Supalai Monte 2

5 (1 Review)

Nong Pa Khrang, Mueang Chiang Mai,Chiang Mai

Unit ID: U659968
6% Rental Yield
฿2,600,000 Great Price
Bedroom
Studio Bedroom
Bathroom
1 Bathroom
Indoor Area
33 SqM Size
Floors
29 Floor
Construction
Aug 2018 Completed

Studio Condo for sale at Supalai Monte 2

This property is a 33 SqM studio condo with 1 bathroom that is available for sale. It is part of the Supalai Monte 2 project in Nong Pa Khrang, Chiang Mai and was completed in Aug 2018. You can buy this condo for a base price of ฿2,600,000 (฿78,788/SqM) and it is also available for long term rentals starting from ฿12,500 per month.

Features

BalconyBalcony Washing MachineWashing Machine MicrowaveMicrowave TVTV

Basic Information

Property Type Condo
Floor 29
Bedroom Studio
Size 33 SqM
Price per SqM ฿78,788
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.
฿1,155/mo
Listed By
Private Owner
Date Listed Feb 4, 2021
Last Updated 6 months ago
Unit ID U659968

3D Walkthrough

Price Analysis

Great Price
Estimated market value ฿5,096,432
Great
฿3,670,000
Good
Fair
Above
฿3,840,000
Current asking Price: ฿2,600,000 | Advertised rental rate: ฿12,500/mo
This condo is ฿2,496,432 BELOW MARKET (-49%) 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
฿2,600,000
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.
฿1,155/mo
Rent
฿12,500/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.
17
Rental Yield
This is the gross rental yield. To calculate this figure we use the advertised monthly rent rate (for a 1-year contract) and the current sales price.
6%

Project Details

Project Name: Supalai Monte 2
Developer: Supalai
Construction: Completed (Aug 2018)
Floors: 32
Buildings: 1
Units: 734
Project Area: 6,897 SqM
Nearest Landmark Central Chiangmai - 0.3 Km
Location: Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai
Supalai Monte 2 Project Details

Project Features

Communal Pool Communal Pool
Communal Gym Communal Gym
24H Security 24H Security
CCTV (Video Surveillance) CCTV (Video Surveillance)
Car Parking Car Parking
Reception / Lobby Area Reception / Lobby Area
Communal Garden Area Communal Garden Area
Laundry Facilities / Dry Cleaning Laundry Facilities / Dry Cleaning
Back Up Generators Back Up Generators
Key card access Key card access

Popular Facilities at Supalai Monte 2

  • Reception / Lobby Area
    Ground Floor
  • Communal Pool
    5th Floor
  • Communal Gym
    5th Floor
  • Communal Garden Area
    Rooftop

Available Units at Supalai Monte 2

For Sale 2 For Rent 3
Get notified when new homes are being added to Supalai Monte 2

Loan Calculator

Frequently asked questions

No pets are allowed at Supalai Monte 2 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 ฿1,155 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.
Central Chiangmai is the nearest Shopping Mall from Supalai Monte 2 and it is 0.3 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 Supalai Monte 2 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

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
It is considered a good place.
5 Robert D., United States, 2 years ago
My wife and I came to Chiang Mai and chose to stay here because we like luxurious property. When I arrived, I wasn't disappointed at all. The design here is exquisite. The garden is wide and clean. The room I stayed in was a one-bedroom unit with modern furniture, easy to use and in good condition. One disadvantage is that the condo is next to the main road, making it noisy when cars pass by, but it isn't a big deal for me because it's still in a very good location. It's next to Central Chiang Mai And also close to many attractions in the city. It is considered a good place.

Chiang Mai

Nong Pa Khrang

Neighborhood Overview

Location and Neighborhood

Street View

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