1 Bedroom Condo for sale at The Vidi Condominium

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Chang Phueak, Mueang Chiang Mai,Chiang Mai
Unit ID: U39703
1 Bedroom
1 Bathroom
49.02 SqM Size
3 Floor
Oct 2017 Completed

About This Condo

This property is a 49.02 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Vidi Condominium project in Chang Phueak, Chiang Mai and was completed in Oct 2017. You can buy this condo for a base price of ฿3,873,560 (฿79,020/SqM).

Features

Corner UnitCorner Unit BalconyBalcony

Basic Information

Date Listed Nov 13, 2017
Updated 3 years ago
Property Type Condo
Floor 3
Bedroom 1
Size 49.02 SqM
Price per SqM ฿79,020
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, Thai Quota, Company
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) Mountain View
Unit Type B
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.
฿1,961/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U39703

Price Analysis

Above Average
Estimated market value ฿3,207,349
Great
฿2,970,000
Good
Fair
Above
฿3,430,000
Current asking Price: ฿3,873,560
This condo is ฿666,211 ABOVE MARKET (21%) 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

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.
฿1,961/mo

Project Details

Project Name: The Vidi Condominium
Construction: Completed (Oct 2017)
Floors: 7
Buildings: N/A
Units: 98
Project Area: N/A
Nearest Landmark Maya Lifestyle Shopping Center - 0.5 Km
Location: Chang Phueak, Chiang Mai
The Vidi Condominium 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
Close
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Payment Plan

Installment Milestone Payment
Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
10%
2nd Installment
30 days after contract signing
40%
3rd Installment
On handover
50%

Frequently Asked Questions

No pets are allowed at The Vidi 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 ฿40 per square meter based on the size of indoor area of the property and is ฿1,961 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 Vidi Condominium the required payment for the sinking fund is ฿450 per square meter based on the size of the indoor area of the property.
Maya Lifestyle Shopping Center is the nearest Shopping Mall from The Vidi Condominium 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 The Vidi Condominium you have to follow these steps:

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

 


Installment Milestone Payment
Deposit
Immediately
฿50,000
1st Installment
Upon contract signing
10%
2nd Installment
30 days after contract signing
40%
3rd Installment
On handover
50%

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
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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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Chiang Mai
Chang Phueak

Neighborhood Overview

Location and Neighborhood

Street View

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