Grand Siritara Condo

4.17 (1 Review)

Mae Hia, Mueang Chiang Mai,Chiang Mai

Unit ID: U677156
6% Rental Yield
฿5,176,600 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
117.65 SqM Size
Floors
8 Floor
Construction
Jun 2013 Completed

2 Bedroom Condo for sale at Grand Siritara Condo

This property is a 117.65 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Grand Siritara Condo project in Mae Hia, Chiang Mai and was completed in Jun 2013. You can buy this condo for a base price of ฿5,176,600 (฿44,000/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 8
Bedrooms 2
Size 117.65 SqM
Price per SqM ฿44,000
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
Unfurnished
View(s) City View, Unblocked Open View
Unit Type N/A
Building N/A
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿3,530/mo
Listed By
N/A
Date Listed Mar 26, 2021
Last Updated 2 months ago
Unit ID U677156

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿5,590,000
Great
฿3,650,000
Good
Fair
Above
฿6,070,000
Current asking Price: ฿5,176,600 | Rental estimate: ฿27,300/mo
This condo is ฿413,400 BELOW MARKET (-7%) 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
฿5,176,600
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿3,530/mo
Est. Rent
฿27,300/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 2 bedroom condos at Grand Siritara Condo, and the current sales price.
6%

Project Details

Project Name: Grand Siritara Condo
Construction: Completed (Jun 2013)
Floors: 8
Buildings: N/A
Units: 79
Project Area: N/A
Nearest Landmark Chiang Mai International Airport -4.4 Km
Location: Mae Hia, Mueang Chiang Mai, Chiang Mai
Grand Siritara Condo 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

Available Units at Grand Siritara Condo

For Sale 10 For Rent 3
Get notified when new homes are being added to Grand Siritara Condo

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Frequently asked questions

The common area maintenance fee is ฿30 per square meter based on the size of indoor area of the property and is ฿3,530 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 Grand Siritara Condo the required payment for the sinking fund is ฿400 per square meter based on the size of the indoor area of the property.
Chiang Mai International Airport is the nearest Airport from Grand Siritara Condo and it is 4.4 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 Grand Siritara Condo 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 4.17
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Quiet and clean
4.2 Jaein Lee, South Korea, 4 years ago
Quiet and clean. Great environment. Including a swimming pool, fitness center, and free parking for residents. The unit has 2-bedrooms, spacious interior with a full set of standard furniture. There are a kitchen and a dining table for 4-people. Good location surrounded by many cafes. Not far from Chiang Mai airport as well.

Chiang Mai

Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Grand Siritara Condo

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Chiang Mai Condo / Apartment Market insight