The fifth floor is where Huay Kaew Road stops being the thing you notice. The traffic settles into background, the tree line along the frontage sits at eye level, and the windows can stay open through the evening.
The layout is a single open volume — lounge, dining and kitchen running together — with the bedroom held separately behind it. That plan is what makes 45 square metres read as a one-bedroom apartment rather than a large studio, and it is not a given in a building completed in 2005. A full renovation covering new electrical systems, new sanitary ware and a complete appliance set is completing at the end of August 2026. The unit is sold fully furnished.
Can a foreigner buy this condo outright in Chiang Mai?
Does this condo come with a parking space?
Can you rent a Chiang Mai condo out on Airbnb?
Goen notes: “At 66,400 baht per square metre this unit is not the cheapest in the building on a rate basis — the project average sits nearer 42,000 to 62,000 — but at 2,990,000 baht it is one of the lowest absolute entry prices into freehold ownership inside Nimman’s walking catchment, and the seller absorbing every transfer cost is worth more to a foreign buyer than to a Thai one in 2026.”
Ask the juristic office for two things in writing before you sign: confirmation that the fourth-floor pool is common and free to all residents, and the current fee for the on-site gym. The gym here is privately operated and billed separately from the common area fee, and the rooftop pool serves fifteenth-floor residents only.
| Metric | This Unit | Context |
|---|---|---|
| Listing Price | 2,990,000 THB · 66,400 THB/sqm | Above the building average of 42,000–62,000 THB/sqm, but below the Nimman band of 70,000–100,000 THB/sqm in the same walking catchment. Source: aggregated Chiang Mai portal listing data, August 2026. Government appraised value to be confirmed with the Treasury Department at transfer. |
| Investment Alpha | 4.0%–5.7% net of common area fee | Based on 11,000–15,000 THB/month on lawful monthly letting only. Building average time on market is approximately 279 days, against 45–90 days for well-located Chiang Mai condo stock.Source: portal market data, August 2026. Not independently verified; confirm achieved rents with the juristic person. |
| Contextual Logistics | Walkable | Maya Lifestyle Shopping Center — approx. 0.4 km, 5 min on foot. Chiang Mai University, Huay Kaew gate — approx. 1.2 km, 8 min on foot. Chiang Mai Ram Hospital — approx. 1.1 km, 4 min by car. Distances approximate, measured from Hillside, Huay Kaew Road. |
| Ownership Status | Freehold — foreign quota | Seller pays all transfer fees and taxes.Foreign buyers pay the standard 2% transfer fee; the 0.01% reduced rate is available to Thai nationals only, on property at or below 7,000,000 THB, extended to 30 June 2027.Source: Thai Cabinet resolution on transfer and mortgage registration fee reductions. Verify title and fee position with the Chiang Mai Land Office. |
| Parking | No space allocated | Approximately 70 underground spaces serve 587 units building-wide. Confirmed by the seller, 26 August 2026. Nearest paid monthly parking to be quoted on request. |
| Common Area Fee | 920 THB/month | Approximately 20.4 THB per sqm per month — low for a staffed building of this size. Water and electricity metered separately. Gym membership is not included; see Insider Tip. |
Huay Kaew is a six-lane arterial, and the lower floors of this building carry more of it than the mid-floors do. We have observed that by the fifth floor traffic reads as background rather than foreground, but this is a viewing check we recommend you make yourself, at both midday and early evening.
Longer than the city average — portal data puts the building near 279 days on market, against 45 to 90 days for well-located Chiang Mai condo stock. A 2005 tower with 587 units carries permanent internal supply, which is worth knowing whether you are buying or planning your eventual exit.
It covers the common areas, the staffed 24-hour reception, CCTV and the fourth-floor communal pool, which is free to all residents. It does not cover the on-site gym, which is privately operated on a separate paid membership, and it does not include the smaller rooftop pool, which is reserved for fifteenth-floor residents.
A buyer who wants freehold ownership inside Nimman’s walking catchment for under three million baht and does not need a car. In our experience the people happiest at this address are long-stay residents who walk to Maya, the university and the hospital, and who treat the absence of a parking space as a non-issue rather than a compromise.
A freehold one-bedroom inside Nimman’s walking catchment, under three million baht
The entry price is the argument here: 2,990,000 THB for foreign-quota freehold, fully furnished, with the seller covering every transfer fee and tax. It suits the buyer who wants a permanent address on Chiang Mai’s most established foreign-resident corridor without a mortgage-sized commitment, and who would rather walk than park.
Contact Goen at Chiangmai Properties today to arrange a viewing, and tell us in advance if you drive — we will have the parking options priced before you arrive.
