1 Bedroom Condo for sale at V Residence

3.83 (1 Review)
Chang Phueak, Mueang Chiang Mai,Chiang Mai
Unit ID: U870
5% Rental Yield
฿3,267,381
1 Bedroom
1 Bathroom
47.67 SqM Size
6 Floor
Dec 2014 Completed

About This Condo

This property is a 47.67 SqM condo with 1 bedroom and 1 bathroom that is available for sale. It is part of the V Residence project in Chang Phueak, Chiang Mai and was completed in Dec 2014. You can buy this condo for a base price of ฿3,267,381 (฿68,542/SqM).

Basic Information

Property Type Condo
Floor 6
Bedroom 1
Size 47.67 SqM
Price per SqM ฿68,542
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%.

N/A
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) Blocked View
Unit Type 1Dplx
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.
฿1,668/mo
Listed By
Developer
Date Listed Nov 3, 2016
Last Updated 3 years ago
Unit ID U870

Investment Opportunity: Charges & Yield

Sale Price
฿3,267,381
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.
฿1,668/mo
Est. Rent
฿13,200/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.
20
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 V Residence, and the current sales price.
5%

Project Details

Project Name: V Residence
Developer: N/A
Construction: Completed (Dec 2014)
Floors: 7
Buildings: N/A
Units: 138
Project Area: N/A
Nearest Landmark Maya Lifestyle Shopping Center - 0.8 Km
Location: Chang Phueak, Mueang Chiang Mai, Chiang Mai
V Residence Project Details

Project Features

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

Available Units at V Residence

For Sale 3 For Rent 1
Get notified when new homes are being added to V Residence

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Frequently Asked Questions

No pets are allowed at V Residence 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 ฿35 per square meter based on the size of indoor area of the property and is ฿1,668 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 V Residence the required payment for the sinking fund is ฿300 per square meter based on the size of the indoor area of the property.
Maya Lifestyle Shopping Center is the nearest Shopping Mall from V Residence and it is 0.8 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 V Residence 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

3.8 out of 5 3.83
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
The place is clean, but there is not enough parking space.
3.8 James Kittichai, Thailand, 1 year ago
The environment here is clean and tidy. The staff is ready to assist and provide good advice. You can rent here on a daily or monthly basis. The food at the restaurant is delicious, but the parking lot, which is quite small, may not be suitable for people who have a car. However, it meets the needs of both family and friends looking for a place to relax or travel at a reasonable price. The surroundings are also not desolate. There are many hotels and apartments to select from. In addition, the hotel is close to Chiang Mai Zoo and Chiang Mai University.
Chiang Mai
Chang Phueak

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