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    5 Bedroom Villa for sale at Palm Springs Privato
    Ban Waen, Hang Dong,Chiang Mai
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    Sale Price
    ฿39,700,000
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    5 Bedroom Villa for sale at Palm Springs Privato
    (6 Reviews)
    Unit ID: U574108
    4% Rental Yield
    Ban Waen, Hang Dong,Chiang Mai
    ฿39,700,000
    5 Bedrooms
    6
    Bathrooms
    463.60 SqM
    Indoor Area
    2
    Storeys
    Dec 2020
    Completed
    6
    Sale Price
    ฿39,700,000

    About This Villa

    This property is a 463.60 SqM villa with 5 bedrooms and 6 bathrooms that is available for sale. It is part of the project in Ban Waen, Chiang Mai and was completed in Dec 2020. You can buy this villa for a base price of ฿39,700,000 (฿85,634/SqM).

    Features

    Private PoolPrivate Pool Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

    Basic Information

    Date Listed May 20, 2020
    Updated 4 years ago
    Property Type Villa
    Storeys 2
    Location Ban Waen, Chiang Mai
    Bedrooms 5
    Nearest Landmark Hang Dong District Municipal Food Market -2.5 Km
    Indoor Area 463.60 SqM
    Price per SqM ฿85,634
    Outdoor Area
    This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
    N/A
    Plot Size 606.80 SqM
    Pets All Kind of Pets Allowed
    Villa Ownership

    Foreign nationals can own the building (villa) in their own name, but not the land that it stands on.

    Thai Ownership, Company
    Land Ownership

    Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

    Thai Ownership, Company
    Land Title Deed N/A
    Construction Completed (Dec 2020)
    Furniture
    Specific items of furniture can be requested in the sale, or buyers can offer to purchase some or all of it. When negotiating a deal, either party can suggest that such items be included in the sale price.
    Negotiable
    View(s) Mountain View, Pool View, Garden View
    Unit Type Grander Plus
    Parking Spots 3
    Pool Size 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.
    ฿33,374/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U574108

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿39,700,000
    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.
    ฿33,374/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.
    28
    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 5 bedroom villas at Palm Springs Privato, and the current sales price.
    4%

    Project Details

    Project Name: Palm Springs Privato
    Developer: Palm Springs Place Co., Ltd.
    Construction: Completed (Dec 2020)
    Units: 39
    Project Area: N/A
    Nearest Landmark Hang Dong District Municipal Food Market - 2.5 Km
    Location: Ban Waen, Chiang Mai
    Palm Springs Privato Project Details

    Project Features

    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Communal Garden Area Communal Garden Area

    Available Units at Palm Springs Privato

    For Sale 10 For Rent 4
    • All
    • 4 Beds
    • 5 Beds
    Get notified when new homes are being added to Palm Springs Privato
    View All (10)

    Loan Calculator

    Payment Plan

    Installment Milestone Payment
    Reservation Deposit
    Immediately
    ฿200,000
    1st Installment
    Upon contract signing
    ฿300,000
    2nd Installment
    On handover
    98%

    Frequently Asked Questions

    All kind of pets are allowed at Palm Springs Privato including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
    The common area maintenance fee is ฿55 per square meter based on the plot size of the property and is ฿33,374 for this villa. 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.
    Hang Dong District Municipal Food Market is the nearest Market from Palm Springs Privato and it is 2.5 km away.

    The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

    In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

     

    Read more here

    After you have found the right property at Palm Springs Privato 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
    ฿200,000
    1st Installment
    Upon contract signing
    ฿300,000
    2nd Installment
    On handover
    98%


    Read more here

    A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

    Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

    • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

    • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

    • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

    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
    6 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Beautiful house design, high-grade materials, but not very private
    Henrik Lipman, Finland, 3 years ago
    The building design is well-designed in a modern style. The interior is quite luxurious. The house I live in is a 2-story detached house with a total of 4 bedrooms and 3 bathrooms. There are also 2 car parking spaces available, which is sufficient. Anyway, I am not very impressed with the exterior design. The back of the house is separated by a wall of trees, which is not very private. You have to wait for the trees to be bigger than this. There is a private swimming pool and a small garden to relax in. The project is located on the main road and 10 kilometers far from Chiang Mai Town.
    Interesting project
    Jane T., Thailand, 4 years ago
    I was looking for a house in Chiang Mai, and I found it here. I think it is an interesting project. The price is quite high compared to other projects in Chiang Mai, but I think it's worth it judging from its quality. There are three types of houses; four-bedroom and five-bedroom ones, so it is suitable for living as a family. The one we are interested in is a 4-bedroom type, which is enough for our family members. Moreover, every house has a private swimming pool, which is very special as the additional system helps us relax. Good job! The location here is not in the center of Chiang Mai. The good thing is that it's quiet and very private, but a slight disadvantage is that the commute may not be as comfortable as in the city, but it takes only 20 minutes to get there. For those who are making a decision must hurry because this project has only 39 houses!!
    Very good accomodation
    Wannapa C., Thailand, 4 years ago
    I am very impressed with this project from having visited the sales gallery. I love the design here, it's unique, and the atmosphere around the project is private, peaceful, and secure with strict security. It is also convenient in terms of travel because it is not far from tourist attractions or the convenient sources where we can travel to use the service. Moreover, there are many complete project facilities, which made life convenient. Palm Springs Privato is a quality project in Hang Dong. All in one place.
    Stylish house
    Mina Choi, South Korea, 4 years ago
    The location of the village is excellent, next to the main road and close to Kad Farang and Chiang Mai outlet mall. I really like the design of the house in the project. Super beautiful and modern, spacious interior area. Also, the house layout is functional and luxurious. The interior color's scheme is cream and white with marble materials. It comes with a small private pool behind the house. The project has a limited number of units at high prices. Our neighbors are lovely and make a great community. Unfortunately, the project's masterplan is a bit cramped, with not much space left for the common area.
    Beautiful house, quality suitable for the price
    Anuwat K., Thailand, 5 years ago
    The houses in this project are very beautiful, and the materials and structures are of quality, suitable for the price. The house we bought is a 2-story detached house with 4 bedrooms and 3 bathrooms. The house interior looks very elegant and luxurious. It is neatly decorated, making the house look airy, comfortable, and very pleasant to live in. However, the house area is a bit small, and I cannot decorate the garden as I want. The advantage here is that it is quiet and not chaotic. It is also not far from the city, and you can easily use the main route into the city, only 20 minutes.
    Beautiful house, quality suitable for the price
    Anuwat K., Thailand, 5 years ago
    The houses in this project are very beautiful, and the materials and structures are of quality, suitable for the price. The house we bought is a 2-story detached house with 4 bedrooms and 3 bathrooms. The house interior looks very elegant and luxurious. It is neatly decorated, making the house look airy, comfortable, and very pleasant to live in. However, the house area is a bit small, and I cannot decorate the garden as I want. The advantage here is that it is quiet and not chaotic. It is also not far from the city, and you can easily use the main route into the city, only 20 minutes.
    Chiang Mai
    Ban Waen

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