Palm Springs Nimman Phoenix

Palm Springs Nimman Phoenix is a low-rise condominium located at 6 Chang Phueak, Mueang Chiang Mai, Chiang Mai 50200, in the vibrant Nimman area, one of Chiang Mai's most sought-after residential and investment locations. The project was developed by Palm Springs Place Co., Ltd. and was completed around 2014.

The development consists of 1 residential building with 8 floors and approximately 61 units. Parking is available for some residents. Unit types mainly include 1-bedroom and 2-bedroom layouts, suitable for both owner-occupiers and the rental market, especially among Thai and foreign tenants seeking a city-center condominium.

Facilities include a swimming pool, fitness room, lobby, passenger elevator, and shared common areas designed for practical daily use. The security system includes CCTV, key card access, and security personnel, providing added confidence for residents.

A key advantage of the project is its location near Nimmanhemin Road, MAYA Lifestyle Shopping Center, Chiang Mai University, and Maharaj Nakorn Chiang Mai Hospital. This makes it attractive for both end-users and investors looking for consistent rental demand. The property is managed by the condominium juristic person, helping maintain the common areas in an organized manner.

A nearby project of interest is The Nimmana.

Palm Springs Nimman Phoenix (Chang Phueak-Nimman area) in 2026 is positioned as a “rentable, liquid” condo market supported by students, office workers, and long-stay residents. Pricing typically sits between premium Nimman projects such as The Nimmana and more affordable Santitham options like D’Vieng Santitham, making it attractive for yield-focused buyers.

• Resale price per unit: Studio to 1-bedroom (28-35 sq.m.) averages THB 2.75-3.60M
• Price per sq.m.: about THB 95,000-115,000, with fully furnished units commanding the upper band
• Average rent: THB 14,000-19,000 per month (12-month lease). A typical 30 sq.m. unit closes around THB 16,500

2026 Rental Yield: Example 30 sq.m. unit bought at THB 3.15M and rented at THB 16,500 per month. Annual rent = 16,500 x 12 = THB 198,000. Yield = 198,000 - 3,150,000 = 6.3% p.a. (before common fees, taxes, and vacancy).

Capital Gain outlook: Using a conservative growth range for the Nimman-Chang Phueak pocket of 2-4% per year, pricing could move from ~THB 105,000 to ~THB 110,000-113,000 per sq.m. within 12 months. Upside comes from steady rental demand and strong liquidity in small units; downside risk is rental competition from nearby supply (One Plus cluster and D Condo) that can cap rent growth in some periods.