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The common area maintenance fee is ฿50 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 Glory Boutique Suites the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Glory Boutique Suites offers a guaranteed rental return of 6% (based on the purchase price of the property) for a duration of 5 Years.
Read more here.
Chiang Mai Bus Terminal 1 is the closest Bus Terminal from Glory Boutique Suites and it is 0.06 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.
Glory Boutique Suites is conveniently located just 720 m from Tesco Lotus Express, which can be reached within 9 mins. by foot.
There are many other shops situated in the area of Glory Boutique Suites, the 3 closest being:
- Chiang Mai milk powder is 570 m away (about 7 mins. by foot)
- Pim's Store Pim's Store is 590 m away (about 7 mins. by foot)
- 7-Eleven is 680 m away (about 8 mins. by foot)
The surrounding area, where Glory Boutique Suites is situated, offers a wide variety of restaurants. See the closest of them below:
- Baan Landai is 120 m away (a walk of about 1 min.)
- Da Ming Ocha is 160 m away (a walk of about 2 mins.)
- Boiled rice, fragrant, cheap and good is 180 m away (a walk of about 2 mins.)
EAR NOSE THROAT CLINIC is the nearest health facility, which is 340 m away (you can walk there in 4 mins.) from the project, while the closest schools in the proximity of Glory Boutique Suites are:
- West Carp is 140 m away (about 2 mins. by foot)
- Witthayalai Thai Thai Wichit Sinlapa Chiang Mai College is 380 m away (about 5 mins. by foot)
- Kowittamrong Chiangmai School is 410 m away (about 5 mins. by foot)
Chiang Mai International Airport is located 5.8 km from Glory Boutique Suites and it takes about 13 mins. by car or taxi (depending on the traffic) to get there.