Unit ID: U1661
5% Rental Yield
Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai
$108,000
1 Bedroom
1
Bathroom
450 Sqft
Size
2
Floor
Nov 2014
Completed

About This Condo

This property is a 450 Sqft condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Nong Pa Khrang, Chiang Mai and was completed in Nov 2014. You can buy this condo for a base price of $108,000 ($240/Sqft).

Luxury Unlocked: Relax & Unwind in Your Dreamy Nong Pa Khrang Condo!

Are you longing to become the proud owner of a luxurious condo located in the quaint town of Nong Pa Khrang, Chiang Mai? Well, look no further, because this unprecedented property is just the opportunity you have been searching for. Measuring a whopping 41.82 SqM in area, this charming single-bedroom, single-bathroom condo is part of the recently opened My Hip Condo project. Constructed to an excellent finish in November 2014, this spic-and-span property is ready for you to move in and put your personal mark on it!Looking for the perfect pad to call your own doesn't have to come with daunting costs; this classic condo is available for a nominal base price of ฿2,843,760 (฿68,000/SqM). Imagine becoming the owner of this swanky condo, where modern styling combines with comfort and convenience, creating the perfect place to relax and unwind. Furthermore, you will also be privileged to enjoy a slew of complimentary facilities, ranging from a state-of-the-art gymnasium to a peaceful garden and much more!With the unwavering commitment to fulfil your residential needs, this elegant abode ensures that you will come home to a truly tranquil oasis that will help you lead your best life. If you want to live the life of your dreams without compromising on style, then this Nong Pa Khrang, Chiang Mai-based condo is just the property for you - so, don't wait and enquire today!

Features

Wet BarWet Bar BalconyBalcony

Basic Information

Date Listed Sep 7, 2022
Updated 3 months ago
Property Type Condo
Floor 2
Bedroom 1
Size 450 Sqft
Price per Sqft $240
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
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Built In
View(s) Mountain View
Unit Type 1 Bedroom
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.
$36/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U1661

Investment Opportunity: Charges & Yield

Sale Price
$108,000
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.
$36/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 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 My Hip Condo , and the current sales price.
5%

Project Details

Project Name: My Hip Condo
Construction: Completed (Nov 2014)
Floors: 7
Buildings: 3
Units: 328
Project Area: N/A
Nearest Landmark Bangkok Hospital Chiang Mai - 1.4 Km
Location: Nong Pa Khrang, Chiang Mai
My Hip Condo Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at My Hip Condo

  • Communal Pool
    1st Floor

Available Units at My Hip Condo

For Sale 11 For Rent 8
Get notified when new homes are being added to My Hip Condo
View All (11)

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
$290
1st Installment
Upon contract signing
$2,900
2nd Installment
On handover
100%

Frequently Asked Questions

No pets are allowed at My Hip 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 $1 per square meter based on the size of indoor area of the property and is $36 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 My Hip Condo the required payment for the sinking fund is $10 per square meter based on the size of the indoor area of the property.
Bangkok Hospital Chiang Mai is the nearest Hospital from My Hip Condo and it is 1.4 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 My Hip Condo you have to follow these steps:

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

 


Installment Milestone Payment
Reservation Deposit
Immediately
$290
1st Installment
Upon contract signing
$2,900
2nd Installment
On handover
100%

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
6 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Great Condo in the prime area
Corrie Covey, United States, 4 years ago
I've been here for about a year now. Overall, it is quite satisfying both in terms of location and room. It's near Big C Extra, Platinum, and Makro, making my daily routine much easier. Also, on Thursday-Saturday, there is a walking street where I can hang out after work. For me, I have a motorbike to get around. It's quite convenient even you don't have a car because you can walk for 5 minutes to catch the red minibus. The room I stay in is a one-bedroom unit that is in a perfect size. It doesn't make me feel cramped at all. Perhaps, it's because the ceiling is around 3 meters high, making the room look airier and comfortable. It makes me feel like living in a single-detached house. My room comes with full-furnished furniture, so I don't need to waste my time choosing it. The facilities include a swimming pool, a gym, and a garden. They are in every building, making it adequate and more convenient for all residents. I think this place is also worth the investment. When I move out, I can still rent out the place for tourists, students, or working people. I highly recommend it!
This is such a livable condo
Alana Cobbins, United States, 4 years ago
I have a room here with one bedroom on the 3rd floor. The room is 40 sq.m wide, fully-furnished, and the layout is divided into functional proportion. The communal swimming pool is wide, and the garden is just perfect for relaxation. Pleasant atmosphere and good staff! This is such a livable condo.
Stay safe and comfortable
Cleotilde Rafter, Canada, 5 years ago
This condo suits for real relaxation because it is a beautiful condo and complete facilities. Besides, the room I rented was neatly decorated. All the furniture is quality, and the areas are divided into zones; it is the perfect size for 2 bedrooms. Moreover, it is close to Bangkok Hospital Chiang Mai and Wiang Kum Kam, convenient for traveling as it is located in a prosperous area. It is such an excellent place to stay.
Spacious common area, convenient transportation near the mall
Caihong Feng, China, 5 years ago
The communal areas here are designed amazingly. It can be said that it is worth the money paid. The residence is located in the center of Chiang Mai and is considered okay. It is also not far from Central Festival Chiang Mai. However, it used to have a problem with a power drain. Anyway, it was considered good maintenance. Besides, the pool here is clean, and the staff is always taking care of it. Although it has been constructed for many years, the structure still looks new, and t he lobby is spacious. The room downstairs is too dark, but the rooms on the upper floor give mountain views, well-ventilation !!
Big room and clean
Jaehong Park, South Korea, 5 years ago
There's no need to explain a lot about this project. It is excellent; the room is spacious, new, and clean. Located in a perfect location next to Big C, Index Living Malls, and the Green Market Walking Street, within walking distance. There is a swimming pool, a gym and parking space available for residents. My room is a 1-bedroom room with standard furniture and an ensuite bathroom. The owner was very kind. Very impressed!
Good location, suitable
Lashay Vartanian, Brazil, 6 years ago
The condo is in an excellent location, convenient to travel to because it's in Chiang Mai Town, close to the Central Festival shopping mall and the Chiang Mai Bus Terminal 2. The condo is modernly designed to meet the needs and benefits of the residents. The furniture used in this project is in good quality - strong and durable. It's suitable for living. The facilities such as swimming pool, garden, and fitness are in good condition. This area is taken care of very well. Although it is not the latest project, the overall condition doesn't look old at all.
Chiang Mai
Nong Pa Khrang

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby My Hip Condo

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
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
$46.22K - $153.1K
▼ -30% underpriced
Monthly Rentals
$722
Year Built
May 2008
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
82
Sales Prices
$213.77K
▼ -10% underpriced
Monthly Rentals
N/A
Year Built
Jan 2012
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
$35.53K - $57.49K
Monthly Rentals
N/A
Year Built
Aug 2007
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
78
Sales Prices
$40.44K - $66.44K
Monthly Rentals
$433 - $448
Year Built
May 2015
Completion Status
Completed
Project Name
Anasiri Payap
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
101
Sales Prices
$316.32K - $519.97K
Monthly Rentals
$1.59K
Year Built
Dec 2015
Completion Status
Completed
Project Name
The Treasure
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
497
Sales Prices
$62.08K - $140.83K
▲ 10.3% overpriced
Monthly Rentals
$347 - $664
Year Built
Dec 2017
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
32
Sales Prices
$40.41K - $84K
Monthly Rentals
N/A
Year Built
Nov 2017
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
152
Sales Prices
$71.41K - $343.76K
▼ -10.3% underpriced
Monthly Rentals
$260
Year Built
Dec 2017
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
152
Sales Prices
$50.55K - $124.22K
▼ -14.6% underpriced
Monthly Rentals
$246 - $347
Year Built
Nov 2015
Completion Status
Completed
Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
217
Sales Prices
$49.11K - $129.99K
Monthly Rentals
$289
Year Built
Jan 2020
Completion Status
Completed
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