1 Bedroom Condo for sale at Punna Residence 2 at Nimman

5 (1 Review)
Suthep, Mueang Chiang Mai,Chiang Mai
Unit ID: U172262
5% Rental Yield
฿5,600,000 Great Price
1 Bedroom
1 Bathroom
77 SqM Size
Nov 2010 Completed

About This Condo

This property is a 77 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Punna Residence 2 at Nimman project in Suthep, Chiang Mai and was completed in Nov 2010. You can buy this condo for a base price of ฿5,600,000 (฿72,727/SqM) and it is also available for long term rentals starting from ฿21,000 per month.

Spacious 1BR corner room with noise reduction windows

Newly decorated 1BR & bathroom corner unit, fully furnished with western kitchen. - large living cum dining room.- 2 x aircons.- double glazed windows for noise reduction and insulation.- 77 sqmts, large wrap around L shaped balcony with patio furniture.- 2 x TV in living and bed rooms- hot water in bathroom and kitchen- bathtub- kitchen fitted with 4 hob cooker- oven, microwave oven, washing machine, blender, cutlery, crockery, pots and pans- common area pool & fitness centre

Features

Private GymPrivate Gym Private LiftPrivate Lift Corner UnitCorner Unit BalconyBalcony Full Western KitchenFull Western Kitchen BathtubBathtub Fully RenovatedFully Renovated Washing MachineWashing Machine MicrowaveMicrowave OvenOven TVTV

Basic Information

Property Type Condo
Floor N/A
Bedroom 1
Size 77 SqM
Price per SqM ฿72,727
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) Mountain 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.
฿2,310/mo
Listed By
Private Owner
Date Listed Sep 11, 2019
Last Updated 4 days ago
Unit ID U172262

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿8,649,552
Great
฿8,550,000
Good
Fair
Above
฿9,850,000
Current asking Price: ฿5,600,000 | Advertised rental rate: ฿21,000/mo
This condo is ฿3,049,552 BELOW MARKET (-35%) 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
฿5,600,000
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.
฿2,310/mo
Rent
฿21,000/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.
22
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.
5%

Project Details

Developer: Punna Development
Construction: Completed (Nov 2010)
Floors: 8
Buildings: N/A
Units: 79
Project Area: N/A
Nearest Landmark Han Teung Chiang Mai ( @Chiang Mai ) - 0.2 Km
Location: Suthep, Mueang Chiang Mai, Chiang Mai
Punna Residence 2 at Nimman Project Details

Project Features

Communal Pool Communal Pool
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 Punna Residence 2 at Nimman

For Sale 2 For Rent 1
Get notified when new homes are being added to Punna Residence 2 at Nimman

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Frequently Asked Questions

The common area maintenance fee is ฿30 per square meter based on the size of indoor area of the property and is ฿2,310 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.
Han Teung Chiang Mai ( @Chiang Mai ) is the nearest Neighborhood from Punna Residence 2 at Nimman and it is 0.2 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 Punna Residence 2 at Nimman 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 Punna Residence 2 at Nimman?

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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
This place is the BEST!
5 Jutimek R., Thailand, 3 years ago
I work in this area, and I'm looking for a place to live in the city that fits my lifestyle. Then I discovered it here; it is in Nimman city and is complete in all aspects, including restaurants, cafes, malls, and tourist attractions. It's considered complete all in one. It is also only a 15-minute drive to Chiang Mai International Airport. Aside from that, despite being in the heart of the city, the project ambiance is pleasant. The project is surrounded by lush green plants, and the swimming pool is also in good condition. The staff is wonderful. My room is on the 3rd floor. It's a spacious 1 bedroom unit, with high-quality furnishings. The monthly rental price is reasonable. I have nothing to complain about here. I recommend it if you like comfort and convenience. This place is the BEST!
Chiang Mai
Suthep

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Projects Nearby Punna Residence 2 at Nimman

Location
Number of units
Sales Prices
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Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
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Year Built
Completion Status
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
370
Sales Prices
฿1.55M - ฿23.4M
▼ -19.7% underpriced
Monthly Rentals
฿17.5K - ฿87.7K
Year Built
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Number of units
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฿14.6K - ฿48.7K
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Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
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150
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฿1.46M
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Year Built
Jan 2012
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Number of units
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฿2.44M - ฿4.39M
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N/A
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฿3.66M - ฿6.61M
▼ -12.8% underpriced
Monthly Rentals
N/A
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Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
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฿1.36M - ฿2.62M
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Suthep, Mueang Chiang Mai, Chiang Mai
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Location
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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
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Monthly Rentals
฿9.75K
Year Built
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Completed
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