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    1 Bedroom Condo for sale at Play Condominium
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $141,000 $147,000
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    1 Bedroom Condo for sale at Play Condominium
    (1 Review)
    Unit ID: U30503
    4% Rental Yield
    Tenant-Occupied until Dec 31, 2024
    Suthep, Mueang Chiang Mai,Chiang Mai
    $141,000 $147,000
    1 Bedroom
    1
    Bathroom
    484 Sqft
    Size
    7
    Floor
    Apr 2016
    Completed
    8
    Sale Price
    $141,000
    $147,000

    About This Condo

    This property is a 484 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 Apr 2016. You can buy this condo for a base price of $141,000 ($291/Sqft) and it is also available for long term rentals starting from $518 per month.

    Priceless Palace: Incredible Suthep Condo Now Available

    Welcome to your future home – an elegant oasis right in the heart of Suthep, Chiang Mai. Now available to make all your dreams a reality, this spacious, 45 square meter condo features one bedroom and one bathroom.It's not just any property... it's part of the highly coveted Play Condominium Project, built in April of 2016. And who can't appreciate the alluring price tag of a mere ฿4,900,000 (yes – a healthy 108,889 baht per square meter!) You even have the option to rent the place out longer-term, starting at only ฿18,000 per month.Plus, this luxurious condo offers premium amenities to boot. Spacious and modern, the living and kitchen areas are replete with mod-cons, while the bedroom offers all the features you'd expect – home cinema surround sound and insulation, large windows, high-end carpeting, and much more. Relax outside too and take in the incredible Thai sun on your very own private balcony.But why take our word for it? See it to believe it! Come take a tour and see why this charming condo should be yours. After all, it's not every day you can find such an incredible property at an even more incredible price! Reach out today and start living tomorrow.

    Features

    BalconyBalcony BathtubBathtub

    Basic Information

    Date Listed Mar 28, 2022
    Updated 6 months ago
    Property Type Condo
    Floor 7
    Bedroom 1
    Size 484 Sqft
    Price per Sqft $291
    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) City View, Unblocked Open View
    Unit Type 1 BR
    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.
    $58/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U30503

    Investment Opportunity: Charges & Yield

    Sale Price
    $141,000
    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.
    $58/mo
    Rent
    $518/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.
    23
    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: Play Condominium
    Developer: N/A
    Construction: Completed (Apr 2016)
    Floors: 6
    Buildings: N/A
    Units: 65
    Project Area: N/A
    Nearest Landmark Maya Lifestyle Shopping Center - 0.4 Km
    Location: Suthep, Chiang Mai
    Play Condominium Project Details

    Project Features

    Hotel Managed Hotel Managed
    Communal Pool Communal Pool
    Jacuzzi Jacuzzi
    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

    Available Units at Play Condominium

    For Sale 11 For Rent 3
    • All
    • Studio
    • 1 Bed
    Get notified when new homes are being added to Play Condominium
    View All (11)

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    Frequently Asked Questions

    No pets are allowed at Play Condominium 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 $58 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 Play Condominium the required payment for the sinking fund is $14 per square meter based on the size of the indoor area of the property.
    Maya Lifestyle Shopping Center is the nearest Shopping Mall from Play Condominium and it is 0.4 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 Play Condominium 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
    Perfect condo!
    Max Corral, Mexico, 5 years ago
    I don't think I can explain how perfect the condo is in one hour because it's equipped with everything you need. The location is in the Nimmanhaemin area, convenient for living. On the opposite side, there is a night market such as Kad Rin Kham Market, Maya shopping mall, and many cute coffee shops. The project has a rooftop swimming pool that might look a bit small but has a good atmosphere. There are comfortable beds and a small bar as well. The bedroom I rented has a large one bedroom that is just perfect for two people. It's modernly decorated. The bed is super soft and comfortable. The furniture is brand new. The view from the room is a beautiful mountain view. Oh, I forgot to tell you that there is a maid service available for 400 baht a day.
    Chiang Mai
    Suthep

    Neighborhood Overview

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    Year Built
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    Completion Status
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