2 Bedroom Condo for sale at Punna Residence 2 at Nimman

(1 Review)
Suthep, Mueang Chiang Mai,Chiang Mai
Unit ID: U172311
2 Bedrooms
2 Bathrooms
84.50 SqM Size
3 Floor
Nov 2010 Completed

About This Condo

This property is a 84.50 SqM condo with 2 bedrooms and 2 bathrooms that is available for sale. It is part of the Punna Residence 2 at Nimman project in Suthep, Chiang Mai and was completed in Nov 2010. You can buy this condo for a base price of ฿6,000,000 (฿71,006/SqM).

Features

BalconyBalcony

Basic Information

Date Listed Sep 11, 2019
Updated 3 years ago
Property Type Condo
Floor 3
Bedrooms 2
Size 84.50 SqM
Price per SqM ฿71,006
Pets Not Allowed
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 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.
฿2,535/mo
Listed By
Developer
Electricity Price N/A
Water Price N/A
Unit ID U172311

Price Analysis

Great Price
Estimated market value ฿6,717,757
Great
฿5,780,000
Good
Fair
Above
฿10,100,000
Current asking Price: ฿6,000,000
This condo is ฿717,757 BELOW MARKET (-11%) 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.
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Investment Opportunity: Charges & Yield

Sale Price
฿6,000,000
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.
฿2,535/mo

Project Details

Developer: Punna Development
Construction: Completed (Nov 2010)
Floors: 8
Buildings: N/A
Units: 79
Project Area: N/A
Nearest Landmark Chiang Mai University - 0.4 Km
Location: Suthep, Chiang Mai
Punna Residence 2 at Nimman 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
Sauna Sauna
Reception / Lobby Area Reception / Lobby Area

Available Units at Punna Residence 2 at Nimman

For Sale 2 For Rent 2
Get notified when new homes are being added to Punna Residence 2 at Nimman
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Frequently Asked Questions

No pets are allowed at Punna Residence 2 at Nimman 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 ฿30 per square meter based on the size of indoor area of the property and is ฿2,535 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.
Chiang Mai University is the nearest University from Punna Residence 2 at Nimman and it is 0.4 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 Punna Residence 2 at Nimman 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
Based on
1 Review
Maintenance
Staff / Security
Facilities on Site
Quality of Finishing
Value for Money
Location
+ Write a review
This place is the BEST!
Jutimek R., Thailand, 5 years ago
I work in this area, and I'm looking for a place to live in the city that fits my lifestyle. Then I discovered it here; it is in Nimman city and is complete in all aspects, including restaurants, cafes, malls, and tourist attractions. It's considered complete all in one. It is also only a 15-minute drive to Chiang Mai International Airport. Aside from that, despite being in the heart of the city, the project ambiance is pleasant. The project is surrounded by lush green plants, and the swimming pool is also in good condition. The staff is wonderful. My room is on the 3rd floor. It's a spacious 1 bedroom unit, with high-quality furnishings. The monthly rental price is reasonable. I have nothing to complain about here. I recommend it if you like comfort and convenience. This place is the BEST!
Chiang Mai
Suthep

Neighborhood Overview

Location and Neighborhood

Street View

Projects Nearby Punna Residence 2 at Nimman

Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Project Name
Location
Number of units
Sales Prices
Monthly Rentals
Year Built
Completion Status
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
79
Sales Prices
฿3.4M - ฿15M
Monthly Rentals
฿42K - ฿50K
Year Built
Nov 2009
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
370
Sales Prices
฿1.8M - ฿24M
▼ -33% underpriced
Monthly Rentals
฿8K - ฿90K
Year Built
Dec 2009
Completion Status
Completed
Project Name
The Nimmana Condo
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
350
Sales Prices
฿3.6M - ฿12.5M
▼ -0.1% underpriced
Monthly Rentals
฿18K - ฿50K
Year Built
Mar 2015
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
150
Sales Prices
฿1.5M - ฿3.49M
Monthly Rentals
N/A
Year Built
Jan 2012
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
75
Sales Prices
฿3.75M - ฿6.78M
▼ -20.7% underpriced
Monthly Rentals
฿21K
Year Built
Jan 2014
Completion Status
Completed
Project Name
103 Condo Nimman
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
100
Sales Prices
฿2.89M
Monthly Rentals
N/A
Year Built
May 1970
Completion Status
Completed
Project Name
103 Condominium 2
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
120
Sales Prices
฿2.69M
Monthly Rentals
฿4.5K
Year Built
Dec 1987
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
72
Sales Prices
฿4.3M - ฿17M
▼ -30% underpriced
Monthly Rentals
฿28K
Year Built
Jan 2014
Completion Status
Completed
Project Name
Liv@Nimman
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
68
Sales Prices
฿4.69M - ฿5M
Monthly Rentals
฿25K
Year Built
Sep 2014
Completion Status
Completed
Location
Suthep, Mueang Chiang Mai, Chiang Mai
Number of units
109
Sales Prices
฿6.2M
Monthly Rentals
N/A
Year Built
May 2009
Completion Status
Completed
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