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    1 Bedroom Condo for sale at The Treasure
    Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £64,200
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    1 Bedroom Condo for sale at The Treasure

    (7 Reviews)
    Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1171794
    7% Rental Yield
    1 Bedroom
    1 Bathroom
    35 SqM Size
    3 Floor
    Dec 2017 Completed
    (7 Reviews)
    Sale Price
    £64,200
    12

    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 Pa Khrang, Chiang Mai and was completed in Dec 2017. You can buy this condo for a base price of £64,200 (£1,830/SqM) and it is also available for long term rentals starting from £373 per month.

    Unblocked Lake View 1 Bedroom Condo close to Central Festival

    Very nice unblocked lake view. One Bedroom at the Treasure condo by My Hip. Valuable price condo in the Prime area of Chiang Mai. Only 5 minute to Bangkok Hospital, Central Festival and Chiang Mai Business Park.

    Features

    BalconyBalcony MicrowaveMicrowave

    Basic Information

    Date Listed Nov 15, 2022
    Updated 2 years ago
    Property Type Condo
    Floor 3
    Bedroom 1
    Size 35 SqM
    Price per SqM £1,830
    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) Lake View, Unblocked Open View
    Unit Type N/A
    Building Building B
    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 U1171794

    Investment Opportunity: Charges & Yield

    Sale Price
    £64,200
    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.
    £29/mo
    Rent
    £373/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. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
    7%

    Project Details

    Project Name: The Treasure
    Developer: Home Development Group Co., Ltd.
    Construction: Completed (Dec 2017)
    Floors: 8
    Buildings: 4
    Units: 497
    Project Area: 9,164 SqM
    Nearest Landmark Central Chiangmai - 0.8 Km
    Location: Nong Pa Khrang, Chiang Mai
    The Treasure Project Details

    Project Features

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

    Popular Facilities at The Treasure

    • All
    • Fitness
    • Leisure
    3
    • Communal Pool
      1st Floor
    • Communal Gym
      1st Floor

    Available Units at The Treasure

    For Sale 12 For Rent 5
    • All
    • Studio
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to The Treasure
    View All (12)

    Loan Calculator

    Frequently Asked Questions

    No pets are allowed at The Treasure 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 The Treasure the required payment for the sinking fund is £9 per square meter based on the size of the indoor area of the property.
    Central Chiangmai is the nearest Shopping Mall from The Treasure and it is 0.8 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 The Treasure you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer

     


    Type - 1 Bedroom
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £233
    1st Installment
    Upon contract signing
    £1,170
    2nd Installment
    On handover
    100%
    Type - 2 Bedroom
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £233
    1st Installment
    Upon contract signing
    £2,330
    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
    7 Reviews
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    It's such a right decision to buy this place
    Nicolas W., United States, 5 years ago
    I bought the 2-bedroom unit here, which is really spacious, decorated with good quality furniture. From the room, you can see a beautiful mountain view. The atmosphere is superb. The project has excellent facilities, including 4 salt-water swimming pools, a fitness center, sauna, garden, ample parking, and a security system for 24 hours. The project's location is near Central Festival Chiang Mai, Makro, Big C Extra, University Hospital, and other amenities, so it's much easier to live here. It's such a right decision to buy this place.
    New project, quiet and convenient
    Suthida N., Thailand, 5 years ago
    First of all, I chose this project because of its location. It is convenient to travel and connect with many routes. The road is not busy, easy to travel to the mall within 10 minutes. Nearby, there is also Big C Extra and Green Green night market; there are many delicious street foods. The project is new and quite large. Also, the area is organized very well. There is plenty of parking space. The common areas are separated for each building. There are a fitness center, a swimming pool, and a free wi-fi service for all residences. The room's interior is well designed in modern style, using wood materials, including built-in furniture, cabinets, and kitchen counters. The room size is spacious. And I love cooking, and with the close kitchen, I can enjoy cooking and don't need to worry about the smell that will spread through the entire room anymore. They also separated the living room and bedroom with a partition. The bathroom is quite wide, with wet and dry zones. Behind the project is a large canal so you can enjoy a natural view just watching from your window.
    One of the beautiful modern condo in Chiang Mai
    Sakdina A., Thailand, 6 years ago
    This condo is suitable for relaxation with a size of 1 bedroom that I have rented. It is located in a convenient area and close to shopping centers, restaurants, and convenience stores. Besides, the design is modern, beautiful and stylish, suitable for new generation people. It is also equipped with various facilities such as a fitness center, sauna, and a special saltwater pool. The security system is strict and excellent standards, absolutely safe. I'm confident and trust at The Treasure Condo Chiang Mai.
    Modern design condo with complete facilities
    Jacinda Sturtevant, Belgium, 6 years ago
    A modern condominium in the heart of the city with a full range of facilities at an affordable price. I bought a 1-bedroom counit at 52 square meters. The room is perfect with a well-divided proportion. Also, various built-in furniture of the project meets the standard. As for the common area, there are four saltwater swimming pools, a fitness center, a sauna, and a small garden. I love swimming and doing exercise in the gym, where I made many foreign and Thai friends living here. Another impressive thing is the security system that is available 24 hours a day. The security guards here are very lovely.
    The condo is clean with a large swimming pool.
    Jia Lee, China, 6 years ago
    I must say that you have to use a private car living in Chiang Mai as it will be more convenient because the public buses (red public bus) are too expensive. This condo is located in the suburbs, tranquil atmosphere. The room is luxuriously decorated, and it is a 1 bedroom unit with a small balcony, suitable for 1-2 people. Moreover, the staff is accommodating, and they can speak English a little bit. Anyway, they can't speak Chinese. However, I work at the Tha Phae Road and drive for about 15 minutes only!! Notably, there are cheap Thai restaurants around here!!
    Good service staff and clean common areas
    Yajaira Frias, Bangladesh, 6 years ago
    It is a very nice condo because it is 650 meters close to the main road and we can easily travel to nearby places in Chiang Mai. Our room is a studio room and is fully furnished. As for the services, the staff serves excellent services. The common area also includes all the amenities, clean and the pool is very private. Besides, the security system is strict. Personally, it is an accommodation that meets the needs of working-age people.
    Great condo with excellent location
    Jasmine Kim, South Korea, 6 years ago
    I’ve been renting this condo for almost a year now. What I like the most is the location as it’s located in the city center, making it very easy to travel. It takes less than 10 mins to drive to Central Festival, Big C Extra, and Makro. However, the atmosphere around the project is calm and private, as it’s located in the blind alley, so there aren’t many cars passing by. Speaking of the room, I stayed in a one-bedroom unit; the size is okay. The kitchen is not too small, and the furniture provided is durable. Also, the security system is very reliable, so I don’t worry about anything here.
    Chiang Mai
    Nong Pa Khrang

    Neighborhood Overview

    Location and Neighborhood

    Street View

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