1 Bedroom Condo for sale at Punna Residence 5

(1 Review)
Suthep, Mueang Chiang Mai,Chiang Mai
Unit ID: U1700220
7% Rental Yield
Tenant-Occupied until May 31, 2024
1 Bedroom
1 Bathroom
40 SqM Size
4 Floor
Nov 2009 Completed

About This Condo

This property is a 40 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Punna Residence 5 project in Suthep, Chiang Mai and was completed in Nov 2009. You can buy this condo for a base price of ฿2,200,000 (฿55,000/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Jan 23, 2024
Updated 1 month ago
Property Type Condo
Floor 4
Bedroom 1
Size 40 SqM
Price per SqM ฿55,000
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.
฿19,000/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1700220

Investment Opportunity: Charges & Yield

Sale Price
฿2,200,000
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.
฿19,000/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.
14
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 1 bedroom condos at Punna Residence 5, and the current sales price.
7%

Project Details

Project Name: Punna Residence 5
Developer: N/A
Construction: Completed (Nov 2009)
Floors: 8
Buildings: N/A
Units: 136
Project Area: N/A
Nearest Landmark Chiang Mai International Airport - 4.2 Km
Location: Suthep, Chiang Mai
Punna Residence 5 Project Details

Project Features

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 Punna Residence 5

For Sale 4 For Rent 3
Get notified when new homes are being added to Punna Residence 5
View All (4)

Loan Calculator

Frequently Asked Questions

No pets are allowed at Punna Residence 5 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Chiang Mai International Airport is the nearest Airport from Punna Residence 5 and it is 4.2 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 Punna Residence 5 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

5 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
It is a private, quiet and good location.
Anton H., Sweden, 2 years ago
The condo is very quiet and private. There is a fitness center, a swimming pool, and parking spaces for those who live in the project. The staff here are nice, friendly, and helpful. The project location is excellent, located near Chiang Mai University, surrounded by a local community. There are a lot of restaurants, and the famous Nimman area is just a few minutes' drives away.
Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Punna Residence 5

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
Project Name
The Hill Park
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
120
Sales Prices
฿1.99M
▼ -30% underpriced
Monthly Rentals
N/A
Year Built
Oct 1998
Completion Status
Completed
Project Name
Baan Hor Kum
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
112
Sales Prices
฿2.59M
▼ -20% underpriced
Monthly Rentals
N/A
Year Built
Dec 1996
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
59
Sales Prices
฿1.49M - ฿5.58M
Monthly Rentals
฿17.9K - ฿24.9K
Year Built
Dec 2009
Completion Status
Completed
Project Name
V Residence
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
138
Sales Prices
฿1.79M - ฿3.25M
▼ -11.5% underpriced
Monthly Rentals
฿7.96K
Year Built
Dec 2014
Completion Status
Completed
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
165
Sales Prices
฿4.18M
▼ -30% underpriced
Monthly Rentals
N/A
Year Built
Sep 2008
Completion Status
Completed
Project Name
Stylish Chiangmai
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
99
Sales Prices
฿2.98M - ฿8.46M
▼ -12.3% underpriced
Monthly Rentals
N/A
Year Built
Dec 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
152
Sales Prices
฿2.78M
Monthly Rentals
฿13.9K
Year Built
Nov 2014
Completion Status
Completed
Project Name
Hill Park Condo 2
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
96
Sales Prices
฿4.48M - ฿5.48M
▼ -48% underpriced
Monthly Rentals
฿8.96K - ฿24.9K
Year Built
Dec 1996
Completion Status
Completed
Project Name
Thaweephol Tower
Location
Chang Phueak, Mueang Chiang Mai, Chiang Mai
Number of units
168
Sales Prices
฿1.39M
Monthly Rentals
N/A
Year Built
Mar 1998
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
78
Sales Prices
฿2.09M - ฿2.54M
▼ -14% underpriced
Monthly Rentals
N/A
Year Built
Dec 2013
Completion Status
Completed
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