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    2 Bedroom Condo for sale at Punna Residence 1 @Nimman
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $432,000
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    2 Bedroom Condo for sale at Punna Residence 1 @Nimman

    (1 Review)
    Unit ID: U1657946
    4% Rental Yield
    Tenant-Occupied until Feb 28, 2025
    Suthep, Mueang Chiang Mai,Chiang Mai
    $432,000
    2 Bedrooms
    1
    Bathroom
    1,830 Sqft
    Size
    6
    Floor
    Nov 2009
    Completed
    12
    Sale Price
    $432,000

    About This Condo

    This property is a 1,830 Sqft condo with 2 bedrooms 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 $432,000 ($236/Sqft) and it is also available for long term rentals starting from $1,440 per month.

    Features

    TerraceTerrace BalconyBalcony Full Western KitchenFull Western Kitchen Washing MachineWashing Machine MicrowaveMicrowave OvenOven TVTV

    Basic Information

    Date Listed Sep 5, 2023
    Updated 1 week ago
    Property Type Condo
    Floor 6
    Bedrooms 2
    Size 1,830 Sqft
    Price per Sqft $236
    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) Mountain View, City View, Unblocked Open 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
    Each listing provided by partnered agents is individually verified by AsiaVillas. Partner Agents work for different brokerages or property management companies but have teamed up with AsiaVillas so that we can provide you a wider choice of properties
    Agent / Partner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1657946

    Investment Opportunity: Charges & Yield

    Sale Price
    $432,000
    Rent
    $1,440/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.
    25
    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: Punna Residence 1 @Nimman
    Developer: Punna Development
    Construction: Completed (Nov 2009)
    Floors: 8
    Buildings: N/A
    Units: 79
    Project Area: N/A
    Nearest Landmark Maya Lifestyle Shopping Center - 0.7 Km
    Location: Suthep, Chiang Mai
    Punna Residence 1 @Nimman 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
    Sauna Sauna

    Available Units at Punna Residence 1 @Nimman

    For Sale 4 For Rent 1
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Punna Residence 1 @Nimman
    View All (4)

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    Frequently Asked Questions

    No pets are allowed at Punna Residence 1 @Nimman unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Maya Lifestyle Shopping Center is the nearest Shopping Mall from Punna Residence 1 @Nimman and it is 0.7 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 1 @Nimman 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
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Favourite condo in Nimman
    Michael Davis, 5 years ago
    I currently live here and it’s the best. Not as modern as some, but very well maintained and excellent quality still showing 10 years after the building was developed. There are happy and friendly residents everywhere, the pool is not crowded but a good environment to say hello to your neighbours.
    Chiang Mai
    Suthep

    Neighborhood Overview

    Location and Neighborhood

    Street View

    Projects Nearby Punna Residence 1 @Nimman

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    Project Name
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    Punna Residence 2 at Nimman
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    Number of units
    79
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    The Unique at Nimman
    Location
    Suthep, Mueang Chiang Mai, Chiang Mai
    Number of units
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    Sales Prices
    $99.27K - $195.22K
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    Monthly Rentals
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    Year Built
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    Location
    Suthep, Mueang Chiang Mai, Chiang Mai
    Number of units
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    Sales Prices
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    Monthly Rentals
    N/A
    Year Built
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    Completion Status
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    Project Name
    The Unique at Nimman 2
    Location
    Suthep, Mueang Chiang Mai, Chiang Mai
    Number of units
    72
    Sales Prices
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    ▼ -31.5% underpriced
    Monthly Rentals
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    Year Built
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    Completion Status
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    Project Name
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    Monthly Rentals
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    Completion Status
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    Location
    Suthep, Mueang Chiang Mai, Chiang Mai
    Number of units
    68
    Sales Prices
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    Monthly Rentals
    N/A
    Year Built
    Sep 2014
    Completion Status
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    Project Name
    103 Condominium 2
    Location
    Suthep, Mueang Chiang Mai, Chiang Mai
    Number of units
    120
    Sales Prices
    $45.75K - $77.4K
    Monthly Rentals
    $129
    Year Built
    Dec 1987
    Completion Status
    Completed
    Projects Nearby Punna Residence 1 @Nimman
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