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    1 Bedroom Condo for sale at Touch Hill Place Elegant
    Chang Phueak, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £66,000
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    1 Bedroom Condo for sale at Touch Hill Place Elegant

    (1 Review)
    Chang Phueak, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1375882
    6% Rental Yield
    1 Bedroom
    1 Bathroom
    56 SqM Size
    3 Floor
    Jan 2010 Completed
    (1 Review)
    Sale Price
    £66,000
    8

    About This Condo

    This property is a 56 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the project in Chang Phueak, Chiang Mai and was completed in Jan 2010. You can buy this condo for a base price of £66,000 (£1,180/SqM).

    Features

    BalconyBalcony TVTV

    Basic Information

    Date Listed Feb 10, 2023
    Updated 1 year ago
    Property Type Condo
    Floor 3
    Bedroom 1
    Size 56 SqM
    Price per SqM £1,180
    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
    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.
    £51/mo
    Listed By
    Private Owner
    Electricity Price Government Rate
    Water Price Government Rate
    Unit ID U1375882

    Investment Opportunity: Charges & Yield

    Sale Price
    £66,000
    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.
    £51/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.
    17
    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 Touch Hill Place Elegant, and the current sales price.
    6%

    Project Details

    Project Name: Touch Hill Place Elegant
    Developer: L.P.M. BUILDER CO., LTD.
    Construction: Completed (Jan 2010)
    Floors: 10
    Buildings: 1
    Units: 59
    Project Area: 1,600 SqM
    Nearest Landmark Chiang Mai Zoo - 4.3 Km
    Location: Chang Phueak, Chiang Mai
    Touch Hill Place Elegant 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
    Outdoor Kids Zone Outdoor Kids Zone
    Communal Garden Area Communal Garden Area

    Popular Facilities at Touch Hill Place Elegant

    • All
    • Fitness
    • Leisure
    3
    • Communal Pool
      1st Floor
    • Communal Gym
      2nd Floor
    • Sauna
      2nd Floor

    Available Units at Touch Hill Place Elegant

    For Sale 12 For Rent 7
    • All
    • 1 Bed
    • 2 Beds
    • 3 Beds
    Get notified when new homes are being added to Touch Hill Place Elegant
    View All (12)

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    Frequently Asked Questions

    No pets are allowed at Touch Hill Place Elegant 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 £51 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 Touch Hill Place Elegant the required payment for the sinking fund is £9 per square meter based on the size of the indoor area of the property.
    Chiang Mai Zoo is the nearest Tourist Attraction from Touch Hill Place Elegant and it is 4.3 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 Touch Hill Place Elegant you have to follow these steps:

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

     


    Payment Plan
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    £1,140
    1st Installment
    Upon contract signing
    2%
    2nd Installment
    On handover
    98%

    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

    4.7 out of 5
    Based on
    1 Review
    Maintenance
    Staff / Security
    Facilities on Site
    Quality of Finishing
    Value for Money
    Location
    + Write a review
    The surrounding atmosphere is very natural
    Mark Scott, Australia, 6 years ago
    My friends and I have traveled to Thailand many times. But we usually go to Phuket. This time, I had the opportunity to travel to Chiang Mai for the first time and was impressed with the natural atmosphere and accommodation. We booked a penthouse to stay with 3 people. I can tell you that it's better than I thought. The rooms are clean, spacious, and decorated with quality furniture. The surrounding atmosphere is very natural. From the room, you can see the view of Doi Suthep as well. Besides, there are shops and restaurants nearby, making it convenient and easy to find food. And, there are many amenities here, such as the swimming pool, fitness center, sauna, and putt golf course. But unfortunately, my friend and I don't have time to use it at all. Every day, just go out to various attractions. If there is a chance, I'll come back and stay again for sure.
    Chiang Mai
    Chang Phueak

    Neighborhood Overview

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