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    Studio Condo for sale at The 8 Condominium
    Chang Phueak, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    $112,000
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    Studio Condo for sale at The 8 Condominium
    (1 Review)
    Unit ID: U227367
    5% Rental Yield
    Chang Phueak, Mueang Chiang Mai,Chiang Mai
    $112,000 Great Price
    Studio Bedroom
    1
    Bathroom
    452 Sqft
    Size
    2
    Floor
    Jul 2018
    Completed
    11
    Sale Price
    $112,000
    Great Price

    About This Condo

    This property is a 452 Sqft studio condo with 1 bathroom that is available for sale. It is part of the project in Chang Phueak, Chiang Mai and was completed in Jul 2018. You can buy this condo for a base price of $112,000 ($247/Sqft) and it is also available for long term rentals starting from $434 per month.

    Live Your Dreams in Chang Phueak, Chiang Mai: Get a Studio Condo at The 8 Condo!

    The 8 Condominium – Live your dreams in Chang Phueak, Chiang Mai! Here is your chance to live where all of your dreams are within reach. This 42 SqM studio condo with 1 bathroom is the ultimate opportunity to begin a new life in the heart of Chiang Mai. Check out this grand chance you have to make all your dreams a reality and get your own, newly constructed condo for sale. Part of The 8 Condominium project, this charming property was completed in Jul 2018. Equipped with all the amenities that you need, this condo is ready to move in and enjoy. Base price is just ฿3,860,000 (฿91,905/SqM). For those who are up for a rental experience, the minimum rental is ฿15,000 per month. Get the most out of your life in the city and start living in the place of your dreams. Delicious cuisine, breathtaking views, and a rich culinary and nightlife culture await you in this coveted area. Don't miss on this tremendous offer and contact us to arrange a viewing. Make your dreams come true and take your life to a whole different level in The 8 Condominium.

    Features

    BalconyBalcony Washing MachineWashing Machine TVTV

    Basic Information

    Date Listed Nov 13, 2019
    Updated 1 year ago
    Property Type Condo
    Floor 2
    Bedroom Studio
    Size 452 Sqft
    Price per Sqft $247
    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%.

    Thai Quota
    Furniture
    Unfurnished
    View(s) City View, Pool View
    Unit Type 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.
    $61/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U227367

    Investment Opportunity: Charges & Yield

    Sale Price
    $112,000
    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.
    $61/mo
    Rent
    $434/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.
    21
    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: The 8 Condominium
    Developer: The 8 Estate
    Construction: Completed (Jul 2018)
    Floors: 4
    Buildings: N/A
    Units: 61
    Project Area: N/A
    Nearest Landmark Ched Yod Temple - 1.1 Km
    Location: Chang Phueak, Chiang Mai
    The 8 Condominium 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 The 8 Condominium

    For Sale 2 For Rent 1
    • All
    • Studio
    • 2 Beds
    Get notified when new homes are being added to The 8 Condominium
    View All (2)

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    Frequently Asked Questions

    No pets are allowed at The 8 Condominium 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 ฿50 per square meter based on the size of indoor area of the property and is ฿2,100 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 The 8 Condominium the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
    Ched Yod Temple is the nearest Temple from The 8 Condominium 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 The 8 Condominium 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

    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
    A 4-story condo is superb. The design is stylish and it’s close to the department store.
    Zina Raia, India, 4 years ago
    I bought this room from this project for a year now. I like that this condo has only four stories. The design of any design is stylish and suitable for the new generation like me. My room is a two-bedroom, two-bathroom unit. The size of the room is about 60 sq.m. For me, it is perfect as I stay alone. There are also many project facilities like the swimming pool, the fitness, and the reliable security system, giving you peace of mind. Plus, the location is great as it's close to department stores, shops, restaurants, and airports. I think it's super worthwhile. Oh, I forgot to mention that my room is beautifully decorated, all furniture and accessories are ready to move in. It is my favorite thing about buying a second-hand condo. You do not need a lot of decorations, which saves a lot of money. There is a slight disadvantage in that it is impossible to own pets as it might disturb the neighbors, so I stayed alone because I couldn't bring the cat with me.
    Chiang Mai
    Chang Phueak

    Neighborhood Overview

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