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    1 Bedroom Condo for sale at The Shine Condominium
    Chang Khlan, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $497,000
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    1 Bedroom Condo for sale at The Shine Condominium
    (2 Reviews)
    Unit ID: U1050868
    5% Rental Yield
    Chang Khlan, Mueang Chiang Mai,Chiang Mai
    $497,000
    1 Bedroom
    2
    Bathrooms
    1,862 Sqft
    Size
    15
    Floor
    Aug 2014
    Completed
    14
    Sale Price
    $497,000

    About This Condo

    This property is a 1,862 Sqft condo with 1 bedroom and 2 bathrooms that is available for sale. It is part of the project in Chang Khlan, Chiang Mai and was completed in Aug 2014. You can buy this condo for a base price of $497,000 ($267/Sqft).

    Features

    Covered ParkingCovered Parking DuplexDuplex BalconyBalcony BathtubBathtub

    Basic Information

    Date Listed Jan 19, 2022
    Updated 2 years ago
    Property Type Condo
    Floor 15
    Bedroom 1
    Size 1,862 Sqft
    Price per Sqft $267
    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) Mountain View, City View
    Unit Type N/A
    Building Building 1
    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.
    $331/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1050868

    Investment Opportunity: Charges & Yield

    Sale Price
    $497,000
    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.
    $331/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.
    19
    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 The Shine Condominium, and the current sales price.
    5%

    Project Details

    Project Name: The Shine Condominium
    Developer: The Empire Chiangmai (2552) Co., Ltd.
    Construction: Completed (Aug 2014)
    Floors: 15
    Buildings: 1
    Units: 108
    Project Area: 32,076 Sqft
    Nearest Landmark Chiang Mai International Airport - 3.9 Km
    Location: Chang Khlan, Chiang Mai
    The Shine Condominium Project Details

    Project Features

    On Site Restaurant On Site Restaurant
    Communal Pool Communal Pool
    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
    Library / Reading Room Library / Reading Room
    Communal Garden Area Communal Garden Area
    Key card access Key card access

    Popular Facilities at The Shine Condominium

    • All
    • Fitness
    • Leisure
    3
    • Communal Pool
      6th Floor
    • Communal Garden Area
      14th Floor
    • Communal Gym
      5th Floor
    • Sauna
      5th Floor

    Available Units at The Shine Condominium

    For Sale 27 For Rent 5
    • All
    • 1 Bed
    • 2 Beds
    Available Units at The Shine Condominium
    $123,000
    $218/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 565 Sqft Size
    Floor 10 Floor
    Foreign Quota Fully Furnished City View
    Updated 2 months ago
    Available Units at The Shine Condominium
    $132,000$144,000
    $246/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 538 Sqft Size
    Floor 12 Floor
    Foreign Quota Fully Furnished City View
    Updated 2 months ago
    Available Units at The Shine Condominium
    $82,400
    $215/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 383 Sqft Size
    Floor 7 Floor
    Foreign Quota Fully Furnished Mountain View
    Updated 2 months ago
    Available Units at The Shine Condominium
    $221,000
    $256/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 861 Sqft Size
    Floor 12 Floor
    Foreign Quota Fully Furnished City View
    Updated 2 months ago
    Available Units at The Shine Condominium
    $82,400
    $230/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 357 Sqft Size
    Floor 11 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Shine Condominium
    $79,100
    $206/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 383 Sqft Size
    Floor 8 Floor
    Thai Quota Fully Furnished Mountain View
    Available Units at The Shine Condominium
    $107,000
    $246/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 437 Sqft Size
    Floor 12 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Shine Condominium
    $135,000$144,000
    $241/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 560 Sqft Size
    Floor 10 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Shine Condominium
    $140,000
    $266/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 527 Sqft Size
    Floor 12 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Shine Condominium
    $391,000
    $267/Sqft
    Beds 1 Beds
    Baths 2 Baths
    Size 1,464 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Shine Condominium
    $388,000
    $267/Sqft
    Beds 1 Beds
    Baths 2 Baths
    Size 1,453 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Shine Condominium
    $394,000
    $267/Sqft
    Beds 1 Beds
    Baths 2 Baths
    Size 1,475 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Shine Condominium
    $497,000
    $267/Sqft
    Beds 1 Beds
    Baths 2 Baths
    Size 1,862 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Shine Condominium
    $535,000
    $296/Sqft
    Beds 2 Beds
    Baths 2 Baths
    Size 1,808 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Shine Condominium
    $174,000
    $212/Sqft
    Beds 2 Beds
    Baths 2 Baths
    Size 818 Sqft Size
    Floor Ground Floor Floor
    Fully Furnished City View
    Available Units at The Shine Condominium
    $730,000
    $392/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 1,862 Sqft Size
    Floor 14 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Shine Condominium
    $571,000
    $393/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 1,453 Sqft Size
    Floor 14 Floor
    Thai Quota Fully Furnished Garden View
    Available Units at The Shine Condominium
    $106,000
    $273/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 388 Sqft Size
    Floor 12 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Shine Condominium
    $786,000
    $392/Sqft
    Beds 2 Beds
    Baths 2 Baths
    Size 2,002 Sqft Size
    Floor 14 Floor
    Thai Quota Fully Furnished City View
    Available Units at The Shine Condominium
    $106,000
    $244/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 433 Sqft Size
    Floor 9 Floor
    Thai Quota City View
    Available Units at The Shine Condominium
    $736,000$872,000
    $366/Sqft
    Beds 2 Beds
    Baths 2 Baths
    Size 2,007 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished River or Canal View
    Available Units at The Shine Condominium
    $530,000$662,000
    $361/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 1,467 Sqft Size
    Floor 14 Floor
    Foreign Quota Fully Furnished River or Canal View
    Available Units at The Shine Condominium
    $577,000
    $391/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 1,475 Sqft Size
    Floor 14 Floor
    Thai Quota Fully Furnished Garden View
    Available Units at The Shine Condominium
    $574,000
    $392/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 1,464 Sqft Size
    Floor 14 Floor
    Thai Quota Fully Furnished Garden View
    Available Units at The Shine Condominium
    $530,000$669,000
    $357/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 1,483 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Shine Condominium
    $530,000$632,000
    $364/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 1,455 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished Mountain View
    Available Units at The Shine Condominium
    $706,000$845,000
    $377/Sqft
    Beds 1 Beds
    Baths 1 Baths
    Size 1,873 Sqft Size
    Floor 15 Floor
    Foreign Quota Fully Furnished River or Canal View
    Get notified when new homes are being added to The Shine Condominium
    View All (27)

    Loan Calculator

    Frequently Asked Questions

    No pets are allowed at The Shine 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 $2 per square meter based on the size of indoor area of the property and is $331 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 The Shine Condominium the required payment for the sinking fund is $12 per square meter based on the size of the indoor area of the property.
    Chiang Mai International Airport is the nearest Airport from The Shine Condominium and it is 3.9 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 The Shine 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

    4.3 out of 5
    Based on
    2 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Another quality condo in Chiang Mai.
    Carly Artiaga, United States, 5 years ago
    Another quality condo in Chiang Mai. Good location near Chiang Mai Night Bazaar and Wualai Walking Street suitable for people who love a flea market like me. The room I bought has 1 bedroom, but it's 135 sq.m wide, much larger than other typical 1-bedroom units. The gym is relatively small, with a few gym equipment. The pool is clean as the staff takes good care of it. Worth paying!
    The condo is located in good location
    Jinlian Lee, China, 5 years ago
    I made a long-term lease, and I was not disappointed at renting here. Apart from the convenient traveling, there are also many street food restaurants, and the prices are very cheap. I was able to travel to the Night Bazaar and chilled with my friends easily. Everything was inexpensive and easy to reach. My room is on the 7th floor, can get the wind from the balcony well. It didn't need to turn on the air conditioner in winter. The weather here is quite nice full of trees. The most important thing is it does not cheat the electricity bills like other apartments in Thailand.
    Chiang Mai
    Chang Khlan

    Neighborhood Overview

    Location and Neighborhood

    Street View

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