Unit ID: U227367
5% Rental Yield
Chang Phueak, Mueang Chiang Mai,Chiang Mai
฿3,860,000 Great Price
Studio Bedroom
1
Bathroom
42 SqM
Size
2
Floor
Jul 2018
Completed

About This Condo

This property is a 42 SqM 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 ฿3,860,000 (฿91,905/SqM) and it is also available for long term rentals starting from ฿15,000 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 42 SqM
Price per SqM ฿91,905
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.
฿2,100/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U227367

Investment Opportunity: Charges & Yield

Sale Price
฿3,860,000
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.
฿2,100/mo
Rent
฿15,000/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.
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
Get notified when new homes are being added to The 8 Condominium
View All (2)

Loan Calculator

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

Location and Neighborhood

Street View

Projects Nearby The 8 Condominium

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
98
Sales Prices
฿3.87M - ฿3.99M
Monthly Rentals
N/A
Year Built
Oct 2017
Completion Status
Completed
Project Name
Prime Square
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
76
Sales Prices
฿1.8M - ฿2.39M
▼ -14% underpriced
Monthly Rentals
N/A
Year Built
Dec 2015
Completion Status
Completed
Project Name
Promt Condo
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
70
Sales Prices
฿2.45M - ฿2.75M
Monthly Rentals
N/A
Year Built
Dec 2014
Completion Status
Completed
Project Name
The Next Jedyod
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
78
Sales Prices
฿1.99M - ฿3.25M
▼ -6% underpriced
Monthly Rentals
N/A
Year Built
Nov 2020
Completion Status
Completed
Project Name
Moda Condo
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
59
Sales Prices
฿3.95M - ฿5.59M
▼ -24% underpriced
Monthly Rentals
฿12K - ฿40K
Year Built
Nov 2015
Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
60
Sales Prices
฿2.89M
Monthly Rentals
N/A
Year Built
Jun 2015
Completion Status
Completed
Project Name
Viengping Mansion
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
98
Sales Prices
฿1.3M - ฿25M
▼ -45.5% underpriced
Monthly Rentals
N/A
Year Built
Nov 2012
Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
587
Sales Prices
฿2.6M - ฿17.2M
▼ -14.6% underpriced
Monthly Rentals
฿13K - ฿30K
Year Built
May 2005
Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
151
Sales Prices
฿3M
Monthly Rentals
฿10K
Year Built
Jan 2015
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
70
Sales Prices
฿3.5M
▲ 28% overpriced
Monthly Rentals
฿13K - ฿18K
Year Built
Aug 2018
Completion Status
Completed
Back to top
  • Fazwaz Group Sites www.fazwaz.cn www.fazwaz.ru www.fazwaz.fr www.fazwaz.de www.fazwaz.es