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    Studio Condo for sale at Glory Boutique Suites
    Si Phum, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $91,000
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    Studio Condo for sale at Glory Boutique Suites
    (2 Reviews)
    Unit ID: U160173
    6% GUAR. RETURN FOR 5 YEARS
    Si Phum, Mueang Chiang Mai,Chiang Mai
    $91,000
    Studio Bedroom
    1
    Bathroom
    334 Sqft
    Size
    2
    Floor
    Apr 2020
    Completed
    7
    Sale Price
    $91,000

    About This Condo

    This property is a 334 Sqft studio condo with 1 bathroom that is available for sale. It is part of the project in Si Phum, Chiang Mai and was completed in Apr 2020. You can buy this condo for a base price of $91,000 ($273/Sqft).

    Features

    Pool AccessPool Access Garden AccessGarden Access

    Basic Information

    Date Listed Oct 9, 2019
    Updated 4 years ago
    Property Type Condo
    Floor 2
    Bedroom Studio
    Size 334 Sqft
    Price per Sqft $273
    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
    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
    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.
    $45/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U160173

    Investment Opportunity: Charges & Yield

    Sale Price
    $91,000
    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.
    $45/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.
    17
    Guaranteed Rental Return
    6%
    Guarantee Duration
    5 Years

    Project Details

    Project Name: Glory Boutique Suites
    Developer: Cn Sure Co.,Ltd
    Construction: Completed (Apr 2020)
    Floors: 5
    Buildings: 1
    Units: 44
    Project Area: 10,269 Sqft
    Nearest Landmark Chiang Mai City Arts & Cultural Center - 1.1 Km
    Location: Si Phum, Chiang Mai
    Glory Boutique Suites Project Details

    Project Features

    Hotel Managed Hotel Managed
    On Site Restaurant On Site Restaurant
    Communal Pool Communal Pool
    Bar Bar
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Reception / Lobby Area Reception / Lobby Area
    Laundry Facilities / Dry Cleaning Laundry Facilities / Dry Cleaning
    Back Up Generators Back Up Generators
    Key card access Key card access

    Popular Facilities at Glory Boutique Suites

    • All
    • Leisure
    • Convenience
    3
    • Reception / Lobby Area
      Ground Floor
    • On Site Restaurant
      Rooftop
    • Communal Pool
      Rooftop

    Available Units at Glory Boutique Suites

    • All
    • Studio
    Get notified when new homes are being added to Glory Boutique Suites
    View All (1)

    Loan Calculator

    Frequently Asked Questions

    No pets are allowed at Glory Boutique Suites unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    The common area maintenance fee is $1 per square meter based on the size of indoor area of the property and is $45 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 Glory Boutique Suites the required payment for the sinking fund is $15 per square meter based on the size of the indoor area of the property.
    Glory Boutique Suites offers a guaranteed rental return of 6% (based on the purchase price of the property) for a duration of 5 Years.
    Read more here.
    Chiang Mai City Arts & Cultural Center is the nearest Tourist Attraction from Glory Boutique Suites and it is 1.1 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 Glory Boutique Suites you have to follow these steps:

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

     


    Installment Milestone Payment
    Reservation Deposit
    Immediately
    $292
    1st Installment
    Upon contract signing
    $1,460
    2nd Installment
    On handover
    100%

    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

    4.8 out of 5
    Based on
    2 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    The ideal place to unwind
    Tien T., China, 3 years ago
    The atmosphere here is ideal for unwinding. Although this place is quite far from Chiang Mai city a bit, it's well worth it for people who love luxurious clean, beautiful places. Each unit has a modern interior design, high-speed Wifi, and a bathtub. The service was excellent. There is housekeeping cleaning the room every day. Inside the project, there is also a rooftop restaurant that offers a stunning view. You can grab a taxi to many attractions in Chiang Mai from here, and it takes less than 10 minutes to reach the airport.
    Awesome place, very beautiful
    Wooyoung Bae, South Korea, 4 years ago
    Awesome place in a colonial-style. Good service staff, with a very professional manner. I'm very impressed! A soft bed gives me a very comfortable sleep. Plus, the marble decoration makes the room look modern. Fast Wi-Fi. Ideal location near Chang Phuak Gate and Chang Phuak market - finding food won't be difficult!
    Chiang Mai
    Si Phum

    Neighborhood Overview

    Location and Neighborhood

    Street View

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