1 Bedroom Condo for sale at The New Concept Office Plus

 (Write Review)
Nong Khwai, Hang Dong,Chiang Mai
Unit ID: U1899346
8% GUAR. RETURN FOR 5 YEARS
1 Bedroom
1 Bathroom
35 SqM Size
5 Floor
Nov 2017 Completed

About This Condo

This property is a 35 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Nong Khwai, Chiang Mai and was completed in Nov 2017. You can buy this condo for a base price of £38,600 (£1,100/SqM) and it is also available for long term rentals starting from £251 per month.

The New Concept Office Plus

Fully furnished with mountain view

Features

BalconyBalcony MicrowaveMicrowave TVTV

Basic Information

Date Listed Jul 25, 2024
Updated 3 months ago
Property Type Condo
Floor 5
Bedroom 1
Size 35 SqM
Price per SqM £1,100
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, Thai Quota, Leasehold, Company
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) Garden 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.
£36/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1899346

Investment Opportunity: Charges & Yield

Sale Price
£38,600
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.
£36/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.
13
Guaranteed Rental Return
8%
Guarantee Duration
5 Years

Project Details

Developer: N/A
Construction: Completed (Nov 2017)
Floors: 6
Buildings: N/A
Units: 100
Project Area: N/A
Nearest Landmark N/A
Location: Nong Khwai, Chiang Mai
The New Concept Office Plus Project Details

Project Features

Hotel Managed Hotel Managed
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking

Available Units at The New Concept Office Plus

For Sale 2 For Rent 1
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Frequently Asked Questions

No pets are allowed at The New Concept Office Plus 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 £36 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 The New Concept Office Plus the required payment for the sinking fund is £7 per square meter based on the size of the indoor area of the property.
The New Concept Office Plus offers a guaranteed rental return of 8% (based on the purchase price of the property) for a duration of 5 Years.
Read more here.

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 The New Concept Office Plus 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
Nong Khwai

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby The New Concept Office Plus

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Nong Khwai, Hang Dong, Chiang Mai
Number of units
32
Sales Prices
£112K
Monthly Rentals
£799
Year Built
Dec 2005
Completion Status
Completed
Location
Nong Khwai, Hang Dong, Chiang Mai
Number of units
49
Sales Prices
£114K - £240K
▲ 5.3% overpriced
Monthly Rentals
N/A
Year Built
Jan 2019
Completion Status
Completed
Location
Nong Khwai, Hang Dong, Chiang Mai
Number of units
24
Sales Prices
£114K
Monthly Rentals
N/A
Year Built
Jan 2012
Completion Status
Completed
Project Name
World Club Land
Location
Nong Khwai, Hang Dong, Chiang Mai
Number of units
405
Sales Prices
£54.8K - £879K
▼ -26% underpriced
Monthly Rentals
£548 - £2.74K
Year Built
Nov 2014
Completion Status
Completed
Project Name
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Location
Nong Khwai, Hang Dong, Chiang Mai
Number of units
24
Sales Prices
£199K
Monthly Rentals
£799
Year Built
Feb 2009
Completion Status
Completed
Project Name
Baan Nai Fun
Location
Mae Hia, Hang Dong, Chiang Mai
Number of units
222
Sales Prices
£194K - £388K
▲ 32% overpriced
Monthly Rentals
N/A
Year Built
Dec 2017
Completion Status
Completed
Location
Nong Khwai, Hang Dong, Chiang Mai
Number of units
62
Sales Prices
£365K - £479K
Monthly Rentals
£1.03K - £1.37K
Year Built
Jan 1999
Completion Status
Completed
Location
Nong Khwai, Hang Dong, Chiang Mai
Number of units
6
Sales Prices
£1.07M
Monthly Rentals
N/A
Year Built
Dec 2019
Completion Status
Completed
Location
Nong Khwai, Hang Dong, Chiang Mai
Number of units
95
Sales Prices
£70.8K - £158K
Monthly Rentals
N/A
Year Built
Feb 2015
Completion Status
Completed
Location
Nong Khwai, Hang Dong, Chiang Mai
Number of units
60
Sales Prices
£112K - £148K
Monthly Rentals
N/A
Year Built
Dec 2017
Completion Status
Completed
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