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    2 Bedroom Condo for sale at Ruankam Tower Condominium
    Suthep, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £88,700
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    2 Bedroom Condo for sale at Ruankam Tower Condominium

     (Write Review)
    Suthep, Mueang Chiang Mai,Chiang Mai
    Unit ID: U2001822
    7% Rental Yield
    2 Bedrooms
    1 Bathroom
    58 SqM Size
    6 Floor
    Jan 2012 Completed
     (Write Review)
    Sale Price
    £88,700
    13

    About This Condo

    This property is a 58 SqM condo with 2 bedrooms and 1 bathroom that is available for sale. It is part of the project in Suthep, Chiang Mai and was completed in Jan 2012. You can buy this condo for a base price of £88,700 (£1,530/SqM).

    Stunning 2-Bedroom Condo in the Heart of Nimman!

    Ruan Kum Tower Condo, 6th Floor, Nimman Soi 12, Chiang Mai  Size: 58 sqm of well-designed living space Price: 3.7 Million Baht (Excellent Value!) (Highlight value)   Key Features: 
    • Spacious and Modern Living: This 2-bedroom, 1-bathroom condo offers 58 sqm of comfortable living space, featuring a bright and airy living room, a modern kitchen with a stylish stone countertop, and a convenient laundry area complete with a washer and dryer. (Combine similar features for better flow)
    • Prime Nimman Location (Just Steps from Nimman Road!): Located on Nimman Soi 12, you're just a minute's walk from the vibrant Nimman Road, known for its trendy cafes, restaurants, shops, and nightlife. This prime location makes it ideal for both personal living and high-demand rentals. 
    • Fully Furnished and Ready to Move In: This condo comes fully furnished and equipped with everything you need, including a digital door lock for added security, smart TVs for entertainment, efficient air conditioning, and all essential kitchen appliances. Simply bring your suitcase!
    • Peaceful and Secure Living: Enjoy a quiet and mature neighborhood within a well-maintained building. The condo offers secure key card access and nighttime security for your peace of mind. Low monthly maintenance fees of only 1,343 Baht add to the appeal. 
    • Convenient Parking: On-site parking is available, eliminating the hassle of finding a parking spot in this popular area.
    Nearby Amenities (Within Easy Reach): 
    • Green Space and Recreation: Just a 3-minute walk to a beautiful health park, perfect for morning jogs or relaxing strolls.
    • Shopping and Dining: Within 5 minutes, you'll find Nimman One Mall, Ton Payom Market (for fresh local produce), Maya Lifestyle Shopping Center, and Chiang Mai University.
    • Healthcare: Suan Dok Hospital is just an 8-minute drive away.
    Investment Highlights: 
    • High Rental Potential: The prime Nimman location ensures high rental demand, making this an excellent investment opportunity.
    • Foreign Freehold Available: Foreigners can own this condo outright 

    Features

    Covered ParkingCovered Parking

    Basic Information

    Date Listed Jan 23, 2025
    Updated 2 days ago
    Property Type Condo
    Floor 6
    Bedrooms 2
    Size 58 SqM
    Price per SqM £1,530
    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, 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) City View, Unblocked Open 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.
    £28/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U2001822

    Investment Opportunity: Charges & Yield

    Sale Price
    £88,700
    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.
    £28/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 2 bedroom condos at Ruankam Tower Condominium, and the current sales price.
    7%

    Project Details

    Project Name: Ruankam Tower Condominium
    Developer: N/A
    Construction: Completed (Jan 2012)
    Floors: 8
    Buildings: N/A
    Units: 150
    Project Area: N/A
    Nearest Landmark Maya Lifestyle Shopping Center - 0.8 Km
    Location: Suthep, Chiang Mai
    Ruankam Tower Condominium Project Details

    Project Features

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

    Available Units at Ruankam Tower Condominium

    For Sale 4 For Rent 2
    • All
    • 1 Bed
    • 2 Beds
    Get notified when new homes are being added to Ruankam Tower Condominium
    View All (4)

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    Frequently Asked Questions

    No pets are allowed at Ruankam Tower Condominium unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
    Maya Lifestyle Shopping Center is the nearest Shopping Mall from Ruankam Tower Condominium 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 Ruankam Tower Condominium 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
    Suthep

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