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1 bedroom apartment for sale

£323,620

Thailand - Chiang Mai

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Call: 0066904187110

Key features:

  • 2 bathroom(s)
  • Condition: Excellent
  • Floor space: 135
  • Furnished
  • Communal pool
  • Communal garden
  • Mountain view
  • Distance from the sea: 15 mins
  • Distance from an airport: 30 mins

Full description:

Anyone who has visited Chiang Mai will know that the city is almost entirely low-rise, with very few buildings taller than seven or eight floors. Any building taller than this tends to be either luxury hotels or older residential buildings where the apartments are usually in dire need of refurbishment. So anyone looking for luxurious high-rise living in the city has very few options.


Very few options, that is, apart from the Presidential Suites at The Shine Condominium truly the only option for anyone looking for the ultimate in high-rise living that Chiang Mai has to offer.


With its 15-floors, The Shine Condominium towers above most of the other buildings in the immediate neighbourhood. The Presidential Suites at The Shine are all penthouse duplexes, which comprise the 14th and 15th floors of the building. This ensures that each of the Presidential Suites offers the best views that it is currently possible to buy in Chiang Mai today, with views over the citys historic centre towards the Doi Suthep-Pui mountain to the west, or over the River Ping to the east.


In terms of location, The Shine Condominiums is hard to beat. Located close to the five-star Le Meridien Hotel and Chiang Mais famous Night Market and Walking Street, the historic city centre is just 500m from here. Chiang Mai International Airport is less than 15 minutes away, so it is also a perfect location for anyone who regularly flies into and out of the city.


Fully completed before the end of 2013, the Presidential Suites at The Shine are ready for you to take immediate possession of. So exclusive are the Presidential Suites here that only six are available four one-bedroom apartments and just a pair of two-bedroom apartments. The suites are huge duplexes, with the living space on the lower levels and bedrooms on the upper. With even the smallest of the Suites spread over 135m2 of wide, open space, the Presidential Suites are well-named, as they offer accommodation that even a President would be impressed by! All suites are supplied on a fully furnished basis, with no expense spared to ensure that the fittings are as of the same luxurious quality as the suites themselves. The flooring is 100% teak throughout, with appliances from brands such as Smeg and Sony. The bathroom fittings are from Grohe and Toto, with each Suite featuring a huge jacuzzi. All of the furniture has been custom-designed for the suites.


All of the facilities at The Shine are as luxurious as the interiors of the Presidential Suites. There is ample parking available, as the lowest four floors of the building is all multistory parking. Most of the facilities here are located on the sixth floor, including the fully-equipped fitness centre, large swimming pool plus saunas and spa centre. The part of the 14th floor not taken up by the lower levels of the Suites belong to the projects beautiful roof gardens, which share the same incredible views as from the Suites themselves.


With high-rise, super-luxury, modern penthouses almost impossible to find in Chiang Mai any longer, the prices for the Presidential Suites at The Shine Condominium can only increase over time. In addition, with so little competition at the very top end of the market, there is sure to be high rental demand for these exclusive units as well, meaning that buying here is an excellent long-term investment opportunity.


KEY FEATURES:

- 24/7 Security
- Air-Conditioning
- Central Location
- Fitness Centre
- Fully Furnished
- Jacuzzi
- Mountain Views
- Parking
- Reception
- River Views
- Roof Terrace
- Sauna
- Spa Centre



PRICE RANGE:


-One-Bed-Min: 135.16m2 - THB 15,813,720
-One-Bed-Max: 173.99m2 - THB 21,400,770

- Two-Bed-Min: 186.47 - THB 21,816,990
- Two-Bed-Max: 219.68 - THB 25,702,560


PAYMENT PLAN:

- Reservation Fee: THB 150,000
- Contract Deposit: THB 250,000
- Interim Payments: N/A
- Handover: 100%


EXTRA FEES:

- Maintenance Fee: THB 50 / per m2 / per month
- Sinking Fund: THB 400 / m2
- Transfer Tax: Buyer Responsible
- Electric & Water Meters: Buyer Responsible


COMPLETION DATE:

Start Date: 2010
End Date: End 2013

This pin shows the exact location of the property as provided by the Advertiser

Nearest Airports*

  • Chiang Mai (International), 1.5 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
Bangkok Thai Real Estate Co. Ltd, Pattaya

383/2 Moo 12 Sukhumvit Road Nongprue Banglamung Chonburi 20150
0066904187110
About Bangkok Thai Real Estate Co. Ltd, Pattaya

The Number One Choice for Investors

Thailand*s capital city, Bangkok, currently offers an excellent investment opportunity for anyone looking for fast capital appreciation and reliable rental returns.

Compared to other key Asian cities such as Hong Kong, Singapore, Tokyo, Shanghai, Beijing or Kuala Lumpur, prices in Bangkok are currently very low 每 with an average price of just $5,000/m2. This compares favourably to Beijing at $9,500/m2, Singapore at $24,500 and Hong Kong at $31,000/m2. However, such is the strength of the market in Bangkok that prices are guaranteed to not stay this low for much longer. In year to the end of March 2013, prices of condominiums in Bangkok rose by a remarkable 9.39%, making Bangkok one of the fastest-increasing markets in South East Asia.

Due to the country*s fast economic growth, forecasters predict that the property boom in Bangkok is still at the beginning as the economy continues to increase at levels faster than neighbouring countries, with the country*s GDP increasing by 6.44% in 2012. This means that the economy in Thailand is developing at a faster rate than any other country in Asia apart from China and the Philippines. Described by the World Bank as ※one of the greatest development success stories§ for its progress in social and economic development, the country remains on an upward trajectory.

The constantly improving economy has led to the rapid increase of the middle class in Thailand, who are spending their new-found wealth in upgrading their accommodation. This, in turn, has led to the fast increases in prices for condominiums, especially those located in prime positions within the city centre, where few good building plots remain.

The expansion of Bangkok*s Skytrain network is fueling the city*s real estate boom.
The expansion of Bangkok*s Skytrain network is fueling the city*s real estate boom.
The upwards trajectory of Bangkok*s property prices are set to increase still further when the ASEAN Economic Community which offers tariff-free trade and visa-free travel between all member countries comes into effect at the end of 2015. Due to Thailand*s position right in the centre of the ASEAN region 每 at its very crossroads 每 Thailand is expected to benefit more from the introduction of the new trading zone than most of the other member nations.

Much of the activity in the real estate market is centred around developments located within easy reach of stations on Bangkok*s mass transit system, which now makes it easy to navigate the often heavily-congested streets of Thailand*s capital city. The network, which comprises the underground, Skytrain, bus and rail networks, is seeing massive expansion over the next few years with the number of lines increasing from eight to 15. As new stations are announced, so new areas of the city become attractive areas to live.

According to research published by Global Property Guide in April 2013, rental yields in Bangkok range from 3.97% to 7.41%. This makes Bangkok the third best-performing capital city in East Asia after Manila and Jakarta 每 another sign that there is still plenty of capital appreciation left in the market for condominiums.

Smaller apartments earn much higher rental yields than bigger apartments. A 50m2 apartment in Bangkok*s central location earns good rental yields at 7.41%, while a 375m2 apartment also centrally located, earns poor rental yields at 3.97%.

The rental yields from medium-sized apartments are also good. An 80m2 apartment earns moderate to good rental yields at 6.86%, higher than 2011∩s figure of 6.60%. The same can be said about 120m2 apartments, where rental yields have increased to 6.53% from 6.49% the previous year.

Currently foreign buyers make up a relatively small proportion of the total market for condominiums in Bangkok, but this situation is changing fast as well-informed investors realize that there is little growth left in most of the key Asian cities and begin to look further afield to see good returns on their investments.

A Perfect Location for a Second Home

Bangkok attracts not only investors 每 it also attracts foreigners looking for a second home in a vibrant and affordable city, in a country which is well-known for the warm welcome by the country*s friendly and hospitable people. That*s the reason why Thailand is known around the world as &The Land of Smiles*!

Bangkok's shopping malls, climate, cuisine and nightlife make it a Mecca for tourists.
Bangkok*s shopping malls, climate, cuisine and nightlife make it a Mecca for tourists.
The city is now a highly cosmopolitan one which welcomes visitors from all over the globe. Visitors are attracted not only by the legendary Thai hospitality, but also its world-famous cuisine, year-round warm and pleasant tropical climate, thrilling nightlife opportunities, low-cost shopping in the city*s many large, modern shopping malls and beautiful temples and other tourist attractions. English is widely spoken in the city and Bangkok also has a sizable Thai-Chinese population.

With its modern Suvarnabhumi International Airport, Bangkok has become one of Asia*s main transport hubs. In fact, a recent survey conducted by MasterCard found Bangkok International to have recently overtaken London*s Heathrow as the world*s busiest international airport. Tourist numbers to the city are increasing rapidly 每 visitor numbers were up 18.6% year-on-year in the first quarter of 2013. Much of this increase came from China, where over 2 million tourists arrived in the first half of 2013 alone, an increase of 95.06% over the same period in 2012. Chinese visitors are now by far the most numerous visitors to Thailand, accounting for 21% of all international arrivals.

There are also increasing visitor numbers to the city from the Gulf area. The Abu Dhabi to Bangkok route is Etihad*s busiest, having transported 700,000 passengers to the city in 2012. The airline is now adding a sixth flight per day to the city in order to cope with the constantly increasing demand. The new high-speed rail link to the airport makes it possible to reach the centre of Bangkok from Suvarnabhumi in under thirty minutes.

###

So, whether you are looking for an affordable second home in an exciting and pleasant city to live or an investment which provides a good steady rental income combined with some of the fastest capital growth that you can find anywhere in the world currently, Bangkok is an ideal choice.


Disclaimer

This is a property advertisement provided and maintained by Bangkok Thai Real Estate Co. Ltd, Pattaya (reference 107950_1058) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

Bangkok Thai Real Estate Co. Ltd, Pattaya

383/2 Moo 12 Sukhumvit Road Nongprue Banglamung Chonburi 20150
or call 0066904187110

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