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    1 Bedroom Condo for sale at Play Condominium
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £278,000
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    1 Bedroom Condo for sale at Play Condominium

    (1 Review)
    Suthep, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1637158
    4% Rental Yield
    1 Bedroom
    1 Bathroom
    49.07 SqM Size
    12 Floor
    Apr 2016 Completed
    (1 Review)
    Sale Price
    £278,000
    12

    About This Condo

    This property is a 49.07 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Suthep, Chiang Mai and was completed in Apr 2016. You can buy this condo for a base price of £278,000 (£5,660/SqM).

    Features

    BalconyBalcony BathtubBathtub

    Basic Information

    Date Listed Jul 13, 2023
    Updated 1 year ago
    Property Type Condo
    Floor 12
    Bedroom 1
    Size 49.07 SqM
    Price per SqM £5,660
    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
    Furniture
    Built-ins are any items that do not leave the property but remain a part of the permanent structure of a home. This includes any type of permanent appliances, cabinetry, furniture that’s built into the home, such as shelving or benches, and other attached items.
    Built In
    View(s) City 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.
    £50/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U1637158

    Investment Opportunity: Charges & Yield

    Sale Price
    £278,000
    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.
    £50/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.
    27
    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 Play Condominium, and the current sales price.
    4%

    Project Details

    Project Name: Play Condominium
    Developer: N/A
    Construction: Completed (Apr 2016)
    Floors: 6
    Buildings: N/A
    Units: 65
    Project Area: N/A
    Nearest Landmark Maya Lifestyle Shopping Center - 0.4 Km
    Location: Suthep, Chiang Mai
    Play Condominium Project Details

    Project Features

    Hotel Managed Hotel Managed
    Communal Pool Communal Pool
    Jacuzzi Jacuzzi
    Communal Gym Communal Gym
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Sauna Sauna
    Reception / Lobby Area Reception / Lobby Area

    Available Units at Play Condominium

    For Sale 11 For Rent 3
    • All
    • Studio
    • 1 Bed
    Get notified when new homes are being added to Play Condominium
    View All (11)

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    Frequently Asked Questions

    No pets are allowed at Play Condominium 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 £50 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 Play Condominium the required payment for the sinking fund is £11 per square meter based on the size of the indoor area of the property.
    Maya Lifestyle Shopping Center is the nearest Shopping Mall from Play Condominium and it is 0.4 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 Play 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

    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
    Perfect condo!
    Max Corral, Mexico, 5 years ago
    I don't think I can explain how perfect the condo is in one hour because it's equipped with everything you need. The location is in the Nimmanhaemin area, convenient for living. On the opposite side, there is a night market such as Kad Rin Kham Market, Maya shopping mall, and many cute coffee shops. The project has a rooftop swimming pool that might look a bit small but has a good atmosphere. There are comfortable beds and a small bar as well. The bedroom I rented has a large one bedroom that is just perfect for two people. It's modernly decorated. The bed is super soft and comfortable. The furniture is brand new. The view from the room is a beautiful mountain view. Oh, I forgot to tell you that there is a maid service available for 400 baht a day.
    Chiang Mai
    Suthep

    Neighborhood Overview

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    Projects Nearby Play Condominium

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    Project Name
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    Monthly Rentals
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    ▼ -17% underpriced
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    Year Built
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    Completion Status
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    Project Name
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    Location
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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Completion Status
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    Project Name
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    Location
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    Project Name
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    Location
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    Number of units
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    Location
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    Number of units
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    Number of units
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    Sales Prices
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    Year Built
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    Completion Status
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    Project Name
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    Location
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    Number of units
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    Sales Prices
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    ▼ -3.3% underpriced
    Monthly Rentals
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    Year Built
    Mar 2015
    Completion Status
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