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    1 Bedroom Condo for sale at Punna Residence 2 at Nimman
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £128,000
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    1 Bedroom Condo for sale at Punna Residence 2 at Nimman

    (1 Review)
    Suthep, Mueang Chiang Mai,Chiang Mai
    Unit ID: U172262
    5% Rental Yield
    1 Bedroom
    1 Bathroom
    77 SqM Size
    Nov 2010 Completed
    (1 Review)
    Sale Price
    £128,000
    Great Price Great Price
    19

    About This Condo

    This property is a 77 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 Nov 2010. You can buy this condo for a base price of £128,000 (£1,660/SqM) and it is also available for long term rentals starting from £525 per month.

    Spacious 1BR corner room with noise reduction windows

    Newly decorated 1BR & bathroom corner unit, fully furnished with western kitchen. - large living cum dining room.- 2 x aircons.- double glazed windows for noise reduction and insulation.- 77 sqmts, large wrap around L shaped balcony with patio furniture.- 2 x TV in living and bed rooms- hot water in bathroom and kitchen- bathtub- kitchen fitted with 4 hob cooker- oven, microwave oven, washing machine, blender, cutlery, crockery, pots and pans- common area pool & fitness centre

    Features

    Private GymPrivate Gym Private LiftPrivate Lift Corner UnitCorner Unit BalconyBalcony Full Western KitchenFull Western Kitchen BathtubBathtub Fully RenovatedFully Renovated Washing MachineWashing Machine MicrowaveMicrowave OvenOven TVTV

    Basic Information

    Date Listed May 14, 2021
    Updated 1 year ago
    Property Type Condo
    Floor N/A
    Bedroom 1
    Size 77 SqM
    Price per SqM £1,660
    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
    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 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.
    £53/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U172262

    Investment Opportunity: Charges & Yield

    Sale Price
    £128,000
    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.
    £53/mo
    Rent
    £525/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.
    20
    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.
    5%

    Project Details

    Project Name: Punna Residence 2 at Nimman
    Developer: Punna Development
    Construction: Completed (Nov 2010)
    Floors: 8
    Buildings: N/A
    Units: 79
    Project Area: N/A
    Nearest Landmark Chiang Mai University - 0.4 Km
    Location: Suthep, Chiang Mai
    Punna Residence 2 at Nimman 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
    Sauna Sauna
    Reception / Lobby Area Reception / Lobby Area

    Available Units at Punna Residence 2 at Nimman

    For Sale 3 For Rent 2
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Punna Residence 2 at Nimman
    View All (3)

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    Frequently Asked Questions

    No pets are allowed at Punna Residence 2 at Nimman 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 £53 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.
    Chiang Mai University is the nearest University from Punna Residence 2 at Nimman 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 Punna Residence 2 at Nimman 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
    This place is the BEST!
    Jutimek R., Thailand, 5 years ago
    I work in this area, and I'm looking for a place to live in the city that fits my lifestyle. Then I discovered it here; it is in Nimman city and is complete in all aspects, including restaurants, cafes, malls, and tourist attractions. It's considered complete all in one. It is also only a 15-minute drive to Chiang Mai International Airport. Aside from that, despite being in the heart of the city, the project ambiance is pleasant. The project is surrounded by lush green plants, and the swimming pool is also in good condition. The staff is wonderful. My room is on the 3rd floor. It's a spacious 1 bedroom unit, with high-quality furnishings. The monthly rental price is reasonable. I have nothing to complain about here. I recommend it if you like comfort and convenience. This place is the BEST!
    Chiang Mai
    Suthep

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    Projects Nearby Punna Residence 2 at Nimman

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    Number of units
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    Sales Prices
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    Monthly Rentals
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    Year Built
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    Completion Status
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