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The company was founded by acquirring a small housing project and renamed as “Ornsirin 1” with a starting capital of 10 million Baht. With in only one year, the company was able to close the first housing project sale. - 2006
2007 – 2009 During these years, Thailand’s property boom has benefited our company’s sales revenue. The sales was gradually increased and the company developed another project; Ornsirin 2.
2010 – 2011 The Company expanded exponentially; 5 projects (namely Ornsirin 3, Ornsirin 4, Ornsirin 5, Ornsirin Townhome 1 and The Next Condominium 2) where our first townhouse project and condominium project were launched during these years. The company’s sales revenue started to grow steadily.
2012 The company increased the registered capital to 500 million baht, preparing for expansion of new property development projects. The total capital of the conpany and subsidiaries were at 700 million baht, where 6 new projects (Ornsirin 6, Business Center 1, Business Center 2, The Next Condominium 1 and The Next Condominium 3) were launched during this year.
2013 – 2014 Ornsirin saw big potential in luxury property market, The ASTRA Condominium (one of the biggest residential condominiums with over 60,000 sqm. of construction area in Chiangmai) was launched. Four low-rise projects were also launched; namely Business Center 4, Business Center 5, Ornsirin 11 and Ornsirin 14, which eventually pushed the toal project value to 8,600 million baht.
2015 During this year, Ornsirin has gone through series of improvements which including restructuring the management of the organization, recruiting real-estate professionals, introducing the Quality Management System (ISO 9001) into the company working system and preparing for listing in Thailand Stock Market in the future. The company mission and vision of being a leading proprty developer in Northern Thailand focusing on building a better living for home buyers and all stakeholders under a good governance were enrooted into our employee’s minds. Parenting company, Ornsirin Holding, was established for enhancing the structure for the company future expansion. Four other subsidiaries were also founded, including of North Home company (focus on high-rise condominium project), North Home property company (focus on low-rise condominium project), Ornsirin Group company (focus on commercial property) and Ornsirin Property company (focus on housing property).
2016 New commercial building of shophouse was launched. Urban Myx was our 19th project on the pipeline.
2017 On Febuary 2017, Five subsidiaries were amalgamated into “Ornsirin Property company”, which operated under “Ornsirin Holding company” in order to preparing to be listed in Thailand stock market later on.
2018 Under our vision of to be a leading property developer in Northern Thailand, Ornsirin is prepared to launch 3 more projects which are a single house project, a modern style townhouse project and resort-style condominium project.
The common area maintenance fee is ฿55 per square meter based on the size of the indoor area of the property. This fee has to be paid every month 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 Astra Condo the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Warorot Market is the closest Market from The Astra Condo and it is 3.08 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.
After you have found the right property you have to follow these steps:
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.
The Astra Condo is conveniently located just 150 m from 7-Eleven, which can be reached within 2 mins. by foot.
There are many other shops situated in the area of The Astra Condo, the 3 closest being:
- U Thai restaurant U Thai real & estate is 150 m away (about 2 mins. by foot)
- Classic Journey is 320 m away (about 4 mins. by foot)
- K Market is 410 m away (about 5 mins. by foot)
The surrounding area, where The Astra Condo is situated, offers a wide variety of restaurants. See the closest of them below:
- 99 Tea Shake is 190 m away (a walk of about 2 mins.)
- Chiang Mai Sichuan Golden Hot Pot is 170 m away (a walk of about 2 mins.)
- Yaowarat Rad Na is 90 m away (a walk of about 1 min.)
Zada clinic is the nearest health facility, which is 130 m away (you can walk there in 2 mins.) from the project, while the closest schools in the proximity of The Astra Condo are:
- Wachirawit School is 140 m away (about 2 mins. by foot)
- Kid Dee teaches Korean clay art and activities for kids, Art for Kids is 340 m away (about 4 mins. by foot)
- Nakornping Aphibankit Thai cooking easy School is 320 m away (about 4 mins. by foot)
Chiang Mai International Airport is located 8.4 km from The Astra Condo and it takes about 18 mins. by car or taxi (depending on the traffic) to get there.