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    1 Bedroom Condo for sale at Mountain Pano Condominium
    Chang Phueak, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £58,000
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    1 Bedroom Condo for sale at Mountain Pano Condominium

     (Write Review)
    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
     (Write Review)
    Sale Price
    £58,000
    8

    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 £58,000 (£1,410/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 £1,410
    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.
    £38/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U980

    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.
    £38/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

    Project Name: Mountain Pano Condominium
    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

    • All
    • 1 Bed
    Get notified when new homes are being added to Mountain Pano Condominium
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    Frequently Asked Questions

    The common area maintenance fee is £1 per square meter based on the size of indoor area of the property and is £38 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 £9 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

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