Unit ID: U1168702
4% Rental Yield
Ton Pao, San Kamphaeng,Chiang Mai
$524,000
4 Bedrooms
4
Bathrooms
2,067 Sqft
Indoor Area
2
Storeys
Jun 2021
Completed

About This House

This property is a 2,067 Sqft house with 4 bedrooms and 4 bathrooms that is available for sale. It is part of the project in Ton Pao, Chiang Mai and was completed in Jun 2021. You can buy this house for a base price of $524,000 ($254/Sqft).

The Prego Project by Sivalai in Ton Pao, Chiang Mai. This property has design in simple luxury, elegance, and modern 4 bedroom 4 bathrooms. Convenient to voyage has only 12 minutes from Chiang Mai International Airport, Promenada Chiang Mai shopping mall and close to many tourist attractions such as San Kamphaeng Hot Spring, Umbrella Making Centre and MAIIAM Contemporary Art Museumm.

Features

TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Date Listed Nov 7, 2022
Updated 2 years ago
Property Type House (Single Detached)
Storeys 2
Location Ton Pao, Chiang Mai
Bedrooms 4
Nearest Landmark Charoen Charoen fresh market -2.3 Km
Indoor Area 2,067 Sqft
Price per Sqft $254
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
1,163 Sqft
Plot Size 3,229 Sqft
Pets All Kind of Pets Allowed
House Ownership

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

Thai Ownership
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
Land Title Deed Chanote
Construction Completed (Jun 2021)
Furniture
Unfurnished
View(s) City 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.
$105/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1168702

Investment Opportunity: Charges & Yield

Sale Price
$524,000
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.
$105/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.
23
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 4 bedroom houses at The Prego green, and the current sales price.
4%

Project Details

Project Name: The Prego green
Construction: Completed (Jun 2021)
Units: 300
Project Area: 2,273,338 Sqft
Nearest Landmark Charoen Charoen fresh market - 2.3 Km
Location: Ton Pao, Chiang Mai
The Prego green Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Communal Garden Area Communal Garden Area

Popular Facilities at The Prego green

  • Communal Garden Area
    1st Floor
  • Communal Pool
    1st Floor
  • Communal Gym
    1st Floor

Available Units at The Prego green

For Sale 11 For Rent 4
Get notified when new homes are being added to The Prego green
View All (11)

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Frequently Asked Questions

All kind of pets are allowed at The Prego green including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is $0 per square meter based on the plot size of the property and is $105 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.
Charoen Charoen fresh market is the nearest Market from The Prego green and it is 2.3 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 The Prego green you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
Gold Type Ready to Move
Installment Milestone Payment
Reservation Deposit
Immediately
$291
1st Installment
Upon contract signing
$1,460
2nd Installment
On handover
100%
Diamond & Platinum Type Ready to Move
Installment Milestone Payment
Reservation Deposit
Immediately
$583
1st Installment
Upon contract signing
$2,910
2nd Installment
On handover
100%
Made to order
Installment Milestone Payment
Reservation Deposit
Immediately
$874
1st Installment
Upon contract signing
$5,830
2nd Installment
Down payment
20%
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

5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Beautiful house, very shady atmosphere
Andy Zhao, China, 3 years ago
It is a new house project, providing a shady atmosphere due to the abundance of trees. There is also a large common area with a park, a playground, a swimming pool, and a fitness room. Overall, it is peaceful, and there is a safe security system. For visitors, access and exit cards must be exchanged regularly. My house's decoration and design are standard. It is well-designed, there are four bedrooms that are a pretty good size. And the location is excellent since it has a small community mall with shops and restaurants in front of the project. Also, getting to the nearby places is in just a few minutes, excellent value!
Chiang Mai
Ton Pao

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Prego green

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
363
Sales Prices
$96.55K - $364.97K
Monthly Rentals
N/A
Year Built
Jul 2023
Completion Status
Completed
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
121
Sales Prices
$106.95K - $137.31K
Monthly Rentals
$1.01K
Year Built
Feb 2022
Completion Status
Completed
Project Name
Karnkanok 1
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
156
Sales Prices
$106.67K - $132.68K
Monthly Rentals
$954
Year Built
Dec 2014
Completion Status
Completed
Project Name
Serene Park
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
205
Sales Prices
$60.7K - $124.01K
Monthly Rentals
$318 - $434
Year Built
Feb 2022
Completion Status
Completed
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
145
Sales Prices
$59.84K - $85.27K
Monthly Rentals
$275 - $1.45K
Year Built
N/A
Completion Status
Off Plan
Project Name
Karnkanok Ville 4
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
287
Sales Prices
$95.1K
Monthly Rentals
$489 - $578
Year Built
Jan 2012
Completion Status
Completed
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
1028
Sales Prices
$34.69K
▼ -43% underpriced
Monthly Rentals
$723
Year Built
Jan 2002
Completion Status
Completed
Project Name
Sivalai Village 3
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
300
Sales Prices
$76.6K - $164.77K
▼ -18% underpriced
Monthly Rentals
$289 - $723
Year Built
Jun 2009
Completion Status
Completed
Project Name
Inizio Chiangmai
Location
San Kamphaeng, San Kamphaeng, Chiang Mai
Number of units
336
Sales Prices
$245.71K
▲ 16% overpriced
Monthly Rentals
$838 - $1.3K
Year Built
Feb 2015
Completion Status
Completed
Location
Ton Pao, San Kamphaeng, Chiang Mai
Number of units
N/A
Sales Prices
$121.41K
Monthly Rentals
$463 - $723
Year Built
Jul 2023
Completion Status
Completed
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