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    1 Bedroom Condo for sale at My Hip Condo
    Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £63,600
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    1 Bedroom Condo for sale at My Hip Condo

    (6 Reviews)
    Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai
    Unit ID: U169604
    4% Rental Yield
    1 Bedroom
    1 Bathroom
    41 SqM Size
    7 Floor
    Nov 2014 Completed
    (6 Reviews)
    Sale Price
    £63,600
    17

    About This Condo

    This property is a 41 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Nong Pa Khrang, Chiang Mai and was completed in Nov 2014. You can buy this condo for a base price of £63,600 (£1,550/SqM) and it is also available for long term rentals starting from £231 per month.

    Features

    Corner UnitCorner Unit BalconyBalcony

    Basic Information

    Date Listed Mar 23, 2023
    Updated 1 year ago
    Property Type Condo
    Floor 7
    Bedroom 1
    Size 41 SqM
    Price per SqM £1,550
    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%.

    Thai Quota
    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, City View, Pool View, Blocked View
    Unit Type 1 Bedroom
    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.
    £29/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U169604

    Investment Opportunity: Charges & Yield

    Sale Price
    £63,600
    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.
    £29/mo
    Rent
    £231/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.
    23
    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.
    4%

    Project Details

    Project Name: My Hip Condo
    Developer: Home Development Group Co., Ltd.
    Construction: Completed (Nov 2014)
    Floors: 7
    Buildings: 3
    Units: 328
    Project Area: N/A
    Nearest Landmark Bangkok Hospital Chiang Mai - 1.4 Km
    Location: Nong Pa Khrang, Chiang Mai
    My Hip Condo Project Details

    Project Features

    Hotel Managed Hotel Managed
    Communal Pool Communal Pool
    Communal Gym Communal Gym
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Indoor Kids Zone Indoor Kids Zone
    Car Parking Car Parking
    Reception / Lobby Area Reception / Lobby Area

    Popular Facilities at My Hip Condo

    • All
    • Leisure
    3
    • Communal Pool
      1st Floor

    Available Units at My Hip Condo

    For Sale 12 For Rent 7
    • All
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to My Hip Condo
    View All (12)

    Loan Calculator

    Frequently Asked Questions

    No pets are allowed at My Hip Condo 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 £1 per square meter based on the size of indoor area of the property and is £29 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 My Hip Condo the required payment for the sinking fund is £8 per square meter based on the size of the indoor area of the property.
    Bangkok Hospital Chiang Mai is the nearest Hospital from My Hip Condo 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 My Hip Condo 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
    £231
    1st Installment
    Upon contract signing
    £2,310
    2nd Installment
    On handover
    100%

    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

    4.2 out of 5
    Based on
    6 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    Great Condo in the prime area
    Corrie Covey, United States, 4 years ago
    I've been here for about a year now. Overall, it is quite satisfying both in terms of location and room. It's near Big C Extra, Platinum, and Makro, making my daily routine much easier. Also, on Thursday-Saturday, there is a walking street where I can hang out after work. For me, I have a motorbike to get around. It's quite convenient even you don't have a car because you can walk for 5 minutes to catch the red minibus. The room I stay in is a one-bedroom unit that is in a perfect size. It doesn't make me feel cramped at all. Perhaps, it's because the ceiling is around 3 meters high, making the room look airier and comfortable. It makes me feel like living in a single-detached house. My room comes with full-furnished furniture, so I don't need to waste my time choosing it. The facilities include a swimming pool, a gym, and a garden. They are in every building, making it adequate and more convenient for all residents. I think this place is also worth the investment. When I move out, I can still rent out the place for tourists, students, or working people. I highly recommend it!
    This is such a livable condo
    Alana Cobbins, United States, 5 years ago
    I have a room here with one bedroom on the 3rd floor. The room is 40 sq.m wide, fully-furnished, and the layout is divided into functional proportion. The communal swimming pool is wide, and the garden is just perfect for relaxation. Pleasant atmosphere and good staff! This is such a livable condo.
    Stay safe and comfortable
    Cleotilde Rafter, Canada, 5 years ago
    This condo suits for real relaxation because it is a beautiful condo and complete facilities. Besides, the room I rented was neatly decorated. All the furniture is quality, and the areas are divided into zones; it is the perfect size for 2 bedrooms. Moreover, it is close to Bangkok Hospital Chiang Mai and Wiang Kum Kam, convenient for traveling as it is located in a prosperous area. It is such an excellent place to stay.
    Spacious common area, convenient transportation near the mall
    Caihong Feng, China, 5 years ago
    The communal areas here are designed amazingly. It can be said that it is worth the money paid. The residence is located in the center of Chiang Mai and is considered okay. It is also not far from Central Festival Chiang Mai. However, it used to have a problem with a power drain. Anyway, it was considered good maintenance. Besides, the pool here is clean, and the staff is always taking care of it. Although it has been constructed for many years, the structure still looks new, and t he lobby is spacious. The room downstairs is too dark, but the rooms on the upper floor give mountain views, well-ventilation !!
    Big room and clean
    Jaehong Park, South Korea, 5 years ago
    There's no need to explain a lot about this project. It is excellent; the room is spacious, new, and clean. Located in a perfect location next to Big C, Index Living Malls, and the Green Market Walking Street, within walking distance. There is a swimming pool, a gym and parking space available for residents. My room is a 1-bedroom room with standard furniture and an ensuite bathroom. The owner was very kind. Very impressed!
    Good location, suitable
    Lashay Vartanian, Brazil, 6 years ago
    The condo is in an excellent location, convenient to travel to because it's in Chiang Mai Town, close to the Central Festival shopping mall and the Chiang Mai Bus Terminal 2. The condo is modernly designed to meet the needs and benefits of the residents. The furniture used in this project is in good quality - strong and durable. It's suitable for living. The facilities such as swimming pool, garden, and fitness are in good condition. This area is taken care of very well. Although it is not the latest project, the overall condition doesn't look old at all.
    Chiang Mai
    Nong Pa Khrang

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