3 Bedroom House for sale at Palm Ville Khuang Sing Intersection-Chotana Rd.

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Chang Phueak, Mueang Chiang Mai,Chiang Mai
Unit ID: U1851264
12% Rental Yield
3 Bedrooms
3 Bathrooms
234 SqM Indoor Area
2 Storeys
Aug 2022 Completed

About This House

This property is a 234 SqM house with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the project in Chang Phueak, Chiang Mai and was completed in Aug 2022. You can buy this house for a base price of £166,000 (£707/SqM).

Good Area Corner House next to the Garden at Palm Ville

Homepage Project Palm City Singha News by Palm Springs-House on corner) Suthep Mountain View- Near Nimmarn Rd. 7 min- Near Tanin Market- Near Lanna Hospital- Clubhouse and fitness - Center-24-hour security-CCTV around the Village

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Date Listed May 29, 2024
Updated 3 weeks ago
Property Type House (Single Detached)
Storeys 2
Location Chang Phueak, Chiang Mai
Bedrooms 3
Nearest Landmark Lanna Golf Course -0.3 Km
Indoor Area 234 SqM
Price per SqM £707
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 269.20 SqM
Pets Cats and Dogs (small only)
House Ownership

Foreign nationals can own the building (house) in their own name, but not the land that it stands on.

Thai Ownership
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Thai Ownership
Land Title Deed Chanote
Construction Completed (Aug 2022)
Furniture
Unfurnished
View(s) Garden View
Unit Type N/A
Parking Spots 3
Pool Size 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.
£31/mo
Listed By
Private Owner
Electricity Price N/A
Water Price N/A
Unit ID U1851264

Investment Opportunity: Charges & Yield

Sale Price
£166,000
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.
£31/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.
9
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 3 bedroom houses at Palm Ville Khuang Sing Intersection-Chotana Rd., and the current sales price.
12%

Project Details

Construction: Completed (Jan 2021)
Units: 315
Project Area: 131,360 SqM
Nearest Landmark Lanna Golf Course - 0.3 Km
Location: Chang Phueak, Chiang Mai
Palm Ville Khuang Sing Intersection-Chotana Rd. Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)

Popular Facilities at Palm Ville Khuang Sing Intersection-Chotana Rd.

  • Clubhouse
    1st Floor
  • Communal Pool
    1st Floor
  • Communal Gym
    1st Floor

Available Units at Palm Ville Khuang Sing Intersection-Chotana Rd.

For Sale 1 For Rent 1
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Frequently Asked Questions

All kind of pets are allowed at Palm Ville Khuang Sing Intersection-Chotana Rd. including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee is £0 per square meter based on the plot size of the property and is £31 for this house. 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.
Lanna Golf Course is the nearest Golf from Palm Ville Khuang Sing Intersection-Chotana Rd. and it is 0.3 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand, non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years, and most developers will offer 3 terms for a total of 90 years.

 

Read more here

After you have found the right property at Palm Ville Khuang Sing Intersection-Chotana Rd. you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer
Installment Milestone Payment
Reservation Deposit
Immediately
£457
1st Installment
Upon contract signing
£2,280
Down Payment
During th construction
10%
3rd Installment
On handover
90%


Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property, it is important to secure a copy of the lease agreement or get further clarity on these three points.

  • - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual.

  • - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

  • - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

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
Chang Phueak

Neighborhood Overview

Location and Neighborhood

Street View

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Project Name
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