The Shine Condominium

4.33 (2 Reviews)

Chang Khlan, Mueang Chiang Mai,Chiang Mai

Unit ID: U654524
5% Rental Yield
฿7,000,000
Bedroom
1 Bedroom
Bathroom
1 Bathroom
Indoor Area
80 SqM Size
Floors
12 Floor
Construction
Aug 2014 Completed

1 Bedroom Condo for sale at The Shine Condominium

This property is a 80 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the The Shine Condominium project in Chang Khlan, Chiang Mai and was completed in Aug 2014. You can buy this condo for a base price of ฿7,000,000 (฿87,500/SqM).

Features

BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave OvenOven TVTV

Basic Information

Property Type Condo
Floor 12
Bedroom 1
Size 80 SqM
Price per SqM ฿87,500
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) City 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.
฿5,200/mo
Listed By
Private Owner
Date Listed Jan 15, 2021
Last Updated 6 months ago
Unit ID U654524

3D Walkthrough

Investment Opportunity: Charges & Yield

Sale Price
฿7,000,000
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.
฿5,200/mo
Est. Rent
฿27,600/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.
21
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 The Shine Condominium, and the current sales price.
5%

Project Details

Project Name: The Shine Condominium
Construction: Completed (Aug 2014)
Floors: 15
Buildings: 1
Units: 108
Project Area: 2,980 SqM
Nearest Landmark Chiang Mai International Airport - 3.9 Km
Location: Chang Khlan, Mueang Chiang Mai, Chiang Mai
The Shine Condominium Project Details

Project Features

On Site Restaurant On Site Restaurant
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
Library / Reading Room Library / Reading Room
Communal Garden Area Communal Garden Area
Key card access Key card access

Popular Facilities at The Shine Condominium

  • Communal Pool
    6th Floor
  • Communal Garden Area
    14th Floor
  • Communal Gym
    5th Floor
  • Sauna
    5th Floor

Available Units at The Shine Condominium

For Sale 8 For Rent 1
Get notified when new homes are being added to The Shine Condominium

Loan Calculator

Frequently asked questions

No pets are allowed at The Shine Condominium 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 ฿65 per square meter based on the size of indoor area of the property and is ฿5,200 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 The Shine Condominium the required payment for the sinking fund is ฿400 per square meter based on the size of the indoor area of the property.
Chiang Mai International Airport is the nearest Airport from The Shine Condominium and it is 3.9 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 The Shine 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

4.3 out of 5 4.33
Based on
2 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Another quality condo in Chiang Mai.
5 Carly Artiaga, United States, 1 year ago
Another quality condo in Chiang Mai. Good location near Chiang Mai Night Bazaar and Wualai Walking Street suitable for people who love a flea market like me. The room I bought has 1 bedroom, but it's 135 sq.m wide, much larger than other typical 1-bedroom units. The gym is relatively small, with a few gym equipment. The pool is clean as the staff takes good care of it. Worth paying!
The condo is located in good location
3.7 Jinlian Lee, China, 1 year ago
I made a long-term lease, and I was not disappointed at renting here. Apart from the convenient traveling, there are also many street food restaurants, and the prices are very cheap. I was able to travel to the Night Bazaar and chilled with my friends easily. Everything was inexpensive and easy to reach. My room is on the 7th floor, can get the wind from the balcony well. It didn't need to turn on the air conditioner in winter. The weather here is quite nice full of trees. The most important thing is it does not cheat the electricity bills like other apartments in Thailand.

Chiang Mai

Chang Khlan

Neighborhood Overview

Location and Neighborhood

Street View

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