19/07/2025
Apartments for sale – Chang Phueak, Mueang Chiang Mai, Chiang Mai
Price 150 million THB ( negotiable)
is located on Santisuk Road in the Chang Phueak area of Chiang Mai City. It offers both daily and monthly rental options, catering to guests looking for affordable and convenient accommodations.
Main Facilities:
• Air-conditioned rooms – Fully furnished with a bed, wardrobe, work desk, etc.
• Electrical appliances – Including TV, refrigerator, and water heater
• Free Wi-Fi – Available in both common areas and guest rooms
• 24-hour security system – With CCTV surveillance and security staff
• Parking space – Available for residents with private vehicles
Additional Information:
• Total rooms: 84
Summary:
Apartments is ideal for travelers or long-stay guests seeking budget-friendly accommodation in a convenient location, offering all essential facilities for a comfortable stay.
📌 GPS Coordinates: 18.803604, 98.974596
An excellent investment opportunity in the heart of Chiang Mai! Tipparat Place is a well-located apartment complex consisting of two buildings (A and 😎, situated on a total land area of 366.9 square wah (approximately 1,457.6 square meters) with 4 title deeds.
📂 Land evaluated by the Department of Lands of Thailand at 45,000 THB per square wah
Property Overview
Building A (4 Floors)
• Floor 1: Lobby, reception counter, pantry, maid room, storage
• Floor 2-3: 22 standard rooms (monthly rental)
• Floor 4: Penthouse with 3 bedrooms and 2 bathrooms
Building B (7 Floors)
• Floor 1: 9 standard rooms (daily rental), 6 retail/café units
• Floor 2-5: 64 standard rooms (daily rental)
• Floor 6: 4 suite rooms
• Floor 7: Unfurnished penthouse with 7 bedrooms and 2 bathrooms
• Other Features: Mezzanine and rooftop deck
Investment Overview
This property presents a strong investment opportunity with high rental yield potential. Below is the estimated monthly income and expense summary assuming full occupancy.
⸻
Monthly Income (Full Occupancy)
• Monthly Rental Rooms:
22 rooms × THB 3,500 = THB 77,000/month
• Daily Rental Rooms:
70 rooms × THB 500/day × 30 days = THB 1,050,000/month
• Suite Rooms:
4 rooms × THB 900/day × 30 days = THB 108,000/month
• Penthouses (2 units):
Average THB 9,000/day × 30 days = THB 540,000/month
• Shops:
• 2 units × THB 9,000 = THB 18,000/month
• 4 units × THB 7,000 = THB 28,000/month
• Total Shop Income = THB 49,000/month
👉 Total Monthly Income = THB 1,824,000
⸻
Monthly Expenses (Estimated)
• Electricity: THB 100,000
• Housemaid Labor Cost: THB 30,000
• Laundry Services: THB 100,000
• Telephone/Internet: THB 2,500
• Security Guard: THB 20,000
• Administrative Costs: THB 20,000
👉 Total Monthly Expenses = THB 272,500
⸻
Net Profit & ROI
• Net Profit per Month:
THB 1,824,000 – THB 272,500 = THB 1,551,500/month
• Return on Investment (ROI):
With an asking price of THB 200 million, the payback period is:
THB 200,000,000 ÷ THB 1,551,500 ≈ 129 months or 10.75 years
