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    1 Bedroom Condo for sale at Palm Springs Nimman Phoenix
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $101,000
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    1 Bedroom Condo for sale at Palm Springs Nimman Phoenix
    (1 Review)
    Unit ID: U220721
    4% Rental Yield
    Tenant-Occupied until Dec 31, 2024
    Suthep, Mueang Chiang Mai,Chiang Mai
    $101,000
    1 Bedroom
    1
    Bathroom
    379 Sqft
    Size
    3
    Floor
    Aug 2018
    Completed
    22
    Sale Price
    $101,000

    About This Condo

    This property is a 379 Sqft 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 Aug 2018. You can buy this condo for a base price of $101,000 ($266/Sqft) and it is also available for long term rentals starting from $374 per month.

    Features

    BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave TVTV

    Basic Information

    Date Listed Oct 29, 2019
    Updated 4 months ago
    Property Type Condo
    Floor 3
    Bedroom 1
    Size 379 Sqft
    Price per Sqft $266
    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) Blocked 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.
    N/A
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U220721

    Investment Opportunity: Charges & Yield

    Sale Price
    $101,000
    Rent
    $374/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. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
    4%

    Project Details

    Project Name: Palm Springs Nimman Phoenix
    Developer: Palm Springs Place Co., Ltd.
    Construction: Completed (Aug 2018)
    Floors: 8
    Buildings: 1
    Units: 70
    Project Area: 15,995 Sqft
    Nearest Landmark Maya Lifestyle Shopping Center - 0.5 Km
    Location: Suthep, Chiang Mai
    Palm Springs Nimman Phoenix 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 Phoenix

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

    Available Units at Palm Springs Nimman Phoenix

    For Sale 1 For Rent 2
    • All
    • 1 Bed
    Get notified when new homes are being added to Palm Springs Nimman Phoenix
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    Frequently Asked Questions

    No pets are allowed at Palm Springs Nimman Phoenix unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Maya Lifestyle Shopping Center is the nearest Shopping Mall from Palm Springs Nimman Phoenix 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 Palm Springs Nimman Phoenix 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

    5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    The condo is located in good location
    Arina Lewis, United Kingdom, 3 years ago
    I just moved into this condo less than a month ago. I haven’t found any problems since I moved here. I think it’s because this condo was newly completed, and it’s still in good condition. My room is a one-bedroom unit which is more spacious compared to other room types. Plus, the room comes with a modern design and complete furniture. Most importantly, the common area has many facilities, including a swimming pool and a fitness center. In addition, the condo is located in the city center with access to local amenities, like Central Chiangmai, which is very convenient.
    Chiang Mai
    Suthep

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