Play Condominium

5 (1 Review)

Suthep, Mueang Chiang Mai,Chiang Mai

Unit ID: U30067
6% Rental Yield
฿4,376,332 Great Price
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
48.68 SqM Size
Floors
4 Floor
Construction
Apr 2016 Completed

1 Bedroom Condo for sale at Play Condominium

This property is a 48.68 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Play Condominium project in Suthep, Chiang Mai and was completed in Apr 2016. You can buy this condo for a base price of ฿4,376,332 (฿89,900/SqM).

Features

BalconyBalcony

Basic Information

Property Type Condo
Floor 4
Bedroom 1
Size 48.68 SqM
Price per SqM ฿89,900
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) City View
Unit Type 1 BR
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.
฿2,191/mo
Listed By
Developer
Date Listed Jul 27, 2017
Last Updated 2 years ago
Unit ID U30067

Price Analysis

Great Price
Estimated market value ฿5,083,232
Great
฿5,080,000
Good
Fair
Above
฿5,310,000
Current asking Price: ฿4,376,332 | Rental estimate: ฿20,700/mo
This condo is ฿706,900 BELOW MARKET (-14%) 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
฿4,376,332
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.
฿2,191/mo
Est. Rent
฿20,700/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.
18
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 1 bedroom condos at Play Condominium, and the current sales price.
6%

Project Details

Project Name: Play Condominium
Developer: N/A
Construction: Completed (Apr 2016)
Floors: 6
Buildings: N/A
Units: 65
Project Area: N/A
Nearest Landmark Maya Lifestyle Shopping Center - 0.1 Km
Location: Suthep, Mueang Chiang Mai, Chiang Mai
Play Condominium Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Jacuzzi Jacuzzi
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Available Units at Play Condominium

For Sale 7 For Rent 1
Get notified when new homes are being added to Play Condominium

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 ฿2,191 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 Play Condominium the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Maya Lifestyle Shopping Center is the nearest Shopping Mall from Play Condominium and it is 0.1 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 Play 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

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
Perfect condo!
5 Max Corral, Mexico, 2 years ago
I don't think I can explain how perfect the condo is in one hour because it's equipped with everything you need. The location is in the Nimmanhaemin area, convenient for living. On the opposite side, there is a night market such as Kad Rin Kham Market, Maya shopping mall, and many cute coffee shops. The project has a rooftop swimming pool that might look a bit small but has a good atmosphere. There are comfortable beds and a small bar as well. The bedroom I rented has a large one bedroom that is just perfect for two people. It's modernly decorated. The bed is super soft and comfortable. The furniture is brand new. The view from the room is a beautiful mountain view. Oh, I forgot to tell you that there is a maid service available for 400 baht a day.

Chiang Mai

Suthep

Neighborhood Overview

Location and Neighborhood

Street View

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