1 Bedroom Condo for sale at Mountain Pano Condominium

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Chang Phueak, Mueang Chiang Mai,Chiang Mai
Unit ID: U980
7% GUAR. RETURN FOR 4 YEARS
1 Bedroom
1 Bathroom
41.10 SqM Size
3 Floor
Feb 2016 Completed

About This Condo

This property is a 41.10 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Chang Phueak, Chiang Mai and was completed in Feb 2016. You can buy this condo for a base price of ฿2,507,100 (฿61,000/SqM).

Features

TerraceTerrace

Basic Information

Date Listed Nov 3, 2016
Updated 4 years ago
Property Type Condo
Floor 3
Bedroom 1
Size 41.10 SqM
Price per SqM ฿61,000
Pets Not Allowed
Condo Ownership

Foreign nationals can own condominium units as freehold owners in buildings where no 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 it is currently below 49%.

N/A
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 1
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.
฿1,644/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U980

Investment Opportunity: Charges & Yield

Sale Price
฿2,507,100
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.
฿1,644/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.
15
Guaranteed Rental Return
7%
Guarantee Duration
4 Years

Project Details

Developer: N/A
Construction: Completed (Feb 2016)
Floors: 6
Buildings: N/A
Units: 57
Project Area: N/A
Nearest Landmark The Tribal Museum - 0.8 Km
Location: Chang Phueak, Chiang Mai
Mountain Pano Condominium Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Reception / Lobby Area Reception / Lobby Area

Available Units at Mountain Pano Condominium

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Frequently Asked Questions

The common area maintenance fee is ฿40 per square meter based on the size of indoor area of the property and is ฿1,644 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 Mountain Pano Condominium the required payment for the sinking fund is ฿400 per square meter based on the size of the indoor area of the property.
The Tribal Museum is the nearest Tourist Attraction from Mountain Pano Condominium 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 Mountain Pano Condominium 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

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Chiang Mai
Chang Phueak

Neighborhood Overview

Location and Neighborhood

Street View

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