1 Bedroom Condo for sale at Palm Springs Nimman Royal

(2 Reviews)
Suthep, Mueang Chiang Mai,Chiang Mai
Unit ID: U84725
1 Bedroom
1 Bathroom
32.27 SqM Size
3 Floor
Dec 2017 Completed

About This Condo

This property is a 32.27 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Palm Springs Nimman Royal project in Suthep, Chiang Mai and was completed in Dec 2017. You can buy this condo for a base price of ฿3,350,000 (฿103,812/SqM).

Relax and Enjoy Life at This Luxurious Palm Springs Condo

Welcome to this luxurious condo that is perfect for someone looking to enjoy life to the fullest! Located in the Palm Springs Nimman Royal project in Suthep, Chiang Mai, this 32.27 SqM condo offers 1 bedroom and 1 bathroom - ready for you to call your own. Built in Dec 2017 and available for sale, this condo is sure to impress with its great base price of ฿3,350,000 (฿103,812/SqM).This condo offers a charming place to enjoy city life and will make an ideal home for those ready to take the plunge. Imagine gathering with friends in the open-plan living area for some delicious dishes prepared in the modern fitted kitchen - it's a perfect blend of comfort and modernity.For those who value convenience, the property is in a great location. With a stunning view of the Suthep mountain, a few steps away from shopping centers and nearby attractions, you can live stress-free and enjoy life to its fullest. This property is also a great investment opportunity, offering excellent value for money in such a sought-after area. Not to mention, with the help of the on-site facilities like the swimming pool and gymnasium, you get to lead the relaxing lifestyle you've always dreamt of.Don't miss this incredible opportunity of owning a modern and comfortable condo. Enquire now and make an offer on this stunning property!

Features

BalconyBalcony

Basic Information

Date Listed Sep 5, 2018
Updated 3 years ago
Property Type Condo
Floor 3
Bedroom 1
Size 32.27 SqM
Price per SqM ฿103,812
Pets Not Allowed
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not 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 that 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
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.
฿1,452/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U84725

Price Analysis

Great Price
Estimated market value ฿3,802,602
Great
฿2,930,000
Good
Fair
Above
฿4,390,000
Current asking Price: ฿3,350,000
This condo is ฿452,602 BELOW MARKET (-12%) in the Chiang Mai area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
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Investment Opportunity: Charges & Yield

Sale Price
฿3,350,000
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.
฿1,452/mo

Project Details

Construction: Completed (Dec 2017)
Floors: 8
Buildings: N/A
Units: 68
Project Area: N/A
Nearest Landmark Nimman - 0.5 Km
Location: Suthep, Chiang Mai
Palm Springs Nimman Royal Project Details

Project Features

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

Available Units at Palm Springs Nimman Royal

Get notified when new homes are being added to Palm Springs Nimman Royal
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Frequently Asked Questions

No pets are allowed at Palm Springs Nimman Royal 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 ฿1,452 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 Palm Springs Nimman Royal the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Nimman is the nearest Neighborhood from Palm Springs Nimman Royal and it is 0.5 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 Palm Springs Nimman Royal 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

Sale Price : ฿5,759,000
FazWaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
FazWaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
FazWaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
FazWaz Estimate : ฿149,999
Price Rating : Fair Price

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Reviews

4.4 out of 5
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The location is very convenient, in the heart of Nimman.
Pakawat N., Thailand, 4 years ago
I chose to invest in a room here because of its excellent location in the heart of the trendy Nimman neighborhood, surrounded by a variety of facilities and numerous well-known restaurants. It's close to shopping malls like Kad Suan Kaew, One Nimman, and Maya Lifestyle Shopping Center. The project provides a high level of privacy, with only 68 units in the complex, and the common area includes a swimming pool, fitness center, and garden. The only thing I don't like about this place is the small parking lot. However, if you are not serious about using a private car here, public buses are also an option.
Nice Modern Building
Michael Davis, 4 years ago
I lived here for the first year it was open. Super peaceful building, clean modern environment with top notch facilities. Right in the middle of Nimman and old city - easy access to everywhere.
Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Palm Springs Nimman Royal

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
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
96
Sales Prices
฿3.5M
▲ 17% overpriced
Monthly Rentals
฿12K - ฿17K
Year Built
Aug 2016
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
62
Sales Prices
฿3.3M
Monthly Rentals
฿19K
Year Built
Dec 2017
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
62
Sales Prices
฿3.19M - ฿3.9M
Monthly Rentals
N/A
Year Built
Aug 2015
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
N/A
Sales Prices
฿4M
Monthly Rentals
฿18K
Year Built
Jan 2010
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
96
Sales Prices
฿2.5M - ฿4.2M
▲ 3.7% overpriced
Monthly Rentals
฿14K
Year Built
Feb 2018
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
48
Sales Prices
฿4.25M
Monthly Rentals
N/A
Year Built
Jul 2017
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
70
Sales Prices
฿3M
▲ 28% overpriced
Monthly Rentals
฿13K - ฿18K
Year Built
Aug 2018
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
109
Sales Prices
฿6.2M
Monthly Rentals
N/A
Year Built
May 2009
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
144
Sales Prices
฿1.39M - ฿1.85M
Monthly Rentals
N/A
Year Built
Dec 2002
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
235
Sales Prices
฿1.79M
Monthly Rentals
฿8.5K
Year Built
May 2000
Completion Status
Completed
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