Glory Boutique Suites

5 (1 Review)

Si Phum, Mueang Chiang Mai,Chiang Mai

Unit ID: U285867
6% GUAR. RETURN FOR 5 YEARS
฿2,539,350 ฿2,688,975 Great Price
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
29.70 SqM Size
Floors
2 Floor
Construction
Apr 2020 Completed

Studio Condo for sale at Glory Boutique Suites

This property is a 29.70 SqM studio condo with 1 bathroom that is available for sale. It is part of the Glory Boutique Suites project in Si Phum, Chiang Mai and was completed in Apr 2020. You can buy this condo for a base price of ฿2,539,350 (฿85,500/SqM).

Features

BalconyBalcony BathtubBathtub

Basic Information

Property Type Condo
Floor 2
Bedroom Studio
Size 29.70 SqM
Price per SqM ฿85,500
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%.

Foreign Quota, Thai Quota, Company
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
Unit Type STU
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.
฿1,485/mo
Listed By
Developer
Date Listed Feb 4, 2020
Last Updated 1 year ago
Unit ID U285867

3D Walkthrough

Price Analysis

Good Price
Estimated market value ฿2,617,807
Great
฿2,540,000
Good
Fair
Above
฿2,560,000
Current asking Price: ฿2,539,350
This condo is ฿78,457 BELOW MARKET (-3%) 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
฿2,539,350
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.
฿1,485/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.
17
Guaranteed Rental Return
6%
Guarantee Duration
5 Years

Project Details

Project Name: Glory Boutique Suites
Developer: CN SURE CO.,LTD
Construction: Completed (Apr 2020)
Floors: 5
Buildings: N/A
Units: 44
Project Area: N/A
Nearest Landmark Chiang Mai Bus Terminal 1 - 0.1 Km
Location: Si Phum, Mueang Chiang Mai, Chiang Mai
Glory Boutique Suites Project Details

Project Features

Hotel Managed Hotel Managed
On Site Restaurant On Site Restaurant
Communal Pool Communal Pool
Bar Bar
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area

Available Units at Glory Boutique Suites

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Available Units at Glory Boutique Suites
฿86,788
Great Price
Beds 1 Beds
Baths 1 Baths
Size 24 SqM Size
Floor 3 Floor
Thai Quota Fully Furnished City View
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Available Units at Glory Boutique Suites
฿85,800
Good Price
Beds Studio Beds
Baths 1 Baths
Size 44.26 SqM Size
Floor 3 Floor
Foreign Quota Fully Furnished City View
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Available Units at Glory Boutique Suites
฿85,800
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38.22 SqM Size
Floor 3 Floor
Foreign Quota Fully Furnished City View
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Available Units at Glory Boutique Suites
฿87,600
Good Price
Beds Studio Beds
Baths 1 Baths
Size 43.88 SqM Size
Floor 4 Floor
Foreign Quota Fully Furnished Mountain View
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Available Units at Glory Boutique Suites
฿88,800
Good Price
Beds Studio Beds
Baths 1 Baths
Size 36.03 SqM Size
Floor 5 Floor
Foreign Quota Fully Furnished Mountain View
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Available Units at Glory Boutique Suites
฿87,600
Good Price
Beds Studio Beds
Baths 1 Baths
Size 43.63 SqM Size
Floor 5 Floor
Foreign Quota Fully Furnished City View
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Compare
Available Units at Glory Boutique Suites
฿85,000
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38.22 SqM Size
Floor 2 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿87,600
Beds Studio Beds
Baths 1 Baths
Size 38.08 SqM Size
Floor 4 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿87,600
Beds Studio Beds
Baths 1 Baths
Size 35.73 SqM Size
Floor 4 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
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Available Units at Glory Boutique Suites
฿90,000
Beds 1 Beds
Baths 1 Baths
Size 61.89 SqM Size
Floor 5 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿87,600
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38.34 SqM Size
Floor 5 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿85,500
Good Price
Beds Studio Beds
Baths 1 Baths
Size 29.70 SqM Size
Floor 2 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿86,800
Beds Studio Beds
Baths 1 Baths
Size 43.88 SqM Size
Floor 3 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿86,800
Good Price
Beds Studio Beds
Baths 1 Baths
Size 36.03 SqM Size
Floor 3 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿85,800
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38.51 SqM Size
Floor 3 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿83,000
Good Price
Beds Studio Beds
Baths 1 Baths
Size 20.68 SqM Size
Floor 2 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿85,800
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38.34 SqM Size
Floor 3 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿88,400
Beds 1 Beds
Baths 1 Baths
Size 61.89 SqM Size
Floor 4 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿86,500
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38.35 SqM Size
Floor 4 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿86,500
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38.51 SqM Size
Floor 4 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿87,600
Good Price
Beds Studio Beds
Baths 1 Baths
Size 37.74 SqM Size
Floor 4 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿85,800
Beds Studio Beds
Baths 1 Baths
Size 20.68 SqM Size
Floor 3 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿88,800
Beds Studio Beds
Baths 1 Baths
Size 43.88 SqM Size
Floor 5 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿100,661
Beds Studio Beds
Baths 1 Baths
Size 31 SqM Size
Floor 2 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿85,500
Good Price
Beds Studio Beds
Baths 1 Baths
Size 29.77 SqM Size
Floor 2 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿85,000
Good Price
Beds Studio Beds
Baths 1 Baths
Size 43.97 SqM Size
Floor 2 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿85,000
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38.35 SqM Size
Floor 2 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿86,800
Good Price
Beds Studio Beds
Baths 1 Baths
Size 35.73 SqM Size
Floor 3 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿88,800
Beds Studio Beds
Baths 1 Baths
Size 37.74 SqM Size
Floor 5 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿88,387
Beds 1 Beds
Baths 1 Baths
Size 66.16 SqM Size
Floor 3 Floor
Thai Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿87,600
Good Price
Beds Studio Beds
Baths 1 Baths
Size 38.35 SqM Size
Floor 5 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿85,000
Beds Studio Beds
Baths 1 Baths
Size 38.51 SqM Size
Floor 2 Floor
Foreign Quota Fully Furnished City View
Favorite
Compare
Available Units at Glory Boutique Suites
฿88,200
Beds 1 Beds
Baths 1 Baths
Size 65.99 SqM Size
Floor 3 Floor
Foreign Quota Fully Furnished Mountain View
Favorite
Compare
Available Units at Glory Boutique Suites
฿86,500
Beds Studio Beds
Baths 1 Baths
Size 20.68 SqM Size
Floor 4 Floor
Foreign Quota Fully Furnished City View
Get notified when new homes are being added to Glory Boutique Suites

Loan Calculator

Payment Plan

Installment Milestone Payment
1st Installment
Upon contract signing
฿100,000
2nd Installment
Down Payment
30%
3rd Installment
Tail
65%
4th Installment
Transference
5%

Frequently asked questions

The common area maintenance fee is ฿50 per square meter based on the size of indoor area of the property and is ฿1,485 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 Glory Boutique Suites the required payment for the sinking fund is ฿500 per square meter based on the size of the indoor area of the property.
Glory Boutique Suites offers a guaranteed rental return of 6% (based on the purchase price of the property) for a duration of 5 Years.
Read more here.
Chiang Mai Bus Terminal 1 is the nearest Bus Terminal from Glory Boutique Suites and it is 0.1 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 Glory Boutique Suites you have to follow these steps:

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

 


Installment Milestone Payment
1st Installment
Upon contract signing
฿100,000
2nd Installment
Down Payment
30%
3rd Installment
Tail
65%
4th Installment
Transference
5%

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

5 out of 5 5
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
Awesome place, very beautiful
5 Wooyoung Bae, South Korea, 11 months ago
Awesome place in a colonial-style. Good service staff, with a very professional manner. I'm very impressed! A soft bed gives me a very comfortable sleep. Plus, the marble decoration makes the room look modern. Fast Wi-Fi. Ideal location near Chang Phuak Gate and Chang Phuak market - finding food won't be difficult!

Chiang Mai

Si Phum

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Location and Neighborhood

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Project Name
Location
Number of units
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Year Built
Completion Status
Location
Mueang Chiang Mai, Chiang Mai, Thailand
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▲ 0.7% overpriced
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▼ -27% underpriced
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Number of units
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Year Built
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Completed
Location
Mueang Chiang Mai, Chiang Mai, Thailand
Number of units
96
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฿3.1M - ฿4.3M
▼ -21% underpriced
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Year Built
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Completion Status
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Location
Mueang Chiang Mai, Chiang Mai, Thailand
Number of units
587
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▼ -17% underpriced
Monthly Rentals
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Year Built
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Completion Status
Completed
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