Unit ID: U86
5% Rental Yield
Mae Hia, Mueang Chiang Mai,Chiang Mai
$188,000
2 Bedrooms
2
Bathrooms
1,231 Sqft
Size
2
Floor
Jun 2011
Completed

About This Condo

This property is a 1,231 Sqft condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Mae Hia, Chiang Mai and was completed in Jun 2011. You can buy this condo for a base price of $188,000 ($153/Sqft).

Luxury Mae Hia Condo - Don't Miss This Unparalleled Opportunity!

If you're searching for a luxurious condominium, look no further than this 2-bedroom, 2-bathroom property located in Mae Hia, Chiang Mai. Measuring 114.33 SqM, it is part of the acclaimed Grand Siritara Condo project, completed in June 2011, and is now available for purchase. This is an unparalleled opportunity to become the owner of a world-class condo, located in one of the most desirable parts of Chiang Mai.The condominium is thoughtfully designed with everything you need for a contemporary lifestyle. The modern interiors evoke a sense of relaxation and rest, making this property the perfect spot for budget-wise buyers seeking a high-end residence. From the spacious bedrooms, lavish bathrooms, and custom designed fixtures and fittings, this is a chance to purchase a dwelling that will impress even the most exacting of tastes.What's more, this exquisite condominium is also available at an amazingly affordable rate. Purchase this sought-after home for the highly competitive base price of ฿6,500,000 (฿56,853/SqM), a fantastic rate for an accommodation of such caliber.This is your chance to acquire a breathtaking condo and make Mae Hia, Chiang Mai your home. Enquire now and discover why this is an incredible opportunity for savvy investors and homeowners alike.

Basic Information

Date Listed Nov 3, 2016
Updated 4 years ago
Property Type Condo
Floor 2
Bedrooms 2
Size 1,231 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%.

N/A
Furniture
Unfurnished
View(s) Blocked 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.
$99/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U86

Investment Opportunity: Charges & Yield

Sale Price
$188,000
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.
$99/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.
21
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 2 bedroom condos at Grand Siritara Condo, and the current sales price.
5%

Project Details

Project Name: Grand Siritara Condo
Construction: Completed (Jun 2011)
Floors: 8
Buildings: 2
Units: 79
Project Area: 34,746 Sqft
Nearest Landmark Chiang Mai International Airport - 4.4 Km
Location: Mae Hia, Chiang Mai
Grand Siritara Condo 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
Reception / Lobby Area Reception / Lobby Area
Laundry Facilities / Dry Cleaning Laundry Facilities / Dry Cleaning

Popular Facilities at Grand Siritara Condo

  • Communal Pool
    3rd Floor
  • Communal Gym
    3rd Floor

Available Units at Grand Siritara Condo

For Sale 29 For Rent 8
Available Units at Grand Siritara Condo
$80,900
$136/Sqft
Beds 1 Beds
Baths 1 Baths
Size 593 Sqft Size
Floor 3 Floor
Unfurnished
Available Units at Grand Siritara Condo
$130,000
$105/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,240 Sqft Size
Floor 6 Floor
Thai Quota Partly Furnished Unblocked Open View
Available Units at Grand Siritara Condo
$86,700
$144/Sqft
Beds 1 Beds
Baths 1 Baths
Size 600 Sqft Size
Floor 2 Floor
Unfurnished
Available Units at Grand Siritara Condo
$133,000$182,000
$107/Sqft
Great Price
Beds 2 Beds
Baths 2 Baths
Size 1,240 Sqft Size
Floor 6 Floor
Company Mountain View
Available Units at Grand Siritara Condo
$89,600
$139/Sqft
Beds 1 Beds
Baths 1 Baths
Size 645 Sqft Size
Floor 1 Floor
Unfurnished
Available Units at Grand Siritara Condo
$136,000
$107/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,266 Sqft Size
Floor 7 Floor
Thai Quota Partly Furnished Unblocked Open View
Available Units at Grand Siritara Condo
$95,300
$147/Sqft
Beds 1 Beds
Baths 1 Baths
Size 647 Sqft Size
Floor 3 Floor
Unfurnished Pool View
Available Units at Grand Siritara Condo
$150,000
$118/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,266 Sqft Size
Floor 7 Floor
Thai Quota Unfurnished Pool View
Available Units at Grand Siritara Condo
$110,000
$150/Sqft
Beds 1 Beds
Baths 1 Baths
Size 731 Sqft Size
Floor 3 Floor
Unfurnished Pool View
Available Units at Grand Siritara Condo
$150,000
$118/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,266 Sqft Size
Floor 8 Floor
Thai Quota Unfurnished City View
Available Units at Grand Siritara Condo
$124,000
$205/Sqft
Beds 1 Beds
Baths 1 Baths
Size 606 Sqft Size
Floor 7 Floor
Unfurnished Pool View
Available Units at Grand Siritara Condo
$124,000
$135/Sqft
Beds 1 Beds
Baths 2 Baths
Size 920 Sqft Size
Floor 1 Floor
Unfurnished
Available Units at Grand Siritara Condo
$174,000$225,000
$135/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,289 Sqft Size
Floor 6 Floor
Thai Quota Unfurnished
Available Units at Grand Siritara Condo
$126,000
$135/Sqft
Beds 1 Beds
Baths 2 Baths
Size 933 Sqft Size
Floor 2 Floor
Unfurnished
Available Units at Grand Siritara Condo
$174,000
$137/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,273 Sqft Size
Floor 7 Floor
Thai Quota Unblocked Open View
Available Units at Grand Siritara Condo
$188,000
$153/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,231 Sqft Size
Floor 2 Floor
Unfurnished
Available Units at Grand Siritara Condo
$127,000
$193/Sqft
Beds 1 Beds
Baths 1 Baths
Size 660 Sqft Size
Floor 7 Floor
Unfurnished
Available Units at Grand Siritara Condo
$169,000
$140/Sqft
Beds 1 Beds
Baths 1 Baths
Size 1,208 Sqft Size
Floor 1 Floor
Unfurnished
Available Units at Grand Siritara Condo
$188,000
$153/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,231 Sqft Size
Floor 2 Floor
Unfurnished
Available Units at Grand Siritara Condo
$191,000
$147/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,293 Sqft Size
Floor 2 Floor
Unfurnished
Available Units at Grand Siritara Condo
$191,000
$151/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,266 Sqft Size
Floor 6 Floor
Unfurnished
Available Units at Grand Siritara Condo
$191,000
$151/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,266 Sqft Size
Floor 6 Floor
Unfurnished Pool View
Available Units at Grand Siritara Condo
$191,000
$147/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,293 Sqft Size
Floor 2 Floor
Unfurnished
Available Units at Grand Siritara Condo
$196,000
$157/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,247 Sqft Size
Floor 4 Floor
Unfurnished Mountain View
Available Units at Grand Siritara Condo
$199,000
$157/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,266 Sqft Size
Floor 7 Floor
Unfurnished Mountain View
Available Units at Grand Siritara Condo
$199,000
$157/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,273 Sqft Size
Floor 7 Floor
Unfurnished
Available Units at Grand Siritara Condo
$222,000
$176/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,266 Sqft Size
Floor 6 Floor
Unfurnished Pool View
Available Units at Grand Siritara Condo
$228,000
$179/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,273 Sqft Size
Floor 6 Floor
Unfurnished Mountain View
Available Units at Grand Siritara Condo
$228,000
$180/Sqft
Beds 2 Beds
Baths 2 Baths
Size 1,266 Sqft Size
Floor 7 Floor
Thai Quota Fully Furnished Unblocked Open View
Get notified when new homes are being added to Grand Siritara Condo
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Frequently Asked Questions

No pets are allowed at Grand Siritara Condo 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 $99 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 Grand Siritara Condo 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 Grand Siritara Condo and it is 4.4 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 Grand Siritara Condo 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

4.2 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Quiet and clean
Jaein Lee, South Korea, 7 years ago
Quiet and clean. Great environment. Including a swimming pool, fitness center, and free parking for residents. The unit has 2-bedrooms, spacious interior with a full set of standard furniture. There are a kitchen and a dining table for 4-people. Good location surrounded by many cafes. Not far from Chiang Mai airport as well.
Chiang Mai
Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Grand Siritara Condo

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
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Year Built
Completion Status
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
60
Sales Prices
$38.85K - $43.16K
▼ -21% underpriced
Monthly Rentals
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Year Built
Jan 2015
Completion Status
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Location
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Number of units
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Sales Prices
$70.5K - $109.34K
Monthly Rentals
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Year Built
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Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
$230.2K - $374.07K
▲ 2% overpriced
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Mae Hia, Mueang Chiang Mai, Chiang Mai
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Mae Hia, Mueang Chiang Mai, Chiang Mai
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Mae Hia, Mueang Chiang Mai, Chiang Mai
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Year Built
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Completed
Project Name
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Mae Hia, Mueang Chiang Mai, Chiang Mai
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Completion Status
Completed
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Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
$195.67K - $359.68K
▼ -25% underpriced
Monthly Rentals
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Year Built
Dec 2013
Completion Status
Completed
Location
Mae Hia, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
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Monthly Rentals
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Year Built
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Completion Status
Completed
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