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    3 Bedroom House for sale at Malada Maerim
    Mae Sa, Mae Rim,Chiang Mai
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    Sale Price
    $123,000
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    3 Bedroom House for sale at Malada Maerim
    (2 Reviews)
    Unit ID: U221561
    8% Rental Yield
    Mae Sa, Mae Rim,Chiang Mai
    $123,000
    3 Bedrooms
    3
    Bathrooms
    1,625 Sqft
    Indoor Area
    2
    Storeys
    Dec 2019
    Completed
    5
    Sale Price
    $123,000

    About This House

    This property is a 1,625 Sqft house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Mae Sa, Chiang Mai and was completed in Dec 2019. You can buy this house for a base price of $123,000 ($76/Sqft).

    Features

    TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

    Basic Information

    Date Listed Oct 30, 2019
    Updated 1 month ago
    Property Type House
    Storeys 2
    Location Mae Sa, Chiang Mai
    Bedrooms 3
    Nearest Landmark Tiger Kingdom -3.8 Km
    Indoor Area 1,625 Sqft
    Price per Sqft $76
    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 1,365 Sqft
    Pets N/A
    House Ownership

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

    Foreign Ownership, Thai Ownership, Company
    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.

    Thai Ownership, Company, Leasehold
    Land Title Deed N/A
    Construction Completed (Dec 2019)
    Furniture
    Unfurnished
    View(s) Garden View
    Unit Type Smile
    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.
    $133/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U221561

    Investment Opportunity: Charges & Yield

    Sale Price
    $123,000
    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.
    $133/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.
    12
    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 3 bedroom houses at Malada Maerim, and the current sales price.
    8%

    Project Details

    Project Name: Malada Maerim
    Developer: Malada
    Construction: Completed (Dec 2019)
    Units: 81
    Project Area: N/A
    Nearest Landmark Tiger Kingdom - 3.8 Km
    Location: Mae Sa, Chiang Mai
    Malada Maerim 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

    Available Units at Malada Maerim

    For Sale 2 For Rent 2
    • All
    • 3 Beds
    • 4 Beds
    Get notified when new homes are being added to Malada Maerim
    View All (2)

    Loan Calculator

    Payment Plan

    Payment Plan
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $146
    1st Installment
    Upon contract signing
    10%
    2nd Installment
    Upon reservation agreement signing
    10%
    3rd Installment
    On handover
    80%

    Frequently Asked Questions

    The common area maintenance fee is $1 per square meter based on the total built-up area of the property and is $133 for this house. 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.
    Tiger Kingdom is the nearest Tourist Attraction from Malada Maerim and it is 3.8 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 Malada Maerim you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer
    Payment Plan
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $146
    1st Installment
    Upon contract signing
    10%
    2nd Installment
    Upon reservation agreement signing
    10%
    3rd Installment
    On handover
    80%


    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

    4.1 out of 5
    Based on
    2 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    A Beautiful and new house project with an excellent quality
    Anuwat K., Thailand, 4 years ago
    The project has just been completed shortly. The interior uses high-grade materials with a spacious room, but it is unfurnished. The parking lot is available for 2 cars, and there is a small garden in the backyard. The villa is beautiful and fantastic, designed in a minimalist style, which looks nice and warm. The security system is also excellent because CCTVs are installed around the project. It also has a clubhouse, swimming pools, and parks.
    Beautiful location, good atmosphere
    Charisa K., Thailand, 5 years ago
    Hello, I bought a house at Malada Mae Rim for a vacation home. My impression of this project will be the location because it is in a good area, and the environment is good amid nature in Mae Sa's vicinity. It made me feel like I had a good rest. My house's interior is well-decorated in beautiful warm colors, elegant, beautiful, and excellent. You can see that the project pays attention to details and knows what the residents want as the project has been designed to make every area in the house practical. Besides, the journey is very convenient and easy to get around, a few minutes away from Chiang Mai city, very convenient. Malada Mae Rim is one of the ideal projects in Chiang Mai. I'm not disappointed in buying a house here.
    Chiang Mai
    Mae Sa

    Neighborhood Overview

    Location and Neighborhood

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