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    3 Bedroom Townhouse for sale at Monotown 3 San Phi Suea
    San Phisuea, Mueang Chiang Mai,Chiang Mai
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    Sale Price
    ฿3,590,000
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    3 Bedroom Townhouse for sale at Monotown 3 San Phi Suea
     (Write Review)
    Unit ID: U1174754
    9% Rental Yield
    San Phisuea, Mueang Chiang Mai,Chiang Mai
    ฿3,590,000
    3 Bedrooms
    3
    Bathrooms
    150 SqM
    Indoor Area
    3
    Storeys
    Jan 2022
    Completed
    17
    Sale Price
    ฿3,590,000

    About This Townhouse

    This property is a 150 SqM townhouse with 3 bedrooms and 3 bathrooms that is available for sale. It is part of the Monotown 3 San Phi Suea project in San Phisuea, Chiang Mai and was completed in Jan 2022. You can buy this townhouse for a base price of ฿3,590,000 (฿23,933/SqM).

    Features

    Private GardenPrivate Garden TerraceTerrace Covered ParkingCovered Parking BalconyBalcony

    Basic Information

    Date Listed Nov 23, 2022
    Updated N/A
    Property Type Townhouse
    Storeys 3
    Location San Phisuea, Chiang Mai
    Bedrooms 3
    Nearest Landmark Tha Kwian School -2.8 Km
    Indoor Area 150 SqM
    Price per SqM ฿23,933
    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 84 SqM
    Pets Not Allowed
    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, Leasehold
    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, Leasehold
    Land Title Deed N/A
    Construction Completed (Jan 2022)
    Furniture
    Unfurnished
    View(s) Garden View
    Unit Type 3BR
    Parking Spots 2
    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.
    ฿1,500/mo
    Listed By
    Developer
    Electricity Price N/A
    Water Price N/A
    Unit ID U1174754

    Investment Opportunity: Charges & Yield

    Sale Price
    ฿3,590,000
    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.
    ฿1,500/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.
    11
    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 3 bedroom townhouses at Monotown 3 San Phi Suea, and the current sales price.
    9%

    Project Details

    Project Name: Monotown 3 San Phi Suea
    Developer: SPACEANDCO CO., LTD.
    Construction: Completed (Jan 2022)
    Units: 62
    Project Area: 8,000 SqM
    Nearest Landmark Tha Kwian School - 2.8 Km
    Location: San Phisuea, Chiang Mai
    Monotown 3 San Phi Suea Project Details

    Project Features

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

    Popular Facilities at Monotown 3 San Phi Suea

    • All
    • Fitness
    • Leisure
    3
    • Communal Pool
      1st Floor
    • Communal Gym
      2nd Floor
    • Clubhouse
      1st Floor
    • Communal Garden Area
      Rooftop
    • Communal Pool
      1st Floor
    • Communal Gym
      2nd Floor
    • Clubhouse
      1st Floor
    • Communal Garden Area
      Rooftop

    Available Units at Monotown 3 San Phi Suea

    For Sale 6 For Rent 1
    • All
    • 3 Beds
    Get notified when new homes are being added to Monotown 3 San Phi Suea
    View All (6)

    Loan Calculator

    Payment Plan

    Cash
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    ฿120,000
    Down Payment
    2 times
    60%
    1st Installment
    On handover
    40%
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    ฿20,000
    1st Installment
    Upon contract signing
    ฿100,000
    Down Payment
    8 times
    7%
    2nd Installment
    On handover
    93%

    Frequently Asked Questions

    No pets are allowed at Monotown 3 San Phi Suea 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 for properties at Monotown 3 San Phi Suea is a fixed amount of ฿1,500. 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.
    Tha Kwian School is the nearest School from Monotown 3 San Phi Suea and it is 2.8 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

    After you have found the right property at Monotown 3 San Phi Suea you have to follow these steps:

    • - Agreement of terms and conditions
    • - Reservation Agreement
    • - Reservation Deposit
    • - Sales and Purchase Agreement
    • - Settlement & Transfer
    Cash
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    ฿120,000
    Down Payment
    2 times
    60%
    1st Installment
    On handover
    40%
    Installment Milestone Payment
    Reservation Deposit
    Immediately
    ฿20,000
    1st Installment
    Upon contract signing
    ฿100,000
    Down Payment
    8 times
    7%
    2nd Installment
    On handover
    93%


    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.

    • - 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.

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

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

    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

    Do you own a property at Monotown 3 San Phi Suea?

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    Chiang Mai
    San Phisuea

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