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    1 Bedroom Condo for sale at Play Condominium
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    ฿5,000,000
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    1 Bedroom Condo for sale at Play Condominium
    (1 Review)
    Unit ID: U165297
    5% Rental Yield
    Tenant-Occupied until Sep 1, 2025
    Suthep, Mueang Chiang Mai,Chiang Mai
    ฿5,000,000
    1 Bedroom
    1
    Bathroom
    44.36 SqM
    Size
    5
    Floor
    Apr 2016
    Completed
    11
    Sale Price
    ฿5,000,000

    About This Condo

    This property is a 44.36 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Suthep, Chiang Mai and was completed in Apr 2016. You can buy this condo for a base price of ฿5,000,000 (฿112,714/SqM) and it is also available for long term rentals starting from ฿22,000 per month.

    A Haven of Luxury in Chiang Mai: Take Hold of The Play Condominium

    A serene sanctuary awaits those in search of a luxurious abode in the picturesque city of Chiang Mai – welcome to the Play Condominium. This grand condominium unit offers an expansive 44.36 square meters of blissful living quarters. The interior is tastefully customized with one bedroom and one full bathroom, emanating a soothing ambiance that entices one to remain ensconced in its sanctuary. Atop, the building was completed in April 2016, giving buyers the assurance of quality construction and post-move in maintenance. The Play Condominium is situated in the captivating district of Suthep. As one meanders around their new residence, they will be engrossed in a myriad of colors; the vibrant, green foliage coupled with the bustling city life. This botanical charm coupled with the sight of old traditions melding into the architecture bubbling with modernity creates a captivating vista that is difficult to leave the comfort of your residence to witness. This glorious abode is available for purchase at the base price of 5,000,000 Thai Bahts (112,714/SqM). Moreover, for those who seek to stay only for a short period of time, this residence can be rented out for 22,000 Thai Bahts per month. Possessors of this heavenly dwelling can enjoy a bountiful list of privileges, including 24-hour security, a designated car park, CCTV, access to a fully-quipped gym that is situated on the 8th floor and a rooftop swimming pool enjoying direct sunlight that ensures warmth throughout the year. To boot, there is a reception area and a community lounge to kick back and relax or, if feeling sociable, a meeting spot for friends old and new. Take hold of this rare feat of opulence and make this sumptuous sanctuary in the picturesque, city of Chiang Mai your new address. To enquire further,

    Features

    BalconyBalcony

    Basic Information

    Date Listed Apr 5, 2022
    Updated 2 months ago
    Property Type Condo
    Floor 5
    Bedroom 1
    Size 44.36 SqM
    Price per SqM ฿112,714
    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, Blocked 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.
    ฿1,996/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U165297

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿5,000,000
    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.
    ฿1,996/mo
    Rent
    ฿22,000/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.
    19
    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: Play Condominium
    Developer: N/A
    Construction: Completed (Apr 2016)
    Floors: 6
    Buildings: N/A
    Units: 65
    Project Area: N/A
    Nearest Landmark Maya Lifestyle Shopping Center - 0.4 Km
    Location: Suthep, Chiang Mai
    Play Condominium Project Details

    Project Features

    Hotel Managed Hotel Managed
    Communal Pool Communal Pool
    Jacuzzi Jacuzzi
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Sauna Sauna
    Reception / Lobby Area Reception / Lobby Area

    Available Units at Play Condominium

    For Sale 11 For Rent 3
    • All
    • Studio
    • 1 Bed
    Get notified when new homes are being added to Play Condominium
    View All (11)

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    Frequently Asked Questions

    No pets are allowed at Play 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 ฿45 per square meter based on the size of indoor area of the property and is ฿1,996 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 Play Condominium the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
    Maya Lifestyle Shopping Center is the nearest Shopping Mall from Play Condominium and it is 0.4 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 Play 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

    5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Perfect condo!
    Max Corral, Mexico, 5 years ago
    I don't think I can explain how perfect the condo is in one hour because it's equipped with everything you need. The location is in the Nimmanhaemin area, convenient for living. On the opposite side, there is a night market such as Kad Rin Kham Market, Maya shopping mall, and many cute coffee shops. The project has a rooftop swimming pool that might look a bit small but has a good atmosphere. There are comfortable beds and a small bar as well. The bedroom I rented has a large one bedroom that is just perfect for two people. It's modernly decorated. The bed is super soft and comfortable. The furniture is brand new. The view from the room is a beautiful mountain view. Oh, I forgot to tell you that there is a maid service available for 400 baht a day.
    Chiang Mai
    Suthep

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