🏡 Can You Really Buy a Condo in Chiang Mai for Under $20,000? YES! Here’s Proof! 🇹🇭
If you’ve ever wondered how affordable real estate is in Thailand, you’re in for a surprise! In this video, we tour two budget-friendly condos in Chiang Mai with the wonderful Miss Bee from Perfect Homes. Whether you’re an investor looking for high rental returns or an expat seeking a low-cost place to live, these two options provide incredible value!
✨ PP CONDO (Building D) – Newly Renovated & Move-In Ready
📏 Size: 29 sqm
💰 Price: 660,000 Thai Baht ($19,000 USD)
✔ Fully renovated, super clean, and ready to move in
✔ Low common area fees: Only 300 Baht/month ($10 USD)
✔ High rental demand – Estimated rental return: 5,000-6,000 Baht/month
🏠 PP CONDO (Building F) – Unique Duplex with Extra Space!
📏 Size: 29 sqm (official) + extra loft space
💰 Price: 900,000 Thai Baht ($26,000 USD)
✔ Loft-style duplex layout – extra mezzanine space for a bedroom or office
✔ Scenic green views & better airflow
✔ Higher rental potential: 6,000-7,500 Baht/month
✔ Common area fees: 350 Baht/month ($12 USD)
🤔 Which one would YOU choose?
Would you go for the cheaper, newly renovated condo in Building D? Or do you prefer the extra space & better views in Building F for $6,000 more? Drop your choice in the comments! 👇
🔑 HOW TO BUY A CONDO IN THAILAND AS A FOREIGNER
If you’re thinking about owning property in Thailand, it’s easier than you think! However, there are important rules to follow:
✅ Foreigners can own condos freehold – the title deed is in your name for life
✅ Money must be transferred from overseas into your own Thai bank account (or a lawyer’s designated account)
✅ No mortgages for foreigners – you must buy in cash
✅ Condos can be inherited & handed down
🚨 BIG MISTAKE to Avoid:
Never transfer funds through a friend’s, spouse’s, or agent’s account—the money must come directly from YOUR account to be eligible for purchase!