Monotown2 Suthep

4.83 (1 Review)

Suthep, Mueang Chiang Mai,Chiang Mai

Unit ID: U652894
฿3,490,000 Great Price
Bedroom
3 Bedrooms
Bathroom
4 Bathrooms
Indoor Area
150 SqM Indoor Area
Stairs
3 Storeys
Construction
Dec 2020 Completed

3 Bedroom Townhouse for sale at Monotown2 Suthep

This property is a 150 SqM townhouse with 3 bedrooms and 4 bathrooms that is available for sale. It is part of the Monotown2 Suthep project in Suthep, Chiang Mai and was completed in Dec 2020. You can buy this townhouse for a base price of ฿3,490,000 (฿23,267/SqM).

Features

Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

Basic Information

Property Type Townhouse
Storeys 3
Location Suthep, Mueang Chiang Mai, Chiang Mai
Bedrooms 3
Nearest Landmark Chiang Mai International Airport -0.7 Km
Indoor Area 150 SqM
Price per SqM ฿23,267
Outdoor Area
This is the combined size of the terrace, pool, parking area, and sala. It does not include the size of the garden.
N/A
Plot Size 88 SqM
Townhouse Ownership

Foreign nationals can own the building (townhouse) in their own name but not the land that it stands on.

Foreign Ownership, Thai Ownership, Company
Land Ownership

Foreign nationals cannot own land in Thailand. The options in which a foreigner can control the land are via a 30-year lease or by purchasing the land through a Thai company.

Thai Ownership, Company
Land Title Deed N/A
Construction Completed (Dec 2020)
Furniture
Unfurnished
View(s) Garden View
Unit Type Type B
Parking Spots N/A
Pool Size 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.
฿2,000/mo
Listed By
Developer
Date Listed Jan 8, 2021
Last Updated 9 months ago
Unit ID U652894

Price Analysis

Good Price
Estimated market value ฿3,524,660
Great
฿3,360,000
Good
Fair
Above
฿3,840,000
Current asking Price: ฿3,490,000
This townhouse is ฿34,660 BELOW MARKET (-1%) in the Chiang Mai area. It is analyzed against similar townhouses 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
฿3,490,000
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.
฿2,000/mo

Project Details

Project Name: Monotown2 Suthep
Construction: Off Plan (Dec 2021)
Units: 55
Project Area: 6,400 SqM
Nearest Landmark Chiang Mai International Airport - 0.7 Km
Location: Suthep, Mueang Chiang Mai, Chiang Mai
Monotown2 Suthep Project Details

Project Features

Communal Pool Communal Pool
Clubhouse Clubhouse
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Communal Garden Area Communal Garden Area

Popular Facilities at Monotown2 Suthep

  • Communal Pool
    Ground Floor

Available Units at Monotown2 Suthep

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Available Units at Monotown2 Suthep
฿37,267
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 88 SqM Plot Size
Unfurnished Garden View
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Compare
Available Units at Monotown2 Suthep
฿24,600
Beds 3 Beds
Baths 4 Baths
Size 150 SqM Size
Plot Size 104 SqM Plot Size
Unfurnished Garden View
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Compare
Available Units at Monotown2 Suthep
฿22,600
Good Price
Beds 3 Beds
Baths 4 Baths
Size 150 SqM Size
Plot Size 88 SqM Plot Size
Unfurnished Garden View
Favorite
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Available Units at Monotown2 Suthep
฿23,267
Good Price
Beds 3 Beds
Baths 4 Baths
Size 150 SqM Size
Plot Size 88 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿22,600
Great Price
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 88 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿22,600
Good Price
Beds 3 Beds
Baths 4 Baths
Size 150 SqM Size
Plot Size 88 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿23,267
Good Price
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 91.20 SqM Plot Size
Unfurnished Garden View
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Available Units at Monotown2 Suthep
฿28,600
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 148 SqM Plot Size
Unfurnished Garden View
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Available Units at Monotown2 Suthep
฿22,600
Great Price
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 88 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿22,600
Great Price
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 88 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿23,933
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 92.80 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿22,600
Good Price
Beds 3 Beds
Baths 4 Baths
Size 150 SqM Size
Plot Size 88 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿24,600
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 89.60 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿23,267
Good Price
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 91.20 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿23,933
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 98 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿23,267
Good Price
Beds 3 Beds
Baths 4 Baths
Size 150 SqM Size
Plot Size 88 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿24,600
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 106.40 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿22,600
Good Price
Beds 3 Beds
Baths 4 Baths
Size 150 SqM Size
Plot Size 88 SqM Plot Size
Unfurnished Garden View
Favorite
Compare
Available Units at Monotown2 Suthep
฿23,267
Good Price
Beds 3 Beds
Baths 3 Baths
Size 150 SqM Size
Plot Size 90.80 SqM Plot Size
Unfurnished Garden View
Get notified when new homes are being added to Monotown2 Suthep

Loan Calculator

Payment Plan

Completed House
Installment Milestone Payment
Reservation Deposit
Immediately
฿20,000
1st Installment
Upon contract signing
฿100,000
2nd Installment
On handover
100%
Off Plan House
Installment Milestone Payment
Reservation Deposit
Immediately
฿20,000
Down Payment
Upon contract signing
100,000%
2nd Installment
8 months installment
10%
2nd Installment
On handover
90%

Frequently asked questions

All kind of pets are allowed at Monotown2 Suthep including dogs, cats, rabbits, hamsters, guinea pigs, birds, and reptiles.
The common area maintenance fee for properties at Monotown2 Suthep is a fixed amount of ฿2,000. This amount 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.
Chiang Mai International Airport is the nearest Airport from Monotown2 Suthep and it is 0.7 km away.

The building (the bricks and mortar) can be owned by a non-Thai national outright in their name in what is called the house registry which secures ownership indefinitely of the structure. 

In Thailand non-Thai nationals cannot own land outright in their name. Land can be controlled through either a Thai Company or a long-term registered lease. The longest registered lease term by Thai law is 30 years and most developers will offer 3 terms for a total of 90 years.

 

Read more here

A 30-year lease period is legally protected under Thai law and ownership cannot be disrupted. It is common for developers to offer an additional two terms of 30 contractually obligating a total of 90 years. 

Prior to purchasing a leasehold property it is important to secure a copy of the lease agreement or get further clarity on these three points.

#1 - Who is the lessor? (an individual or a Thai Company) Securing a lease from a Thai Company offers much more security than a private individual. 

#2 - Do I have voting rights as a Lessee? (Some lease contracts do not allow lessee to have voting rights)

#3 - Is there a succession clause in the lease agreement that will allow inheritance of the lease?

 

Read more here

After you have found the right property at Monotown2 Suthep you have to follow these steps:

 

  • Unit selection and agreement of terms and conditions 

  • Reservation Agreement

  • Reservation Deposit 

  • Sales and Purchase Agreement

  • 1st Contract Payment 

  • Payment Installments

  • Snag List

  • Transfer

 


Completed House
Installment Milestone Payment
Reservation Deposit
Immediately
฿20,000
1st Installment
Upon contract signing
฿100,000
2nd Installment
On handover
100%
Off Plan House
Installment Milestone Payment
Reservation Deposit
Immediately
฿20,000
Down Payment
Upon contract signing
100,000%
2nd Installment
8 months installment
10%
2nd Installment
On handover
90%

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 Monotown2 Suthep?

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Reviews

4.8 out of 5 4.83
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Nice house with lovely design
4.8 Arisa R., Thailand, 2 weeks ago
The design of this house is my type. It is cozy and lovely because I am a big fan of Japanese culture. I had the opportunity to visit their showroom. It is fantastic. The townhouse has three bedrooms. It is a perfect size for my family. Most furniture is made of wood, is really strong, and looks minimal. The house is very well designed, and gets the sun and wind all through the day. Very satisfying! Excellent location, close to the city and numerous famous restaurants. Moreover, it takes less than 15 minutes to get to Chiang Mai International Airport. It is the best place. I do not know where there is a better place than here!!!

Chiang Mai

Suthep

Neighborhood Overview

Location and Neighborhood

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