which we consider extremely convenient, and also super highway is just there so you can reach any part of the city in a very short time. All in all we are very excited to have booked a 2 room condo on the 7th floor and are very much looking forward to be able to stay there while in the city.
A new condominium in the suburbs, close to the Central Festival
Lilly Chan, China, 3 years ago
This project is nearly completed. I went to explore the route and saw the real one. I think that it is different from the advertisement pictures. But the luxury and design are wonderful. The decorations look luxurious, and the project comprises numerous rooms. The common area is also large, including a large communal pool and a seating area around the pool. The project decoration represents a resort-style that is very shady and pleasant. The room I reserved is a 1 bedroom which I think is enough for 2 people. It is fully furnished. As for the journey, I think it is quite far from the amenities. You need a private car to be more convenient. Anyway, if going to the Central Festival is considered extremely convenient. It only takes about 5 minutes to walk !!
Chiang Mai
San Sai Noi

Neighborhood Overview

Location and Neighborhood

Street View

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