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    1 Bedroom Condo for sale at Punna Residence 5
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £50,200
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    1 Bedroom Condo for sale at Punna Residence 5

    (1 Review)
    Suthep, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1700220
    7% Rental Yield
    1 Bedroom
    1 Bathroom
    40 SqM Size
    4 Floor
    Nov 2009 Completed
    (1 Review)
    Sale Price
    £50,200
    8

    About This Condo

    This property is a 40 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 2009. You can buy this condo for a base price of £50,200 (£1,260/SqM).

    Features

    BalconyBalcony

    Basic Information

    Date Listed Jan 23, 2024
    Updated 1 month ago
    Property Type Condo
    Floor 4
    Bedroom 1
    Size 40 SqM
    Price per SqM £1,260
    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) 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.
    £434/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1700220

    Investment Opportunity: Charges & Yield

    Sale Price
    £50,200
    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.
    £434/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.
    14
    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 Punna Residence 5, and the current sales price.
    7%

    Project Details

    Project Name: Punna Residence 5
    Developer: N/A
    Construction: Completed (Nov 2009)
    Floors: 8
    Buildings: N/A
    Units: 136
    Project Area: N/A
    Nearest Landmark Chiang Mai International Airport - 4.2 Km
    Location: Suthep, Chiang Mai
    Punna Residence 5 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

    Available Units at Punna Residence 5

    For Sale 5 For Rent 3
    • All
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Punna Residence 5
    View All (5)

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    Frequently Asked Questions

    No pets are allowed at Punna Residence 5 unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Chiang Mai International Airport is the nearest Airport from Punna Residence 5 and it is 4.2 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 5 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
    It is a private, quiet and good location.
    Anton H., Sweden, 3 years ago
    The condo is very quiet and private. There is a fitness center, a swimming pool, and parking spaces for those who live in the project. The staff here are nice, friendly, and helpful. The project location is excellent, located near Chiang Mai University, surrounded by a local community. There are a lot of restaurants, and the famous Nimman area is just a few minutes' drives away.
    Chiang Mai
    Suthep

    Neighborhood Overview

    Location and Neighborhood

    Street View

    Projects Nearby Punna Residence 5

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    Location
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    Number of units
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    Year Built
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    Completion Status
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    Location
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    Number of units
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    Sales Prices
    £47.9K - £58.2K
    ▼ -17% underpriced
    Monthly Rentals
    N/A
    Year Built
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    Completion Status
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    Projects Nearby Punna Residence 5
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