This one-bedroom sits on the top floor of Hillside 3, one minute from Nimmanhaemin Road, so the cafes, Maya and Chiang Mai University are all reachable on foot.
One open room holds the kitchen, the dining table and the sofa, all under soft off-white walls. It is a small, calm home where an ordinary morning starts with a short walk to coffee.
This renovated 37.6 sqm one-bedroom at Hillside 3, Nimman, asks 2.9M THB, about 77,100 THB per sqm of indoor area, roughly 4% above Chiang Mai's 74,000 city median (Bamboo Routes, September 2026). Maya is roughly a 10-minute walk; foreign quota is available per the owner.
The images on this page are 3D visualisations, for illustration only. The finished unit may differ in layout, furniture and finishes, and we confirm the as-built unit with you before you reserve.
Can a foreigner buy a one-bedroom condo in Nimman for under 3 million baht?
Yes. The owner states that foreign quota is available for this unit at Hillside 3, so a foreign buyer can hold it in freehold under the 49% rule. In our experience quota is first-come until the transfer day, so we ask the juristic office for a written quota letter and keep your deposit refundable if quota runs out. Our guide to buying a condo as a foreigner explains how the 49% quota works.
Foreign buyers must bring the purchase funds in from abroad as a foreign currency transfer, and the bank issues the paperwork the Land Office asks for. Please do this before the transfer date, not on it.
What does it cost to run a 37.6 sqm condo at Hillside 3 each month?
The owner quotes common fees of 25 THB per sqm per month, which is about 940 THB for this unit. We have seen the rate quoted anywhere from 23 to 30 THB per sqm across sources, so we confirm it, together with the sinking fund balance, with the juristic office before you reserve.
Can I rent this condo out on Airbnb?
No. Hillside 3 does not allow rentals of less than 30 days, and daily or weekly letting needs a hotel licence under the Hotel Act B.E. 2547. We base every yield figure on monthly lets only.
Goen notes: “In 2026 the renovated one-bedrooms in this tower ask about 76,000 to 83,000 THB per sqm, and this one sits near the lower end at about 77,100. Before the price, I would look at the paperwork: the quota letter, any warranty terms in writing, and who pays which tax.”
Insider TipSeveral renovated one-bedrooms in this tower ask about the same price, so put three questions to the juristic office before you reserve: the written foreign quota letter for this unit, the sinking fund balance, and which facilities the common fee covers. Write the answers into the reservation agreement.
Hillside 3 one-bedroom: the numbers| Item | Detail |
|---|
| Listing Price | 2,900,000 THB, about 77,100 THB per sqm on 37.6 sqm of indoor area.
About 4% above the Chiang Mai condo median of 74,000 THB per sqm, and about 10% above the top of the older Nimman and Suthep band (50,000–70,000 THB per sqm).
Within the 76,300–82,900 THB per sqm range asked for one-bedrooms in the same tower now.Source: Bamboo Routes, Housing Prices in Chiang Mai, updated 21 September 2026; FazWaz Hillside 3 listings, October 2026. |
| Investment Alpha | Gross yield about 4.1% to 6.2% on monthly lets at 10,000 to 15,000 THB per month; about 3.7% to 5.8% after common fees.Market Estimate October 2026, from FazWaz rental listings and Perfect Homes. An estimate, not a guarantee. |
| Contextual Logistics | Maya Lifestyle Shopping Center: 0.8 km, about 10 minutes on foot.
Chiang Mai University: 1.2 km, about 14 minutes on foot.
Central Kad Suan Kaew: 1.5 km, about 18 minutes on foot.Source: PropertyHub, Hillside Condominium 3. |
| Ownership Status | Freehold condominium unit. Foreign quota available per the owner. Quota is confirmed by the juristic office and can change before transfer.
Transfer fee for a foreign buyer: standard 2% of the Land Office appraised value, split 50/50 with the seller per the owner. If the appraisal equals the price, that is 58,000 THB, or 29,000 THB each. The reduced 0.01% rate applies to Thai individual buyers only, where both price and appraisal are at or below 7,000,000 THB (current measure to 30 June 2027).
Taxes (specific business tax 3.3% if held under 5 years, otherwise stamp duty 0.5%, plus withholding tax) are not part of the 50/50 split.Source: Thai Land Department fee schedule and Revenue Department; confirm current rates before you sign. |
| Common Fees | 25 THB per sqm per month, about 940 THB per month (11,280 THB a year), per the owner.Other sources quote 23 to 30 THB per sqm; to be confirmed with the juristic office. |
| Zoning / Licence | Rentals under 30 days are not permitted in the building, and daily or weekly letting needs a hotel licence (Hotel Act B.E. 2547).Source: Perfect Homes building guide; Hotel Act B.E. 2547. |
More questions buyers ask about Hillside 3
Is it noisy at Hillside 3, close to Nimmanhaemin Road?
In our experience, the sois off Nimmanhaemin Road carry restaurant and bar traffic into the evening. A top-floor unit sits well above street level, and we suggest a viewing around 8 pm so you can judge the sound yourself.
Is a 37.6 sqm condo here a good investment?
On monthly lets we estimate a gross yield of about 4% to 6%, and Nimman has a tenant pool that already knows the area. The trade-offs are a building from 2009 and several comparable renovated one-bedrooms for sale in the same tower, so resale takes patience.
Do I need a car if I live here?
Daily errands are on foot: Nimmanhaemin Road is about a minute away and Maya about 10 minutes. The building has just over 50 parking bays for 370 units, so we ask for the parking position in writing before you reserve.
How are the transfer fees split?
The owner has agreed to split the Land Office transfer fees 50/50. We write who pays the taxes into the agreement as well, since they are separate from that split; our tax guide for foreign buyers sets out each one.
Ask Goen About This Condo
A top-floor, furnished one-bedroom under 3 million baht, one minute from Nimmanhaemin Road, with foreign quota available per the owner. It suits a single buyer or a couple who want a low entry price, an easy walk to daily life, and a home that needs nothing on day one.
Contact Goen at Chiangmai Properties on WhatsApp +66 64 338 9597 or LINE chiangmai-properties. You can also browse more condos for sale in Chiang Mai.
We are real estate professionals sharing local market observations based on our experience in Chiang Mai. This is not legal or financial advice. Consult Thai Land Office, licensed attorney, or financial advisor for title deed, tax, and investment suitability.
