1 Bedroom Condo for sale at The Treasure

(7 Reviews)
Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai
Unit ID: U1670
6% Rental Yield
1 Bedroom
1 Bathroom
49.95 SqM Size
2 Floor
Dec 2017 Completed

About This Condo

This property is a 49.95 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Treasure project in Nong Pa Khrang, Chiang Mai and was completed in Dec 2017. You can buy this condo for a base price of ฿3,596,450 (฿72,001/SqM).

Discover True Treasure in Chiang Mai: 49.95sqm Epic Condo for Sale!

Welcome to The Treasure, Chiang Mai! Here, you can own a sensational condo for sale that is part of a world-class residential project. Stop dreaming and start living in this amazing one-bedroom and one-bathroom marvel.At 49.95 square meters in size, this condo is a true treasure for your wallet and a steal for your home. With a base price of ฿3,596,450 (฿72,001/SqM), you won't find a better spot in Nong Pa Khrang. The floors and walls range in a variety of hues, adding to the grandiose feel of the condo. Updated in Dec 2017, this property is brought to life with modern turns and trimmings.This condo is in a great location with nearby restaurants, parks, and plenty of shops to explore. Get ready to experience a slice of luxury with a variety of amenities to make life just a bit more enjoyable. After all, you deserve to be treated right with a convenient space for work, rest, and play.So, what are you waiting for? Say goodbye to your old place, and start making memories in this epic condo. Make The Treasure your own today and escape from the hustle and bustle of downtown living. No need to overthink it. Make the call and feel the magic of this incredible property now!

Features

Wet BarWet Bar Corner UnitCorner Unit BalconyBalcony

Basic Information

Date Listed Nov 3, 2016
Updated 3 years ago
Property Type Condo
Floor 2
Bedroom 1
Size 49.95 SqM
Price per SqM ฿72,001
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%.

Foreign Quota
Furniture
Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
Built In
View(s) Mountain View
Unit Type 1 Bedroom
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.
฿1,748/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U1670

Price Analysis

Above Average
Estimated market value ฿3,255,879
Great
฿2,640,000
Good
Fair
Above
฿4,180,000
Current asking Price: ฿3,596,450 | Rental estimate: ฿19,200/mo
This condo is ฿340,571 ABOVE MARKET (10%) 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
฿3,596,450
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.
฿1,748/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.
16
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 The Treasure, and the current sales price.
6%

Project Details

Project Name: The Treasure
Construction: Completed (Dec 2017)
Floors: 8
Buildings: 4
Units: 497
Project Area: 9,164 SqM
Nearest Landmark Central Chiangmai - 0.8 Km
Location: Nong Pa Khrang, Chiang Mai
The Treasure Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at The Treasure

  • Communal Pool
    1st Floor
  • Communal Gym
    1st Floor

Available Units at The Treasure

For Sale 14 For Rent 3
Available Units at The Treasure
฿2,290,000
฿76,333/SqM
Beds 1 Beds
Baths 1 Baths
Size 30 SqM Size
Floor 3 Floor
Thai Quota Fully Furnished City View
Available Units at The Treasure
฿3,596,450
฿72,001/SqM
Beds 1 Beds
Baths 1 Baths
Size 49.95 SqM Size
Floor 2 Floor
Foreign Quota Mountain View
Available Units at The Treasure
฿4,558,920
฿77,704/SqM
Beds 2 Beds
Baths 1 Baths
Size 58.67 SqM Size
Floor 2 Floor
Foreign Quota Pool View
Available Units at The Treasure
฿2,750,000
฿78,571/SqM
Beds 1 Beds
Baths 1 Baths
Size 35 SqM Size
Floor 3 Floor
Thai Quota Fully Furnished Lake View
Available Units at The Treasure
฿3,657,920
฿71,000/SqM
Beds 1 Beds
Baths 1 Baths
Size 51.52 SqM Size
Floor 2 Floor
Foreign Quota Mountain View
Available Units at The Treasure
฿4,558,920
฿78,602/SqM
Beds 2 Beds
Baths 1 Baths
Size 58 SqM Size
Floor 2 Floor
Thai Quota Fully Furnished City View
Available Units at The Treasure
฿3,696,350
฿74,001/SqM
Beds 1 Beds
Baths 1 Baths
Size 49.95 SqM Size
Floor 3 Floor
Foreign Quota Mountain View
Available Units at The Treasure
฿3,726,280
฿76,000/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 49.03 SqM Size
Floor 2 Floor
Foreign Quota Pool View
Available Units at The Treasure
฿3,812,480
฿74,000/SqM
Beds 1 Beds
Baths 1 Baths
Size 51.52 SqM Size
Floor 4 Floor
Foreign Quota Mountain View
Available Units at The Treasure
฿3,896,150
฿78,001/SqM
Great Price
Beds 1 Beds
Baths 1 Baths
Size 49.95 SqM Size
Floor 7 Floor
Foreign Quota Mountain View
Available Units at The Treasure
฿3,915,520
฿76,000/SqM
Beds 1 Beds
Baths 1 Baths
Size 51.52 SqM Size
Floor 6 Floor
Foreign Quota Mountain View
Available Units at The Treasure
฿3,946,100
฿79,001/SqM
Beds 1 Beds
Baths 1 Baths
Size 49.95 SqM Size
Floor 8 Floor
Foreign Quota Mountain View
Available Units at The Treasure
฿3,967,040
฿77,000/SqM
Beds 1 Beds
Baths 1 Baths
Size 51.52 SqM Size
Floor 7 Floor
Foreign Quota Mountain View
Available Units at The Treasure
฿4,018,560
฿78,000/SqM
Beds 1 Beds
Baths 1 Baths
Size 51.52 SqM Size
Floor 8 Floor
Foreign Quota Mountain View
Get notified when new homes are being added to The Treasure
View All (14)

Loan Calculator

Payment Plan

Type - 1 Bedroom
Installment Milestone Payment
Reservation Deposit
Immediately
฿10,000
1st Installment
Upon contract signing
฿50,000
2nd Installment
On handover
100%
Type - 2 Bedroom
Installment Milestone Payment
Reservation Deposit
Immediately
฿10,000
1st Installment
Upon contract signing
฿100,000
2nd Installment
On handover
100%

Frequently Asked Questions

No pets are allowed at The Treasure 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 ฿35 per square meter based on the size of indoor area of the property and is ฿1,748 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 Treasure the required payment for the sinking fund is ฿400 per square meter based on the size of the indoor area of the property.
Central Chiangmai is the nearest Shopping Mall from The Treasure and it is 0.8 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 The Treasure you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Type - 1 Bedroom
Installment Milestone Payment
Reservation Deposit
Immediately
฿10,000
1st Installment
Upon contract signing
฿50,000
2nd Installment
On handover
100%
Type - 2 Bedroom
Installment Milestone Payment
Reservation Deposit
Immediately
฿10,000
1st Installment
Upon contract signing
฿100,000
2nd Installment
On handover
100%

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

Reviews

4.2 out of 5
Based on
7 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
It's such a right decision to buy this place
Nicolas W., United States, 4 years ago
I bought the 2-bedroom unit here, which is really spacious, decorated with good quality furniture. From the room, you can see a beautiful mountain view. The atmosphere is superb. The project has excellent facilities, including 4 salt-water swimming pools, a fitness center, sauna, garden, ample parking, and a security system for 24 hours. The project's location is near Central Festival Chiang Mai, Makro, Big C Extra, University Hospital, and other amenities, so it's much easier to live here. It's such a right decision to buy this place.
New project, quiet and convenient
Suthida N., Thailand, 5 years ago
First of all, I chose this project because of its location. It is convenient to travel and connect with many routes. The road is not busy, easy to travel to the mall within 10 minutes. Nearby, there is also Big C Extra and Green Green night market; there are many delicious street foods. The project is new and quite large. Also, the area is organized very well. There is plenty of parking space. The common areas are separated for each building. There are a fitness center, a swimming pool, and a free wi-fi service for all residences. The room's interior is well designed in modern style, using wood materials, including built-in furniture, cabinets, and kitchen counters. The room size is spacious. And I love cooking, and with the close kitchen, I can enjoy cooking and don't need to worry about the smell that will spread through the entire room anymore. They also separated the living room and bedroom with a partition. The bathroom is quite wide, with wet and dry zones. Behind the project is a large canal so you can enjoy a natural view just watching from your window.
One of the beautiful modern condo in Chiang Mai
Sakdina A., Thailand, 5 years ago
This condo is suitable for relaxation with a size of 1 bedroom that I have rented. It is located in a convenient area and close to shopping centers, restaurants, and convenience stores. Besides, the design is modern, beautiful and stylish, suitable for new generation people. It is also equipped with various facilities such as a fitness center, sauna, and a special saltwater pool. The security system is strict and excellent standards, absolutely safe. I'm confident and trust at The Treasure Condo Chiang Mai.
Modern design condo with complete facilities
Jacinda Sturtevant, Belgium, 5 years ago
A modern condominium in the heart of the city with a full range of facilities at an affordable price. I bought a 1-bedroom counit at 52 square meters. The room is perfect with a well-divided proportion. Also, various built-in furniture of the project meets the standard. As for the common area, there are four saltwater swimming pools, a fitness center, a sauna, and a small garden. I love swimming and doing exercise in the gym, where I made many foreign and Thai friends living here. Another impressive thing is the security system that is available 24 hours a day. The security guards here are very lovely.
The condo is clean with a large swimming pool.
Jia Lee, China, 5 years ago
I must say that you have to use a private car living in Chiang Mai as it will be more convenient because the public buses (red public bus) are too expensive. This condo is located in the suburbs, tranquil atmosphere. The room is luxuriously decorated, and it is a 1 bedroom unit with a small balcony, suitable for 1-2 people. Moreover, the staff is accommodating, and they can speak English a little bit. Anyway, they can't speak Chinese. However, I work at the Tha Phae Road and drive for about 15 minutes only!! Notably, there are cheap Thai restaurants around here!!
Good service staff and clean common areas
Yajaira Frias, Bangladesh, 5 years ago
It is a very nice condo because it is 650 meters close to the main road and we can easily travel to nearby places in Chiang Mai. Our room is a studio room and is fully furnished. As for the services, the staff serves excellent services. The common area also includes all the amenities, clean and the pool is very private. Besides, the security system is strict. Personally, it is an accommodation that meets the needs of working-age people.
Great condo with excellent location
Jasmine Kim, South Korea, 5 years ago
I’ve been renting this condo for almost a year now. What I like the most is the location as it’s located in the city center, making it very easy to travel. It takes less than 10 mins to drive to Central Festival, Big C Extra, and Makro. However, the atmosphere around the project is calm and private, as it’s located in the blind alley, so there aren’t many cars passing by. Speaking of the room, I stayed in a one-bedroom unit; the size is okay. The kitchen is not too small, and the furniture provided is durable. Also, the security system is very reliable, so I don’t worry about anything here.
Chiang Mai
Nong Pa Khrang

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The Treasure

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Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
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▼ -12.1% underpriced
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Location
Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
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