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    2 Bedroom Condo for sale at The One Chiang Mai
    San Sai Noi, San Sai,Chiang Mai
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    Sale Price
    $136,000
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    2 Bedroom Condo for sale at The One Chiang Mai
    (5 Reviews)
    Unit ID: U1906981
    7% Rental Yield
    San Sai Noi, San Sai,Chiang Mai
    $136,000
    2 Bedrooms
    2
    Bathrooms
    553 Sqft
    Size
    6
    Floor
    Dec 2022
    Completed
    11
    Sale Price
    $136,000

    About This Condo

    This property is a 553 Sqft condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in San Sai Noi, Chiang Mai and was completed in Dec 2022. You can buy this condo for a base price of $136,000 ($246/Sqft).

    Features

    Pool AccessPool Access Garden AccessGarden Access Covered ParkingCovered Parking BalconyBalcony

    Basic Information

    Date Listed Aug 3, 2024
    Updated 3 months ago
    Property Type Condo
    Floor 6
    Bedrooms 2
    Size 553 Sqft
    Price per Sqft $246
    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, 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 Building 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.
    $68/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1906981

    Investment Opportunity: Charges & Yield

    Sale Price
    $136,000
    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.
    $68/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.
    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 2 bedroom condos at The One Chiang Mai, and the current sales price.
    7%

    Project Details

    Project Name: The One Chiang Mai
    Developer: Maya Chiangmai Co., Ltd.
    Construction: Completed (Dec 2022)
    Floors: 8
    Buildings: 5
    Units: 760
    Project Area: 551,112 Sqft
    Nearest Landmark Central Chiangmai - 0.5 Km
    Location: San Sai Noi, Chiang Mai
    The One Chiang Mai Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    Clubhouse Clubhouse
    24H Security 24H Security
    Indoor Kids Zone Indoor Kids Zone
    Outdoor Kids Zone Outdoor Kids Zone

    Popular Facilities at The One Chiang Mai

    • All
    • Fitness
    • Leisure
    3
    • Communal Pool
      1st Floor
    • Communal Gym
      1st Floor
    • Communal Garden Area
      1st Floor
    • Bar
      2nd Floor

    Available Units at The One Chiang Mai

    For Sale 10 For Rent 10
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to The One Chiang Mai
    View All (10)

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    Frequently Asked Questions

    Small dogs (weight under 15 kg), cats and small pets like rabbits, hamsters and guinea pigs are allowed at The One Chiang Mai.
    The common area maintenance fee is $1 per square meter based on the size of indoor area of the property and is $68 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 One Chiang Mai the required payment for the sinking fund is $15 per square meter based on the size of the indoor area of the property.
    Central Chiangmai is the nearest Shopping Mall from The One Chiang Mai and it is 0.5 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 One Chiang Mai you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer

     


    Building C
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $1,460
    1st Installment
    Upon contract signing
    30%
    Down Payment
    4 months
    40%
    3rd Installment
    On handover
    30%
    Building C
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $2,930
    1st Installment
    Upon contract signing
    30%
    Down Payment
    4 months
    40%
    3rd Installment
    On handover
    30%

    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

    4.5 out of 5
    Based on
    5 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    amazing new project
    Verified Current Resident, 10 months ago
    I own a condo here and so happy I bought it. Facilities are top notch, pool is wonderful and gym is open now. It's a 5 minutes walk to Central Festival. Finishes inside the condo are good. I am a happy owner
    Checks all of our requirements
    Dan Maurice, Current Resident, 1 year ago
    Very well built. Staff are responsive. Very good location. Quiet area within walking distance to Central Festival. Just a Grab ride away from old city and food deliveries. Great amenities. Awesome pools 😎
    Looking for more opinions!
    Verified Visitor, 1 year ago
    Contemplating buying a condo here. Visited the sales centre, and it's nearly completed, closing probably in 2Q 2023. Looking forward to seeing more reviews from buyers. Location seems excellent and facilities top-notch. Showroom apartments give the impression that finishings are good, albeit perhaps a notch below western standards.
    Resort style condo next to Central Festival
    Matthias Kraft, Visitor, 2 years ago
    I have visited twice this condo and the construction is 6-9 month from finished so we can already have a good idea of the final result, and I must say that it looks very much like on the pictures or the model that you can see on the sales area. I think the high price tag is justified by the build quality and services on site. We used to book hotels while in the city since we have a house up north in the coutryside where we spend much of our time, and this will perfectly replace any 5 star hotel around Chiang Mai, and hey, it is 5 minutes walk away from Central Festival which we consider extremely convenient, and also super highway is just there so you can reach any part of the city in a very short time. All in all we are very excited to have booked a 2 room condo on the 7th floor and are very much looking forward to be able to stay there while in the city.
    A new condominium in the suburbs, close to the Central Festival
    Lilly Chan, China, 3 years ago
    This project is nearly completed. I went to explore the route and saw the real one. I think that it is different from the advertisement pictures. But the luxury and design are wonderful. The decorations look luxurious, and the project comprises numerous rooms. The common area is also large, including a large communal pool and a seating area around the pool. The project decoration represents a resort-style that is very shady and pleasant. The room I reserved is a 1 bedroom which I think is enough for 2 people. It is fully furnished. As for the journey, I think it is quite far from the amenities. You need a private car to be more convenient. Anyway, if going to the Central Festival is considered extremely convenient. It only takes about 5 minutes to walk !!
    Chiang Mai
    San Sai Noi

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