Studio Condo for sale at The New Concept Pool Garden

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Mae Hia, Mueang Chiang Mai,Chiang Mai
Unit ID: U1725762
8% GUAR. RETURN FOR 10 YEARS
Studio Bedroom
1 Bathroom
60 SqM Size
2 Floor
18 Months Made To Order

About This Condo

This property is a 60 SqM studio condo with 1 bathroom that is available for sale. It is part of the The New Concept Pool Garden project in Mae Hia, Chiang Mai and will be built within 18 months of purchase. You can buy this condo for a base price of ฿1,900,000 (฿31,667/SqM).

Features

BalconyBalcony BathtubBathtub

Basic Information

Date Listed Jan 31, 2024
Updated 3 weeks ago
Property Type Condo
Floor 2
Bedroom Studio
Size 60 SqM
Price per SqM ฿31,667
Pets N/A
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
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) Pool View, Garden 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.
฿2,700/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1725762

Investment Opportunity: Charges & Yield

Sale Price
฿1,900,000
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.
฿2,700/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.
13
Guaranteed Rental Return
8%
Guarantee Duration
10 Years

Project Details

Developer: N/A
Construction: Made To Order (18 Months)
Floors: 3
Buildings: N/A
Units: 311
Project Area: N/A
Nearest Landmark N/A
Location: Mae Hia, Chiang Mai
The New Concept Pool Garden Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
Bar Bar
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Steam Room Steam Room
Reception / Lobby Area Reception / Lobby Area

Available Units at The New Concept Pool Garden

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Frequently Asked Questions

The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿2,700 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 New Concept Pool Garden the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
The New Concept Pool Garden offers a guaranteed rental return of 8% (based on the purchase price of the property) for a duration of 10 Years.
Read more here.

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 New Concept Pool Garden 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
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FazWaz Estimate : ฿149,999
Price Rating : Fair Price

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Chiang Mai
Mae Hia

Neighborhood Overview

Location and Neighborhood

Street View

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