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    Studio Condo for sale at The New Concept Pool Garden
    Mae Hia, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    £40,500
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    Studio Condo for sale at The New Concept Pool Garden

     (Write Review)
    Mae Hia, Mueang Chiang Mai,Chiang Mai
    Unit ID: U1725762
    8% GUAR. RETURN FOR 10 YEARS
    Studio Bedroom
    1 Bathroom
    60 SqM Size
    2 Floor
    18 Months Made To Order
     (Write Review)
    Sale Price
    £40,500
    8

    About This Condo

    This property is a 60 SqM studio condo with 1 bathroom that is available for sale. It is part of the project in Mae Hia, Chiang Mai and will be built within 18 months of purchase. You can buy this condo for a base price of £40,500 (£675/SqM).

    Features

    BalconyBalcony BathtubBathtub

    Basic Information

    Date Listed Jan 31, 2024
    Updated 6 months ago
    Property Type Condo
    Floor 2
    Bedroom Studio
    Size 60 SqM
    Price per SqM £675
    Pets N/A
    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
    Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
    Partly Furnished
    View(s) Pool View, 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.
    £63/mo
    Listed By
    Private Owner
    Electricity Price N/A
    Water Price N/A
    Unit ID U1725762

    Investment Opportunity: Charges & Yield

    Sale Price
    £40,500
    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.
    £63/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
    10 Years

    Project Details

    Project Name: The New Concept Pool Garden
    Developer: N/A
    Construction: Made To Order (18 Months)
    Floors: 3
    Buildings: N/A
    Units: 311
    Project Area: N/A
    Nearest Landmark N/A
    Location: Mae Hia, Chiang Mai
    The New Concept Pool Garden Project Details

    Project Features

    Hotel Managed Hotel Managed
    On Site Restaurant On Site Restaurant
    Communal Pool Communal Pool
    Jacuzzi Jacuzzi
    Communal Gym Communal Gym
    Bar Bar
    Clubhouse Clubhouse
    24H Security 24H Security
    CCTV (Video Surveillance) CCTV (Video Surveillance)
    Car Parking Car Parking
    Steam Room Steam Room
    Reception / Lobby Area Reception / Lobby Area

    Available Units at The New Concept Pool Garden

    • All
    • Studio
    Get notified when new homes are being added to The New Concept Pool Garden
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    Frequently Asked Questions

    The common area maintenance fee is £1 per square meter based on the size of indoor area of the property and is £63 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 Pool Garden the required payment for the sinking fund is £12 per square meter based on the size of the indoor area of the property.
    The New Concept Pool Garden offers a guaranteed rental return of 8% (based on the purchase price of the property) for a duration of 10 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 Pool Garden 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
    Mae Hia

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