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Ping Condominium

ID: 84 October 2015 30-60 m2 S, 1, 2 beds

General info

Status: Finished
Rise type: Low Rise
Total floors: 8
Total buildings: 3
Total units: 200
Sinking Fund: THB 300/m2
Maintenance Fees: THB 35/month/m2
Start Date: 2014
Completion Date: October 2015

Features and amenities

24/7 Security City Centre Location
Fitness Centre Gardens
Fully Furnished Reception
With heavily discounted starting prices starting from just over THB 1.5 million for a fully-furnished apartment, Ping Condominium is an excellent purchase for buyers on a budget, or for any first-time investor looking for a high-yielding investment.

Ping Condominium occupies an excellent location in the south-east of the city.  From here, Chiang Mai International Airport is less than ten minutes drive from the location, with Chiang Mai's famous Night Market even closer.  The Ping Condominium is part of a mixed-use development covering a large area of 9-rai.  In addition to three low-rise condo buildings - two of six-storeys and one of four-storeys - the project will also consist of a large Fresh Market supermarket, plus 37 other commercial buildings.  This means means that buyers at The Ping have the convenience of being able to make all their grocery shopping and fulfill all their other daily needs right on their doorsteps.

The condominium buildings at The Ping are all covered by 24/7 security, with guards on duty around-the-clock, CCTV coverage throughout plus separate keycard access to each building.  In addition to ample parking spaces, there is a fully-equipped fitness centre for the use of residents and guests.

Buyers at The Ping have three convenient apartment sizes to choose from.  The majority of units here are highly affordable 30m2 studio apartments, which are available on all but the top two floors.  The fifth and sixth floors contain ample-sized 45m2 one-bedroom apartments.  For buyers with families, there are also 60m2 two-bedroom/one-bathroom apartments available - all of which are located on the project's penthouse level, which means that they offer excellent views over the surrounding area.  All apartments are supplied on a fully-furnished basis and there are corner units available for all sizes of apartments, ideal for anyone looking for a unit which offers the maximum amount of daylight coming into their apartments.
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At just over THB 1.5 million for the 30m2 studios, this makes Ping Condominium the most affordable condos in Chiang Mai at the moment.  Because of the low starting prices, investors can look forward to receiving excellent rental yields by buying at The Ping, as there is always high demand from prospective tenants for modern apartments available at affordable rents.

Availible units

Type m2 Price/THB
Studio – Min 30 1,560,000
Studio – Max 30 1,715,000
One-Bed – Min 45 2,320,000
One-Bed – Max 45 2,516,000
Two-Bed – Min 60 3,118,000
Two-Bed – Max 60 3,248,000

Payment info

Closing Costs 2%
Reservation Fee THB 5,000
Deposit Payment 30%
Handover 70%

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Alan Cohen