Unit ID: U1961706
6% Rental Yield
Chang Khlan, Mueang Chiang Mai,Chiang Mai
฿5,300,000
1 Bedroom
1
Bathroom
62 SqM
Size
5
Floor
Dec 2006
Completed

About This Condo

This property is a 62 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Chang Khlan, Chiang Mai and was completed in Dec 2006. You can buy this condo for a base price of ฿5,300,000 (฿85,484/SqM).

Features

Pool AccessPool Access Garden AccessGarden Access Covered ParkingCovered Parking

Basic Information

Date Listed Nov 2, 2024
Updated 7 hours ago
Property Type Condo
Floor 5
Bedroom 1
Size 62 SqM
Price per SqM ฿85,484
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
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 N/A
Building Peaks Garden
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.
฿2,790/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1961706

Investment Opportunity: Charges & Yield

Sale Price
฿5,300,000
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.
฿2,790/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.
16
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 1 bedroom condos at Peaks Garden, and the current sales price.
6%

Project Details

Project Name: Peaks Garden
Construction: Completed (Dec 2006)
Floors: 8
Buildings: 1
Units: 77
Project Area: 2 SqM
Nearest Landmark Chiang Mai Night Bazaar - 0.7 Km
Location: Chang Khlan, Chiang Mai
Peaks Garden Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Steam Room Steam Room
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Peaks Garden

  • Communal Pool
    Rooftop
  • Communal Gym
    Ground Floor
  • Reception / Lobby Area
    Ground Floor

Available Units at Peaks Garden

For Sale 6 For Rent 5
Get notified when new homes are being added to Peaks Garden
View All (6)

Loan Calculator

Frequently Asked Questions

No pets are allowed at Peaks Garden 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 ฿45 per square meter based on the size of indoor area of the property and is ฿2,790 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.
Chiang Mai Night Bazaar is the nearest Market from Peaks Garden and it is 0.7 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 Peaks Garden 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
10%
1st Installment
Upon contract signing
40%
2nd Installment
On handover
50%

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

4.2 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Elegant room, beautiful furniture and swimming pool under big trees
Zandra Durham, Australia, 9 years ago
I had to travel away from home in Phuket to work in Chiang Mai, so I had to find a place to live alone, and I decided to rent a 1-bedroom condo here in which the room is not too spacious or too small, just right for one person like me. I like the location near all amenities, convenient to travel and go shopping for just a few minutes. However, there will be insufficient parking spaces, but I use the taxi service anyway. It is considered convenient, no need to grab the parking space with anyone. I love the swimming pool here; the atmosphere is pleasant and shady because it's under big trees, but I'm not sure what the tree they call it. Anyone who likes to swim but doesn't like the sun will be delighted. The surrounding condo is complete with many kinds of trees, just like in the forest; I love it here! Wherever you look, it is green and comfortable. Also, there is a daily rental service. It is suitable for anyone who travels to Chiang Mai to experience the cold wind during various festivals, and I recommend it so you won't be disappointed. The price is not high as well.
Chiang Mai
Chang Khlan

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Peaks Garden

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
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Year Built
Completion Status
Project Name
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Location
Chang Khlan, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿4.25M - ฿23M
▲ 7% overpriced
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Number of units
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฿4.2M - ฿22.9M
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Monthly Rentals
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Year Built
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Completion Status
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Project Name
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Location
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Number of units
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Location
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Number of units
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Project Name
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Number of units
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Year Built
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Chang Khlan, Mueang Chiang Mai, Chiang Mai
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Chang Khlan, Mueang Chiang Mai, Chiang Mai
Number of units
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฿3.37M - ฿29M
▲ 1% overpriced
Monthly Rentals
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Year Built
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Completion Status
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Location
Chang Khlan, Mueang Chiang Mai, Chiang Mai
Number of units
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฿2.65M - ฿26.7M
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Year Built
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Number of units
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Year Built
Sep 2024
Completion Status
Completed
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