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    Studio Condo for sale at Ping Plus Condo
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $47,000
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    Studio Condo for sale at Ping Plus Condo
     (Write Review)
    Unit ID: U1135182
    7% Rental Yield
    Suthep, Mueang Chiang Mai,Chiang Mai
    $47,000
    Studio Bedroom
    1
    Bathroom
    344 Sqft
    Size
    Jan 2021
    Completed
    8
    Sale Price
    $47,000

    About This Condo

    This property is a 344 Sqft studio condo with 1 bathroom that is available for sale. It is part of the project in Suthep, Chiang Mai and was completed in Jan 2021. You can buy this condo for a base price of $47,000 ($137/Sqft).

    Features

    BalconyBalcony TVTV

    Basic Information

    Date Listed Nov 1, 2022
    Updated 2 years ago
    Property Type Condo
    Floor N/A
    Bedroom Studio
    Size 344 Sqft
    Price per Sqft $137
    Pets N/A
    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%.

    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) City View
    Unit Type STU
    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.
    N/A
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U1135182

    Investment Opportunity: Charges & Yield

    Sale Price
    $47,000
    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 studio condos at Ping Plus Condo, and the current sales price.
    7%

    Project Details

    Project Name: Ping Plus Condo
    Developer: N/A
    Construction: Completed (Jan 2021)
    Floors: N/A
    Buildings: N/A
    Units: 79
    Project Area: N/A
    Nearest Landmark N/A
    Location: Suthep, Chiang Mai
    Ping Plus Condo Project Details

    Available Units at Ping Plus Condo

    For Sale 1 For Rent 1
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    Frequently Asked Questions

    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 Ping Plus Condo you have to follow these steps:

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

     


    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

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    Chiang Mai
    Suthep

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