Rajapruek Greenery Hill

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Mae Hia, Mueang Chiang Mai,Chiang Mai

Unit ID: U1799
7% Rental Yield
฿2,660,000 ฿2,711,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
48.94 SqM Size
Floors
2 Floor
Construction
Dec 2016 Completed

1 Bedroom Condo for sale at Rajapruek Greenery Hill

This property is a 48.94 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the Rajapruek Greenery Hill project in Mae Hia, Chiang Mai and was completed in Dec 2016. You can buy this condo for a base price of ฿2,660,000 (฿54,352/SqM).

Features

BalconyBalcony Full Western KitchenFull Western Kitchen Washing MachineWashing Machine OvenOven

Basic Information

Property Type Condo
Floor 2
Bedroom 1
Size 48.94 SqM
Price per SqM ฿54,352
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, Park View
Unit Type B
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.
฿2,447/mo
Listed By
Developer
Date Listed Nov 3, 2016
Last Updated 2 months ago
Unit ID U1799

3D Walkthrough

Price Analysis

Above Average
Estimated market value ฿2,233,423
Great
฿1,780,000
Good
Fair
Above
฿2,780,000
Current asking Price: ฿2,660,000 | Rental estimate: ฿15,300/mo
This condo is ฿426,577 ABOVE MARKET (19%) 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
฿2,660,000
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.
฿2,447/mo
Est. Rent
฿15,300/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.
15
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 Rajapruek Greenery Hill, and the current sales price.
7%

Project Details

Project Name: Rajapruek Greenery Hill
Construction: Completed (Dec 2016)
Floors: 5
Buildings: 1
Units: 54
Project Area: 4,003 SqM
Nearest Landmark Chiang Mai International Airport - 3.7 Km
Location: Mae Hia, Mueang Chiang Mai, Chiang Mai
Rajapruek Greenery Hill 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
Steam Room Steam Room
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area
Laundry Facilities / Dry Cleaning Laundry Facilities / Dry Cleaning
Back Up Generators Back Up Generators
Key card access Key card access

Popular Facilities at Rajapruek Greenery Hill

  • Communal Pool
    Ground Floor
  • Communal Gym
    Ground Floor

Available Units at Rajapruek Greenery Hill

For Sale 6 For Rent 1

Loan Calculator

Payment Plan

Installment Milestone Payment
Reservation Deposit
Immediately
฿10,000
1st Installment
Upon contract signing
฿50,000
2nd Installment
On handover
100%

Frequently asked questions

No pets are allowed at Rajapruek Greenery Hill unless specifically permitted by the juristic office. Exceptions can be made for service or guide dogs for persons with disabilities.
The common area maintenance fee is ฿50 per square meter based on the size of indoor area of the property and is ฿2,447 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 Rajapruek Greenery Hill the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Chiang Mai International Airport is the nearest Airport from Rajapruek Greenery Hill and it is 3.7 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 Rajapruek Greenery Hill you have to follow these steps:

  • - Agreement of terms and conditions
  • - Reservation Agreement
  • - Reservation Deposit
  • - Sales and Purchase Agreement
  • - Settlement & Transfer

 


Installment Milestone Payment
Reservation Deposit
Immediately
฿10,000
1st Installment
Upon contract signing
฿50,000
2nd Installment
On handover
100%

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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Chiang Mai

Mae Hia

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