1 Bedroom Condo for sale at The Unique at Koomuang

(1 Review)
Si Phum, Mueang Chiang Mai,Chiang Mai
Unit ID: U224560
6% Rental Yield
1 Bedroom
1 Bathroom
53.28 SqM Size
6 Floor
Nov 2014 Completed

About This Condo

This property is a 53.28 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Unique at Koomuang project in Si Phum, Chiang Mai and was completed in Nov 2014. You can buy this condo for a base price of ฿5,250,000 (฿98,536/SqM) and it is also available for long term rentals starting from ฿25,000 per month.

Features

BalconyBalcony Full Western KitchenFull Western Kitchen BathtubBathtub MicrowaveMicrowave OvenOven TVTV

Basic Information

Date Listed Nov 4, 2019
Updated 2 months ago
Property Type Condo
Floor 6
Bedroom 1
Size 53.28 SqM
Price per SqM ฿98,536
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
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) Lake View, 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.
฿2,398/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U224560

Price Analysis

Fair Price
Estimated market value ฿4,995,099
Great
฿4,340,000
Good
Fair
Above
฿7,140,000
Current asking Price: ฿5,250,000 | Advertised rental rate: ฿25,000/mo
This condo is ฿254,901 ABOVE MARKET (5%) 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
฿5,250,000
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.
฿2,398/mo
Rent
฿25,000/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.
18
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
6%

Project Details

Project Name: The Unique at Koomuang
Construction: Completed (Nov 2014)
Floors: 7
Buildings: 2
Units: 104
Project Area: 1,304 SqM
Nearest Landmark Chang Phuak Gate - 0.4 Km
Location: Si Phum, Chiang Mai
The Unique at Koomuang 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
Reception / Lobby Area Reception / Lobby Area
Laundry Facilities / Dry Cleaning Laundry Facilities / Dry Cleaning
Key card access Key card access

Popular Facilities at The Unique at Koomuang

  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

Available Units at The Unique at Koomuang

For Sale 1 For Rent 3
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Frequently Asked Questions

No pets are allowed at The Unique at Koomuang 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 ฿2,398 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 Unique at Koomuang the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Chang Phuak Gate is the nearest Tourist Attraction from The Unique at Koomuang and it is 0.4 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 Unique at Koomuang 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

4.2 out of 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Nice condo near tourist attractions in Chiang Mai
Natcha L., Thailand, 4 years ago
The project is located in a good location because it is situated in the center of Chiang Mai near the hospital, markets, restaurants, and tourist destinations. It is also accessible and saves time a lot, whether using a private car or public transports. The security is also great. The atmosphere is tranquil and not crowded, suitable for real relaxation. That's why I choose here to rent 1 bedroom. The room is spacious and very proportionate, very usable, and fully furnished. All furniture is strong, durable, and good of quality. There is a separate bathroom and toilet with a private bathtub for relaxing. The balcony is also spacious. It can be the place for a sitting area. The common area is clean, comprising a communal pool, a communal gym, and a leisure garden. The project construction and design impressed a lot. The condo gives the scent of the ancient city and is beautifully decorated. I am very impressed! The location, the services, the security system, and other aspects are all okay while I stay here. Everything is easy and a good choice for a relaxing place in the center of Chiang Mai.
Chiang Mai
Si Phum

Neighborhood Overview

Location and Neighborhood

Street View

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