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    2 Bedroom Condo for sale at The Nimmana Condo
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    ฿12,500,000
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    2 Bedroom Condo for sale at The Nimmana Condo
    (5 Reviews)
    Unit ID: U224572
    5% Rental Yield
    Tenant-Occupied until Jul 1, 2026
    Suthep, Mueang Chiang Mai,Chiang Mai
    ฿12,500,000
    2 Bedrooms
    2
    Bathrooms
    116.87 SqM
    Size
    4
    Floor
    Mar 2015
    Completed
    10
    Sale Price
    ฿12,500,000

    About This Condo

    This property is a 116.87 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Suthep, Chiang Mai and was completed in Mar 2015. You can buy this condo for a base price of ฿12,500,000 (฿106,956/SqM) and it is also available for long term rentals starting from ฿50,000 per month.

    Features

    BalconyBalcony BathtubBathtub Washing MachineWashing Machine MicrowaveMicrowave TVTV

    Basic Information

    Date Listed Jul 4, 2024
    Updated 4 months ago
    Property Type Condo
    Floor 4
    Bedrooms 2
    Size 116.87 SqM
    Price per SqM ฿106,956
    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%.

    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) 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.
    ฿5,259/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U224572

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿12,500,000
    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.
    ฿5,259/mo
    Rent
    ฿50,000/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.
    21
    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.
    5%

    Project Details

    Project Name: The Nimmana Condo
    Developer: Keystar property.,LTD
    Construction: Completed (Mar 2015)
    Floors: 8
    Buildings: 3
    Units: 350
    Project Area: 6,186 SqM
    Nearest Landmark Maya Lifestyle Shopping Center - 0.5 Km
    Location: Suthep, Chiang Mai
    The Nimmana Condo 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
    Sauna Sauna
    Reception / Lobby Area Reception / Lobby Area
    Communal Garden Area Communal Garden Area
    Key card access Key card access

    Popular Facilities at The Nimmana Condo

    • All
    • Fitness
    • Leisure
    • Convenience
    3
    • Reception / Lobby Area
      Ground Floor
    • Communal Pool
      Ground Floor
    • Communal Gym
      Ground Floor

    Available Units at The Nimmana Condo

    For Sale 16 For Rent 25
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Available Units at The Nimmana Condo
    ฿4,400,000
    ฿98,083/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 44.86 SqM Size
    Floor 4 Floor
    Fully Furnished Garden View
    Available Units at The Nimmana Condo
    ฿5,000,000
    ฿89,286/SqM
    Beds 2 Beds
    Baths 1 Baths
    Size 56 SqM Size
    Floor 7 Floor
    Fully Furnished
    Updated 1 week ago
    Available Units at The Nimmana Condo
    ฿4,900,000
    ฿106,522/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 46 SqM Size
    Floor 8 Floor
    Fully Furnished City View
    Updated 1 week ago
    Available Units at The Nimmana Condo
    ฿4,300,000
    ฿99,170/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 43.36 SqM Size
    Floor 4 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Nimmana Condo
    ฿3,700,000
    ฿82,222/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 45 SqM Size
    Floor 7 Floor
    Thai Quota Fully Furnished
    Updated 1 week ago
    Available Units at The Nimmana Condo
    ฿4,200,000
    ฿95,455/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 44 SqM Size
    Floor 2 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Nimmana Condo
    ฿4,490,000
    ฿101,653/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 44.17 SqM Size
    Floor 8 Floor
    Foreign Quota Partly Furnished City View
    Updated 1 week ago
    Available Units at The Nimmana Condo
    ฿4,200,000
    ฿96,088/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 43.71 SqM Size
    Floor 4 Floor
    Thai Quota Fully Furnished Mountain View
    Available Units at The Nimmana Condo
    ฿12,500,000
    ฿106,956/SqM
    Beds 2 Beds
    Baths 2 Baths
    Size 116.87 SqM Size
    Floor 4 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Nimmana Condo
    ฿5,000,000
    ฿94,340/SqM
    Great Price
    Beds 2 Beds
    Baths 1 Baths
    Size 53 SqM Size
    Floor 8 Floor
    Foreign Quota Fully Furnished Unblocked Open View
    Available Units at The Nimmana Condo
    ฿4,400,000฿4,500,000
    ฿97,778/SqM
    Great Price
    Beds 1 Beds
    Baths 1 Baths
    Size 45 SqM Size
    Floor Ground Floor Floor
    Thai Quota Fully Furnished Pool View
    Available Units at The Nimmana Condo
    ฿5,500,000
    ฿101,852/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 54 SqM Size
    Floor 3 Floor
    Foreign Quota Fully Furnished Pool View
    Available Units at The Nimmana Condo
    ฿5,500,000
    ฿121,681/SqM
    Beds 1 Beds
    Baths 1 Baths
    Size 45.20 SqM Size
    Floor 7 Floor
    Thai Quota Unfurnished Pool View
    Available Units at The Nimmana Condo
    ฿5,000,000
    ฿100,000/SqM
    Great Price
    Beds 1 Beds
    Baths 1 Baths
    Size 50 SqM Size
    Floor 5 Floor
    Thai Quota Fully Furnished Unblocked Open View
    Available Units at The Nimmana Condo
    ฿3,600,000
    ฿109,091/SqM
    Beds Studio Beds
    Baths 1 Baths
    Size 33 SqM Size
    Floor 7 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Nimmana Condo
    ฿5,500,000
    ฿104,364/SqM
    Beds 2 Beds
    Baths 1 Baths
    Size 52.70 SqM Size
    Floor 2 Floor
    Fully Furnished Garden View
    Get notified when new homes are being added to The Nimmana Condo
    View All (16)

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    Frequently Asked Questions

    No pets are allowed at The Nimmana Condo 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 ฿45 per square meter based on the size of indoor area of the property and is ฿5,259 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 Nimmana Condo the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
    Maya Lifestyle Shopping Center is the nearest Shopping Mall from The Nimmana Condo 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 Nimmana Condo 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

    4.2 out of 5
    Based on
    5 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Convenient location close to Chiang Mai Airport
    Agela Lunn, Denmark, 4 years ago
    We have stayed here for 1 year. The condo location is good and convenient for daily life. There are both on-site restaurants and a convenience store. The condo staff serves good services and excellently helps the residents. The rooms are beautiful, clean, and have a balcony overlooking the pool view. The neighbors are also friendly. It is regretful as it is near the airport. During the daytime, if we don't close the door at the balcony, we will hear the airplane's sound all the time. But personally, there is no problem at all because I became used to the sound of it. Living comfortably!!
    Cozy condo
    Yuth H., Thailand, 5 years ago
    A condo in a friendly environment in the heart of the Nimman area. The neighborhood is crowded by teenagers as the area is filled with chic restaurants and modern bars. The project facilities include a swimming pool, a garden, parking, and security guards in charge for 24 hours. They are so polite and helpful. The exterior is marvelous, while the interior is decorated according to European standards. The room is spacious, and space is allocated quite well.
    Luxurious rooms located in the heart of Chiang Mai City
    Layla Gray, Denmark, 5 years ago
    I stay here with my boyfriend. The condo is located in the Nimman area of the Chiang Mai center. The project facilities are complete. The prices here are worth the price. The environment is also good, and the weather is good all year round. Beneath the condo comprises a large swimming pool. Moreover, the common area is spacious. Even though it has only 8 floors, it is a luxury and worth the price. The staff is helpful and friendly, but they rarely speak English.
    The location is perfect
    Aliice Alejandro, United States, 5 years ago
    I’ve been renting this place for almost a year. The location is perfect as it is in the city center, making it pretty easy to travel anywhere. There are many shops, restaurants, and chic cafes in the Nimman area, and there is also a famous department store like Maya Chiang Mai. Also, here it is near the airport, there might be a little noise, so It’s not recommended for those who love peace. The room I stayed in is a one-bedroom room which is well-decorated in modern style. The condition of this condo still looks new as it’s well-maintained. The staff always keeps the common area clean. In my spare time, I usually read books on the terrace by the swimming pool, which makes me so relaxed. For those who want to work out, there is also a fitness center here that is fully-equipped. I would recommend this condo to anyone who is searching for a condo in the Nimman area. The price is also reasonable, judging from its quality.
    Where I'm impressed
    Wichien T., Thailand, 5 years ago
    It is probably one of the most beautiful condos in the Nimman area. The pool area is quiet, where to sit and relax in the leisure time. The staff are also helpful and friendly. It is convenient to have great accommodation in a lively area in Chiang Mai. It might be a bit noisy as it is near the airport. It is only 400 meters from the Maya Mall and closes to restaurants, 7-Eleven, shops, and others. It is about 2 kilometers from the old town, easily accessible by private car, tuk-tuk or taxi, depending on your convenience.
    Chiang Mai
    Suthep

    Neighborhood Overview

    Location and Neighborhood

    Street View

    Projects Nearby The Nimmana Condo

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    ฿3.45M - ฿6.78M
    ▼ -22.7% underpriced
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    ▼ -11% underpriced
    Monthly Rentals
    ฿20K - ฿24K
    Year Built
    Nov 2010
    Completion Status
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    Project Name
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    Suthep, Mueang Chiang Mai, Chiang Mai
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    100
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    Monthly Rentals
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    Year Built
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    ▼ -31.5% underpriced
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    Project Name
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    Monthly Rentals
    ฿14K
    Year Built
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    Hillside 3 Condominium
    Location
    Suthep, Mueang Chiang Mai, Chiang Mai
    Number of units
    370
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    ฿1.88M - ฿22.9M
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    Monthly Rentals
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    Number of units
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    Location
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    Number of units
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    Sales Prices
    ฿1.59M - ฿2.69M
    Monthly Rentals
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    Year Built
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    Completion Status
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