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    1 Bedroom Condo for sale at Arise Condo At Mahidol
    Pa Daet, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £58,000
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    1 Bedroom Condo for sale at Arise Condo At Mahidol

    (2 Reviews)
    Pa Daet, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1854178
    6% Rental Yield
    1 Bedroom
    1 Bathroom
    31.70 SqM Size
    2 Floor
    Jun 2020 Completed
    (2 Reviews)
    Sale Price
    £58,000
    11

    About This Condo

    This property is a 31.70 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Pa Daet, Chiang Mai and was completed in Jun 2020. You can buy this condo for a base price of £58,000 (£1,830/SqM).

    Features

    BalconyBalcony

    Basic Information

    Date Listed May 31, 2024
    Updated 6 months ago
    Property Type Condo
    Floor 2
    Bedroom 1
    Size 31.70 SqM
    Price per SqM £1,830
    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%.

    Foreign Quota, 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) Garden View
    Unit Type N/A
    Building Building B
    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.
    £44/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1854178

    Investment Opportunity: Charges & Yield

    Sale Price
    £58,000
    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.
    £44/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.
    17
    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 1 bedroom condos at Arise Condo At Mahidol, and the current sales price.
    6%

    Project Details

    Project Name: Arise Condo At Mahidol
    Developer: Ornsirin Group
    Construction: Completed (Jun 2020)
    Floors: 5
    Buildings: 10
    Units: 380
    Project Area: 12,800 SqM
    Nearest Landmark Centralplaza Chiangmai Airport - 1.4 Km
    Location: Pa Daet, Chiang Mai
    Arise Condo At Mahidol Project Details

    Project Features

    Communal Pool Communal Pool
    Communal Gym Communal Gym
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Communal Garden Area Communal Garden Area

    Popular Facilities at Arise Condo At Mahidol

    • All
    • Fitness
    • Leisure
    3
    • Communal Pool
      1st Floor
    • Communal Gym
      2nd Floor
    • Communal Garden Area
      1st Floor

    Available Units at Arise Condo At Mahidol

    For Sale 12 For Rent 10
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Arise Condo At Mahidol
    View All (12)

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    Frequently Asked Questions

    No pets are allowed at Arise Condo At Mahidol 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 $2 per square meter based on the size of indoor area of the property and is $56 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 Arise Condo At Mahidol the required payment for the sinking fund is $15 per square meter based on the size of the indoor area of the property.
    Centralplaza Chiangmai Airport is the nearest Shopping Mall from Arise Condo At Mahidol and it is 1.4 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 Arise Condo At Mahidol you have to follow these steps:

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

     


    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £1,170
    1st Installment
    Upon contract signing
    5%
    2nd Installment
    down payment of selling price within 15 days after Signing Purchasing Contract
    25%
    3rd Installment
    On handover
    70%

    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

    4.7 out of 5
    Based on
    2 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Studio room, suitable for living alone
    Ken Zhang, China, 4 years ago
    I had the opportunity to visit the sample room, which is a 27 square meter studio room. I think this size room is ok for a single or short stay as it is quite small and narrow. Not suitable for people who used to have a lot of space in the house. There is a complete set of furniture decoration. Beautiful and modern. Including basic facilities; a large swimming pool, rest area, fitness, and Parking. The location is good. Close to Central Department Store. The project is currently under construction. When finished, come back to make a decision again.
    A beautiful and luxurious condo design
    Kiora Husson, Poland, 5 years ago
    I moved to live here for 3 months, which is impressive because the condo surrounding area peaceful and safe. The neighbors and staff are friendly and very helpful. The room that I stay in is beautifully decorated and stylish, giving a sense of relaxation. What's more, there is a common area that offers complete facilities to comfortably and fully use. I've already used the service, and everything is alright. In addition, the condo is conveniently located and has easy access to everywhere in Mueang Chiang Mai. I made the right decision to live here.
    Chiang Mai
    Pa Daet

    Neighborhood Overview

    Location and Neighborhood

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