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    1 Bedroom Condo for sale at Punna Residence 5
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $75,500
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    1 Bedroom Condo for sale at Punna Residence 5
    (1 Review)
    Unit ID: U1899606
    7% Rental Yield
    Suthep, Mueang Chiang Mai,Chiang Mai
    $75,500
    1 Bedroom
    1
    Bathroom
    492 Sqft
    Size
    4
    Floor
    Nov 2009
    Completed
    16
    Sale Price
    $75,500

    About This Condo

    This property is a 492 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 Nov 2009. You can buy this condo for a base price of $75,500 ($153/Sqft).

    Condo Punna 5 with Free Transfer Fee

    Punna Residence 5 offers you the perfect opportunity to own a stylish and convenient condo in the heart of Chiang Mai. This 1-bedroom, 1-bathroom unit on the 4th floor is located just a short walk from Chiang Mai University, making it ideal for students and professionals alike. With a spacious area of 45.71 square meters, this condo provides ample room to relax and unwind. The modern design and high-quality finishes create a welcoming and comfortable atmosphere. Enjoy the convenience of living close to everything you need:
    • Chiang Mai University: Just a short walk away, making it easy to get to class or the library
    • Nimmanhemin Street: A vibrant neighborhood with trendy cafes, restaurants, and shops
    • Maya Shopping Center: A modern shopping mall with a variety of stores and restaurants
    • Central Festival Chiang Mai: The largest shopping mall in Chiang Mai, with everything you could ever want
    • Chiang Mai Night Bazaar: A must-visit for any tourist, with a wide variety of souvenirs and local crafts
    This condo comes fully furnished with everything you need to move in right away, including:
    • Bed
    • Sofa
    • Dining table and chairs
    • Kitchen appliances
    • Bathroom amenities
    Special Offers:
    • Free transfer fees
    • Free common area fees until April 30, 2025

    Features

    Pool AccessPool Access

    Basic Information

    Date Listed Jul 22, 2024
    Updated 1 month ago
    Property Type Condo
    Floor 4
    Bedroom 1
    Size 492 Sqft
    Price per Sqft $153
    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) Pool 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 U1899606

    Investment Opportunity: Charges & Yield

    Sale Price
    $75,500
    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.
    14
    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 Punna Residence 5, and the current sales price.
    7%

    Project Details

    Project Name: Punna Residence 5
    Developer: N/A
    Construction: Completed (Nov 2009)
    Floors: 8
    Buildings: N/A
    Units: 136
    Project Area: N/A
    Nearest Landmark Chiang Mai International Airport - 4.2 Km
    Location: Suthep, Chiang Mai
    Punna Residence 5 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

    Available Units at Punna Residence 5

    For Sale 5 For Rent 3
    • All
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Punna Residence 5
    View All (5)

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    Frequently Asked Questions

    No pets are allowed at Punna Residence 5 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Chiang Mai International Airport is the nearest Airport from Punna Residence 5 and it is 4.2 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 Punna Residence 5 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
    It is a private, quiet and good location.
    Anton H., Sweden, 3 years ago
    The condo is very quiet and private. There is a fitness center, a swimming pool, and parking spaces for those who live in the project. The staff here are nice, friendly, and helpful. The project location is excellent, located near Chiang Mai University, surrounded by a local community. There are a lot of restaurants, and the famous Nimman area is just a few minutes' drives away.
    Chiang Mai
    Suthep

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