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    2 Bedroom Condo for sale at Punna Residence 5
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    ฿11,000,000
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    2 Bedroom Condo for sale at Punna Residence 5

    (1 Review)
    Suthep, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1038942
    3% Rental Yield
    Tenant-Occupied until Feb 28, 2025
    2 Bedrooms
    2 Bathrooms
    136 SqM Size
    8 Floor
    Nov 2009 Completed
    (1 Review)
    Sale Price
    ฿11,000,000
    Great Price Great Price
    9

    About This Condo

    This property is a 136 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the project in Suthep, Chiang Mai and was completed in Nov 2009. You can buy this condo for a base price of ฿11,000,000 (฿80,882/SqM) and it is also available for long term rentals starting from ฿29,000 per month.

    2 bed 2 bath 8 floor 180 view

    close to CMU

    Features

    BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave

    Basic Information

    Date Listed Jul 14, 2023
    Updated 1 week ago
    Property Type Condo
    Floor 8
    Bedrooms 2
    Size 136 SqM
    Price per SqM ฿80,882
    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
    Specific items of furniture can be requested in the sale, or buyers can offer to purchase some or all of it. When negotiating a deal, either party can suggest that such items be included in the sale price.
    Negotiable
    View(s) Mountain 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.
    ฿45/mo
    Listed By
    Each listing provided by partnered agents is individually verified by Thaiger Property. Partner Agents work for different brokerages or property management companies but have teamed up with Thaiger Property so that we can provide you a wider choice of properties
    Agent / Partner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1038942

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿11,000,000
    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.
    ฿45/mo
    Rent
    ฿29,000/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.
    32
    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.
    3%

    Project Details

    Project Name: Punna Residence 5
    Developer: N/A
    Construction: Completed (Nov 2009)
    Floors: 8
    Buildings: N/A
    Units: 136
    Project Area: N/A
    Nearest Landmark Chiang Mai International Airport - 4.2 Km
    Location: Suthep, Chiang Mai
    Punna Residence 5 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

    Available Units at Punna Residence 5

    For Sale 5 For Rent 3
    • All
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Punna Residence 5
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    Frequently Asked Questions

    No pets are allowed at Punna Residence 5 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Chiang Mai International Airport is the nearest Airport from Punna Residence 5 and it is 4.2 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 Punna Residence 5 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

    Reviews

    5 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    It is a private, quiet and good location.
    Anton H., Sweden, 3 years ago
    The condo is very quiet and private. There is a fitness center, a swimming pool, and parking spaces for those who live in the project. The staff here are nice, friendly, and helpful. The project location is excellent, located near Chiang Mai University, surrounded by a local community. There are a lot of restaurants, and the famous Nimman area is just a few minutes' drives away.
    Chiang Mai
    Suthep

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