Unit ID: U1899606
7% Rental Yield
Suthep, Mueang Chiang Mai,Chiang Mai
$74,500
1 Bedroom
1
Bathroom
492 Sqft
Size
4
Floor
Nov 2009
Completed

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 $74,500 ($151/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 4 weeks ago
Property Type Condo
Floor 4
Bedroom 1
Size 492 Sqft
Price per Sqft $151
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
$74,500
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
Get notified when new homes are being added to Punna Residence 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

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Punna Residence 5

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
Project Name
Baan Hor Kum
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
112
Sales Prices
$63.3K - $244.59K
▼ -23% underpriced
Monthly Rentals
N/A
Year Built
Dec 1996
Completion Status
Completed
Project Name
The Hill Park
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
120
Sales Prices
$34.24K - $57.55K
▼ -32% underpriced
Monthly Rentals
$288
Year Built
Oct 1998
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
59
Sales Prices
$40.28K - $181.28K
Monthly Rentals
$432 - $518
Year Built
Dec 2009
Completion Status
Completed
Project Name
V Residence
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
138
Sales Prices
$63.3K - $94.02K
▼ -11.5% underpriced
Monthly Rentals
N/A
Year Built
Dec 2014
Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
165
Sales Prices
$50.75K
▼ -30% underpriced
Monthly Rentals
$2.49K
Year Built
Sep 2008
Completion Status
Completed
Project Name
Stylish Chiangmai
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
99
Sales Prices
$86.04K - $244.59K
▼ -16.5% underpriced
Monthly Rentals
$806
Year Built
Dec 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
152
Sales Prices
$57.26K - $83.45K
Monthly Rentals
$288
Year Built
Nov 2014
Completion Status
Completed
Project Name
Hill Park Condo 2
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
96
Sales Prices
$100.42K - $158.26K
▼ -50% underpriced
Monthly Rentals
$259 - $719
Year Built
Dec 1996
Completion Status
Completed
Project Name
Thaweephol Tower
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
168
Sales Prices
$50.36K - $51.51K
Monthly Rentals
$374 - $460
Year Built
Mar 1998
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
78
Sales Prices
$60.43K - $73.38K
▼ -17% underpriced
Monthly Rentals
N/A
Year Built
Dec 2013
Completion Status
Completed
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