Boat Condominium

Boat Condominium is located at 71 Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai 50000. The project sits in the eastern part of Chiang Mai, close to Chiang Mai-Doi Saket Road and the Chiang Mai-Lampang Super Highway, offering convenient access to the city center, airport, transport hubs, and major commercial areas.

This condominium is a Low Rise development, completed around 1993. It is understood to be an approximately 8-storey residential building with 1 building in the project. Publicly available information on the exact number of units is limited, so buyers should verify details with the juristic office or seller. Parking is available within the project in line with older condominium formats in Chiang Mai.

Unit types commonly found on the resale market include studio and 1-bedroom layouts, suitable for owner-occupiers as well as rental demand from working residents. Basic facilities generally include a lobby, elevator, parking area, and common spaces. Security covers controlled access and standard common area supervision.

Information regarding the original developer and current management company is not clearly published in public sources, so direct confirmation with the condominium juristic person is recommended. The project stands out for its location near Central Chiangmai, Theppanya Hospital, Bangkok Hospital Chiang Mai, and Arcade Bus Terminal. A nearby project of interest is Supalai Monte 2 Chiangmai.

Boat Condominium in Nong Pa Khrang, Chiang Mai (2026) trades in the affordable inner-ring segment, supported by practical demand near Central Festival and the eastern moat work zones. This is more of a rental-cashflow play than a short-term flip (no BTS or MRT station applies here).

• Resale price per unit: 1-bedroom 28-32 sq.m. typically THB 1.55-1.95M
• Price per sq.m.: average THB 55,000-65,000, with higher deals for renovated, fully furnished units
• Average rent: 1-bedroom about THB 7,500-9,500 per month, depending on floor, view, and appliances

Rental Yield (2026, quick math): assume buy at THB 1.70M and rent at THB 8,500 month. Annual rent = 8,500 x 12 = 102,000. Gross yield = 102,000 ÷ 1,700,000 = 6.0% (before common fees, taxes, and vacancy).

Capital Gain outlook: For Nong Pa Khrang, a realistic appreciation range is 2-4% per year, driven by end-user housing and employee tenants. Nearby larger projects (e.g., Supalai Monte 2 and The Treasure By my Hip area) help reinforce the location’s liquidity. Key risk is rental competition from many second-hand units, so upside is strongest when buying below market and upgrading the unit to reduce vacancy and lift achievable rent.