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    3 Bedroom House for sale at M Place
    Saluang, Mae Rim,Chiang Mai
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    Sale Price
    $273,000 $317,000
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    3 Bedroom House for sale at M Place
    (1 Review)
    Unit ID: U59941
    5% Rental Yield
    Tenant-Occupied until Feb 28, 2025
    Saluang, Mae Rim,Chiang Mai
    $273,000 $317,000 Great Price
    3 Bedrooms
    3
    Bathrooms
    2,669 Sqft
    Indoor Area
    1
    Storeys
    Oct 2015
    Completed
    28
    Sale Price
    $273,000
    $317,000
    Great Price

    About This House

    This property is a 2,669 Sqft house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Saluang, Chiang Mai and was completed in Oct 2015. You can buy this house for a base price of $273,000 ($102/Sqft) and it is also available for long term rentals starting from $1,150 per month.

    Features

    Pool AccessPool Access Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking Outdoor ShowersOutdoor Showers Full Western KitchenFull Western Kitchen

    Basic Information

    Date Listed Jan 5, 2018
    Updated 5 months ago
    Property Type House
    Storeys 1
    Location Saluang, Chiang Mai
    Bedrooms 3
    Nearest Landmark Maerim Shooting Range -8 Km
    Indoor Area 2,669 Sqft
    Price per Sqft $102
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    N/A
    Plot Size 10,764 Sqft
    Pets Not Allowed
    House Ownership

    Foreign nationals can own the building (house) in their own name, but not the land that it stands on.

    Leasehold
    Land Ownership

    Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

    Company
    Land Title Deed N/A
    Construction Completed (Oct 2015)
    Furniture
    Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
    Partly Furnished
    View(s) Lake View, Mountain View, Park View, Pool View, Garden View
    Unit Type N/A
    Parking Spots 2
    Pool Size 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 U59941

    Investment Opportunity: Charges & Yield

    Sale Price
    $273,000
    Rent
    $1,150/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.
    20
    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.
    5%

    Project Details

    Project Name: M Place
    Developer: N/A
    Construction: Completed (Oct 2015)
    Units: 11
    Project Area: N/A
    Nearest Landmark Maerim Shooting Range - 8 Km
    Location: Saluang, Chiang Mai
    M Place Project Details

    Project Features

    Communal Pool Communal Pool
    Clubhouse Clubhouse

    Available Units at M Place

    For Sale 1 For Rent 1
    • All
    • 3 Beds
    Get notified when new homes are being added to M Place
    View All (1)

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    Frequently Asked Questions

    Maerim Shooting Range is the nearest Tourist Attraction from M Place and it is 8 km away.

    The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

    In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

     

    Read more here

    After you have found the right property at M Place you have to follow these steps:

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


    Read more here

    A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

    Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

    • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

    • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

    • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

    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
    Quiet, amazing location
    Verified Visitor, 4 years ago
    The view from the pool in this development has literally one of the best views in Thailand...sunsets over the mountains, with horses grazing in the adjacent field...amazing. Nice, quiet community...a lot of European retirees. Good sized, modern villas, looking out to a pond. A little far outside of town, but worth it to be this close to nature. Surrounded by rice paddies and mountains...Thailand doesn't get much prettier than this.
    Chiang Mai
    Saluang

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