Studio Condo for sale at The 8 Condominium

(1 Review)

Chang Phueak, Mueang Chiang Mai,Chiang Mai

Unit ID: U227367

5% Rental Yield

Tenant-Occupied until Aug 15, 2024

Studio Bedroom

1 Bathroom

42 SqM Size

2 Floor

Jul 2018 Completed

(1 Review)

Sale Price

฿3,860,000

Great Price

About This Condo

This property is a 42 SqM studio condo with 1 bathroom that is available for sale. It is part of the The 8 Condominium 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

Balcony

Washing Machine

Basic Information

Date Listed Nov 13, 2019

Updated 9 months ago

Property Type Condo

Floor 2

Bedroom Studio

Size 42 SqM

Price per SqM ฿91,905

Pets Not Allowed

Condo Ownership

Thai Quota

Furniture

Unfurnished

View(s) City View, Pool View

Unit Type A

Building N/A

CAM Fee

฿2,100/mo

Listed By

Private Owner

Electricity Price N/A

Water Price N/A

Unit ID U227367

Price Analysis

Great Price

Estimated market value ฿5,455,055

Great

Good

Fair

Above

Current asking Price: ฿3,860,000 | Advertised rental rate: ฿15,000/mo

This condo is ฿1,595,055 BELOW MARKET (-29%) 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.

Investment Opportunity: Charges & Yield

Sale Price

฿3,860,000

CAM Fee

฿2,100/mo

Rent

฿15,000/mo

Price-to-Rent Ratio

Rental Yield

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

Communal Pool

Communal Gym

24H Security

CCTV (Video Surveillance)

Car Parking

Available Units at The 8 Condominium

For Sale 3 For Rent 3

All
Studio
2 Beds
3 Beds

Thai Quota Unfurnished City View

Thai Quota Partly Furnished City View

Thai Quota Fully Furnished City View

Get notified when new homes are being added to The 8 Condominium

View All (3)

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.

Do you own a property at The 8 Condominium?

Find out how much your property is worth and start your listing for free.

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