My Hip Condo

4.19 (6 Reviews)

Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai

Unit ID: U1653
5% Rental Yield
฿4,350,800 ฿4,811,600 Great Price
Bedroom
2 Bedrooms
Bathroom
2 Bathrooms
Indoor Area
61.44 SqM Size
Floors
6 Floor
Construction
Nov 2014 Completed

2 Bedroom Condo for sale at My Hip Condo

This property is a 61.44 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the My Hip Condo project in Nong Pa Khrang, Chiang Mai and was completed in Nov 2014. You can buy this condo for a base price of ฿4,350,800 (฿70,814/SqM).

Features

Corner UnitCorner Unit BalconyBalcony

Basic Information

Property Type Condo
Floor 6
Bedrooms 2
Size 61.44 SqM
Price per SqM ฿70,814
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, Thai Quota, Company
Furniture
Partly furnished means the property contains the basics i.e. beds, sofa, table and chairs, wardrobes but no electronic appliances, utensils and glassware in the kitchen.
Partly Furnished
View(s) City View
Unit Type 2 Bedroom
Building N/A
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿2,150/mo
Listed By
Developer
Date Listed Nov 3, 2016
Last Updated 1 year ago
Unit ID U1653

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿4,662,940
Great
฿4,010,000
Good
Fair
Above
฿4,930,000
Current asking Price: ฿4,350,800 | Rental estimate: ฿19,500/mo
This condo is ฿312,140 BELOW MARKET (-7%) 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
฿4,350,800
CAM Fee
These common area maintenance (CAM) fees are paid by owners for the upkeep of the common areas of condominiums and housing projects. For new residential developments, it is common to pay up to 1-3 years’ management fees in advance upon the transfer of the unit’s ownership.
฿2,150/mo
Est. Rent
฿19,500/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 2 bedroom condos at My Hip Condo, and the current sales price.
5%

Project Details

Project Name: My Hip Condo
Construction: Completed (Nov 2014)
Floors: 7
Buildings: N/A
Units: 328
Project Area: N/A
Nearest Landmark Bangkok Hospital Chiang Mai - 1.4 Km
Location: Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
My Hip Condo Project Details

Project Features

Hotel Managed Hotel Managed
Communal Pool Communal Pool
Communal Gym Communal Gym
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Indoor Kids Zone Indoor Kids Zone
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Loan Calculator

Payment Plan

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

Frequently asked questions

No pets are allowed at My Hip Condo 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 ฿2,150 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 My Hip Condo the required payment for the sinking fund is ฿350 per square meter based on the size of the indoor area of the property.
Bangkok Hospital Chiang Mai is the nearest Hospital from My Hip Condo and it is 1.4 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 My Hip Condo 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
฿100,000
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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Reviews

4.2 out of 5 4.19
Based on
6 Reviews
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Great Condo in the prime area
4.8 Corrie Covey, United States, 10 months ago
I've been here for about a year now. Overall, it is quite satisfying both in terms of location and room. It's near Big C Extra, Platinum, and Makro, making my daily routine much easier. Also, on Thursday-Saturday, there is a walking street where I can hang out after work. For me, I have a motorbike to get around. It's quite convenient even you don't have a car because you can walk for 5 minutes to catch the red minibus. The room I stay in is a one-bedroom unit that is in a perfect size. It doesn't make me feel cramped at all. Perhaps, it's because the ceiling is around 3 meters high, making the room look airier and comfortable. It makes me feel like living in a single-detached house. My room comes with full-furnished furniture, so I don't need to waste my time choosing it. The facilities include a swimming pool, a gym, and a garden. They are in every building, making it adequate and more convenient for all residents. I think this place is also worth the investment. When I move out, I can still rent out the place for tourists, students, or working people. I highly recommend it!
This is such a livable condo
4.7 Alana Cobbins, United States, 1 year ago
I have a room here with one bedroom on the 3rd floor. The room is 40 sq.m wide, fully-furnished, and the layout is divided into functional proportion. The communal swimming pool is wide, and the garden is just perfect for relaxation. Pleasant atmosphere and good staff! This is such a livable condo.
Stay safe and comfortable
4.5 Cleotilde Rafter, Canada, 2 years ago
This condo suits for real relaxation because it is a beautiful condo and complete facilities. Besides, the room I rented was neatly decorated. All the furniture is quality, and the areas are divided into zones; it is the perfect size for 2 bedrooms. Moreover, it is close to Bangkok Hospital Chiang Mai and Wiang Kum Kam, convenient for traveling as it is located in a prosperous area. It is such an excellent place to stay.
Spacious common area, convenient transportation near the mall
3.2 Caihong Feng, China, 2 years ago
The communal areas here are designed amazingly. It can be said that it is worth the money paid. The residence is located in the center of Chiang Mai and is considered okay. It is also not far from Central Festival Chiang Mai. However, it used to have a problem with a power drain. Anyway, it was considered good maintenance. Besides, the pool here is clean, and the staff is always taking care of it. Although it has been constructed for many years, the structure still looks new, and t he lobby is spacious. The room downstairs is too dark, but the rooms on the upper floor give mountain views, well-ventilation !!
Big room and clean
4.3 Jaehong Park, South Korea, 2 years ago
There's no need to explain a lot about this project. It is excellent; the room is spacious, new, and clean. Located in a perfect location next to Big C, Index Living Malls, and the Green Market Walking Street, within walking distance. There is a swimming pool, a gym and parking space available for residents. My room is a 1-bedroom room with standard furniture and an ensuite bathroom. The owner was very kind. Very impressed!
Good location, suitable
3.7 Lashay Vartanian, Brazil, 2 years ago
The condo is in an excellent location, convenient to travel to because it's in Chiang Mai Town, close to the Central Festival shopping mall and the Chiang Mai Bus Terminal 2. The condo is modernly designed to meet the needs and benefits of the residents. The furniture used in this project is in good quality - strong and durable. It's suitable for living. The facilities such as swimming pool, garden, and fitness are in good condition. This area is taken care of very well. Although it is not the latest project, the overall condition doesn't look old at all.

Chiang Mai

Nong Pa Khrang

Neighborhood Overview

Location and Neighborhood

Street View

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