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    1 Bedroom Condo for sale at Peaks Garden
    Chang Khlan, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $97,700 $105,000
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    1 Bedroom Condo for sale at Peaks Garden
    (1 Review)
    Unit ID: U642600
    7% Rental Yield
    Tenant-Occupied until Feb 1, 2025
    Chang Khlan, Mueang Chiang Mai,Chiang Mai
    $97,700 $105,000 Great Price
    1 Bedroom
    1
    Bathroom
    579 Sqft
    Size
    2
    Floor
    Dec 2006
    Completed
    10
    Sale Price
    $97,700
    $105,000
    Great Price

    About This Condo

    This property is a 579 Sqft condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Chang Khlan, Chiang Mai and was completed in Dec 2006. You can buy this condo for a base price of $97,700 ($169/Sqft) and it is also available for long term rentals starting from $554 per month.

    Peaks Garden Condo For Rent and Sale

    This property is a 54 SQM condominium with one bedroom and one bathroom, completed in the December of 2006. As part of the Peaks Garden project, you can expect outstandingly crafted features throughout this property that create the perfect balance of relaxation and sophistication. Its generous size, modern construction and attention to detail make this property an ideal choice. Its airy, open-concept style provides much-needed room to move, with excellent use of light and space, while the thoughtfully appointed decor ensures an air of comfort and tranquillity.If you are seeking a space to settle with the utmost of style and convenience, look no further. This property is not only spacious, but elegant and would make an excellent base for a family or a single person. With its perceptive integration of luxury and practicality, it could prove to be the ideal rental or sale-worthy investment.

    Features

    BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave TVTV

    Basic Information

    Date Listed Mar 11, 2023
    Updated 1 month ago
    Property Type Condo
    Floor 2
    Bedroom 1
    Size 579 Sqft
    Price per Sqft $169
    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) Park View, Garden View, Unblocked Open View
    Unit Type N/A
    Building Peaks Garden
    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.
    $71/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U642600

    Investment Opportunity: Charges & Yield

    Sale Price
    $97,700
    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.
    $71/mo
    Rent
    $554/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.
    15
    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.
    7%

    Project Details

    Project Name: Peaks Garden
    Developer: Saha Asia Pacific Co., Ltd.
    Construction: Completed (Dec 2006)
    Floors: 8
    Buildings: 1
    Units: 77
    Project Area: 22 Sqft
    Nearest Landmark Chiang Mai Night Bazaar - 0.7 Km
    Location: Chang Khlan, Chiang Mai
    Peaks Garden 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
    Steam Room Steam Room
    Reception / Lobby Area Reception / Lobby Area

    Popular Facilities at Peaks Garden

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

    Available Units at Peaks Garden

    For Sale 8 For Rent 6
    • All
    • 1 Bed
    • 2 Beds
    • 4 Beds
    Get notified when new homes are being added to Peaks Garden
    View All (8)

    Loan Calculator

    Frequently Asked Questions

    No pets are allowed at Peaks Garden 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 $71 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.
    Chiang Mai Night Bazaar is the nearest Market from Peaks Garden 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 Peaks Garden you have to follow these steps:

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

     


    Payment Plan
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    10%
    1st Installment
    Upon contract signing
    40%
    2nd Installment
    On handover
    50%

    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
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Elegant room, beautiful furniture and swimming pool under big trees
    Zandra Durham, Australia, 9 years ago
    I had to travel away from home in Phuket to work in Chiang Mai, so I had to find a place to live alone, and I decided to rent a 1-bedroom condo here in which the room is not too spacious or too small, just right for one person like me. I like the location near all amenities, convenient to travel and go shopping for just a few minutes. However, there will be insufficient parking spaces, but I use the taxi service anyway. It is considered convenient, no need to grab the parking space with anyone. I love the swimming pool here; the atmosphere is pleasant and shady because it's under big trees, but I'm not sure what the tree they call it. Anyone who likes to swim but doesn't like the sun will be delighted. The surrounding condo is complete with many kinds of trees, just like in the forest; I love it here! Wherever you look, it is green and comfortable. Also, there is a daily rental service. It is suitable for anyone who travels to Chiang Mai to experience the cold wind during various festivals, and I recommend it so you won't be disappointed. The price is not high as well.
    Chiang Mai
    Chang Khlan

    Neighborhood Overview

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