1 Bedroom Condo for sale at Palm Springs Nimman (Parlor)

5 (1 Review)
Suthep, Mueang Chiang Mai,Chiang Mai
Unit ID: U79694
6% Rental Yield
฿3,500,000 ฿3,750,000
1 Bedroom
1 Bathroom
34.92 SqM Size
7 Floor
Aug 2016 Completed

About This Condo

This property is a 34.92 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Palm Springs Nimman (Parlor) project in Suthep, Chiang Mai and was completed in Aug 2016. You can buy this condo for a base price of ฿3,500,000 (฿100,229/SqM) and it is also available for long term rentals starting from ฿17,000 per month.

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 7
Bedroom 1
Size 34.92 SqM
Price per SqM ฿100,229
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%.

Foreign 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) 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.
N/A
Listed By
Private Owner
Date Listed Jul 19, 2018
Last Updated 2 years ago
Unit ID U79694

3D Walkthrough

Price Analysis

Above Average
Estimated market value ฿2,893,239
Great
฿2,070,000
Good
Fair
Above
฿3,850,000
Current asking Price: ฿3,500,000 | Advertised rental rate: ฿17,000/mo
This condo is ฿606,761 ABOVE MARKET (21%) 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
฿3,500,000
Rent
฿17,000/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

Construction: Completed (Aug 2016)
Floors: 8
Buildings: 1
Units: 96
Project Area: 1,400 SqM
Nearest Landmark Han Teung Chiang Mai ( @Chiang Mai ) - 0.4 Km
Location: Suthep, Mueang Chiang Mai, Chiang Mai
Palm Springs Nimman (Parlor) Project Details

Project Features

Communal Pool Communal Pool
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Popular Facilities at Palm Springs Nimman (Parlor)

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

Available Units at Palm Springs Nimman (Parlor)

For Sale 2 For Rent 2
Get notified when new homes are being added to Palm Springs Nimman (Parlor)

Loan Calculator

Frequently Asked Questions

No pets are allowed at Palm Springs Nimman (Parlor) unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
Han Teung Chiang Mai ( @Chiang Mai ) is the nearest Neighborhood from Palm Springs Nimman (Parlor) and it is 0.4 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 Palm Springs Nimman (Parlor) 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

Do you own a property at Palm Springs Nimman (Parlor)?

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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
Location in the heart of Nimman area
5 Nayoung Park, South Korea, 1 year ago
If you want to relax in Chiang Mai, this is the place to be. The condo is in the heart of the Nimman neighborhood, which is surrounded by various amenities, such as shops, restaurants, and shopping malls. The project also has a rooftop with a swimming pool and a lovely fitness center. The rooms here are a small one-bedroom and decorated in a modern style. The staff is also friendly and helpful. Only a few Chinese residents live here. Most of the neighbors are Westerners and Koreans. The rental cost is also reasonable, which is amazing.
Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

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Projects Nearby Palm Springs Nimman (Parlor)

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
96
Sales Prices
฿3.02M - ฿3.31M
▲ 7% overpriced
Monthly Rentals
฿13.6K
Year Built
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Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
68
Sales Prices
฿3.27M - ฿3.7M
▲ 12.5% overpriced
Monthly Rentals
N/A
Year Built
Dec 2017
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
62
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฿2.92M
▼ -4.5% underpriced
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
45
Sales Prices
฿1.46M
Monthly Rentals
N/A
Year Built
Jan 1990
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
587
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฿1.75M - ฿24.4M
▼ -4.6% underpriced
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฿7.31K - ฿28.3K
Year Built
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Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
88
Sales Prices
฿1.27M
Monthly Rentals
N/A
Year Built
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Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
300
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฿1.36M - ฿5.85M
▼ -35% underpriced
Monthly Rentals
N/A
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Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
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Monthly Rentals
N/A
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Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
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Monthly Rentals
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Year Built
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Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
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Sales Prices
฿3.66M - ฿6.61M
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Monthly Rentals
N/A
Year Built
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Completion Status
Completed
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