Escent Condo

5 (1 Review)

Fa Ham, Mueang Chiang Mai,Chiang Mai

Unit ID: U86102
6% Rental Yield
฿2,900,000 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
32 SqM Size
Floors
23 Floor
Construction
May 2018 Completed

1 Bedroom Condo for sale at Escent Condo

This property is a 32 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Escent Condo project in Fa Ham, Chiang Mai and was completed in May 2018. You can buy this condo for a base price of ฿2,900,000 (฿90,625/SqM) and it is also available for long term rentals starting from ฿14,000 per month.

Features

Covered ParkingCovered Parking BalconyBalcony

Basic Information

Property Type Condo
Floor 23
Bedroom 1
Size 32 SqM
Price per SqM ฿90,625
Condo Ownership

Foreign nationals can be freehold owners of condominium units, in buildings where not 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 that 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) Mountain View
Unit Type N/A
Building N/A
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,440/mo
Listed By
Private Owner
Date Listed Oct 5, 2018
Last Updated 5 months ago
Unit ID U86102

Price Analysis

Great Price
Estimated market value ฿4,984,539
Great
฿4,080,000
Good
Fair
Above
฿6,800,000
Current asking Price: ฿2,900,000 | Advertised rental rate: ฿14,000/mo
This condo is ฿2,084,539 BELOW MARKET (-42%) in the Chiang Mai area. It is analyzed against similar condos and is based on previous transaction data, the current market situation, neighborhood details, and the specific details of this property.
Powered by FazWaz AVM

Investment Opportunity: Charges & Yield

Sale Price
฿2,900,000
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿1,440/mo
Rent
฿14,000/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. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
6%

Project Details

Project Name: Escent Condo
Developer: N/A
Construction: Completed (May 2018)
Floors: 26
Buildings: N/A
Units: 400
Project Area: N/A
Nearest Landmark Chiang Mai Bus Terminal 2 Arcade - 0.6 Km
Location: Fa Ham, Mueang Chiang Mai, Chiang Mai
Escent Condo Project Details

Project Features

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

Loan Calculator

Frequently asked questions

The common area maintenance fee is ฿45 per square meter based on the size of indoor area of the property and is ฿1,440 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.
Chiang Mai Bus Terminal 2 Arcade is the nearest Bus Terminal from Escent Condo and it is 0.6 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 Escent Condo 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

Sale Price : ฿5,759,000
Fazwaz Estimate : ฿5,550,000
Price Rating : Great Price
Sale Price : ฿12,140,999
Fazwaz Estimate : ฿11,990,999
Price Rating : Great Price
Sale Price : ฿1299,999
Fazwaz Estimate : ฿179,999
Price Rating : Overpriced
Sale Price : ฿159,999
Fazwaz Estimate : ฿149,999
Price Rating : Fair Price

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Reviews

5 out of 5 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Very worthwhile!
5 Layla T., Australia, 2 years ago
It is a luxurious condo with an extensive range of facilities. It's located on Chiang Mai - Doi Saket Road, next to Central Festival Chiang Mai, making it very easy to get around. I bought three rooms here for renting out; all are studio rooms on different floors. It is considered the most worthwhile investment that I have ever been invested in. It comes at an affordable price with a complete set of furniture, so I don't need to buy anything. I can also make the profit from the rental as an installment payment of the bank loan. Very worthwhile!

Chiang Mai

Fa Ham

Neighborhood Overview

Location and Neighborhood

Street View

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Completion Status
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Project Name
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Completion Status
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Project Name
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