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Condo

Palm Springs Nimman Royal

Palm Springs Nimman Royal

18 Huay Kaew Road, Suthep Subdistrict, Mueang Chiang Mai District, Chiang Mai, 50200

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Project Type

Condo

EIA Permission

approved

Quantity

68 Unit

Completed

2017

Developed By

Palm Springs Place Co., Ltd.

Floor Plan

No information

Project Location

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Nearby Locations

  • Chiangmai

    1.0 km.

  • Rajabhat Chiangmai

    1.2 km.

  • Payap

    4.5 km.

Project Concept

Palm Springs Nimman Royal is shaped by a design idea that blends “contemporary Nimman” with the refined calm often associated with Chiang Mai. The architecture leans on clean lines and warm, understated tones, softening the urban edge with natural-feel surfaces and textures that suit Nimman’s day-to-night lifestyle district.

The planning concept prioritizes privacy and clear circulation, guiding residents from the lobby to shared facilities with intuitive flow. Openings and visual angles are composed to welcome daylight and create a breathable atmosphere - a practical response to Chiang Mai’s climate, where comfortable evenings contrast with hotter seasonal periods.

Inside the residences, the focus is on real-life usability for both end-users and rental demand in the Nimman-Suthep area. Space is proportioned to feel efficient without being tight, with functional layouts that support easy living. A clean, neutral interior palette is intentionally chosen to fit a wide tenant profile - working professionals, students, and long-stay residents.

Overall, the project frames “quiet luxury done right” as its core: not overly flashy for the neighborhood, yet distinctive enough to be remembered - an approach that can translate into resilient rental appeal in one of Chiang Mai’s most competitive leasing markets.

Project Highlights

Palm Springs Nimman Royal is located in the Suthep-Nimman area, one of Chiang Mai’s most active rental markets, driven by office workers, lifestyle-focused tenants, and students. This makes the project relevant for both end-users and investors. While the neighborhood competes with nearby condos such as The Nimmana and several One Plus Jed Yod projects, the key advantage here is being anchored to a walkable lifestyle zone with dense daily services.

  • Nimman lifestyle location Surrounded by cafes, restaurants, and everyday convenience spots within easy reach, supporting a “less car-dependent” routine that many tenants prefer.
  • Practical connectivity Easy access to key city roads, enabling smooth trips to the university zone and central Chiang Mai. Note: Chiang Mai has no BTS or MRT, so road connectivity matters most.
  • Facilities that support real use Focus on livability with resident common areas and security systems, improving tenant confidence and retention.
  • Investor angle Nimman typically maintains steady leasing demand, especially for move-in-ready units, with potential for both monthly rentals and longer-stay tenants.

Description

Palm Springs Nimman Royal is a low-rise condominium located at 18 Suthep Subdistrict, Mueang Chiang Mai District, Chiang Mai 50200. The project sits in the Nimmanhaemin area, one of Chiang Mai's most sought-after residential and investment locations. It offers convenient access to Nimmanhaemin Road, Huay Kaew Road, and the Chiang Mai - Lampang Super Highway, while being close to shopping venues, restaurants, cafes, and Chiang Mai University.

The project was developed by Palm Springs Place Co., Ltd. and completed in 2016. It is a 7-storey residential building with approximately 78 units and resident parking spaces. Unit types mainly include studio, 1-bedroom, and 2-bedroom layouts, with usable areas starting from around 31 - 70 square meters, making it suitable for both owner-occupiers and investors seeking rental demand in the Nimman area.

Facilities include a swimming pool, fitness center, lobby, passenger elevator, common area, and parking. The security system includes security guards, CCTV, and key card access. Project management is generally handled by the condominium juristic person responsible for common area maintenance and overall building administration.

For buyers comparing nearby condominium options, you may also view The Nimmana.

Price Trend

Palm Springs Nimman Royal sits in the Nimman-Suthep pocket, where rental demand is supported by university communities, hospital staff, and long-stay foreigners. In 2026, resale pricing is expected to stay firm with mild upside, while nearby projects such as The Nimmana and the One Plus cluster add competitive supply.

  • Resale price per unit (2026): 1-bedroom, 30 sq.m. averages THB 3.15M
  • Price per sq.m.: about THB 105,000 (3.15M divided by 30 sq.m.)
  • Average rent: THB 16,500 per month (commonly THB 15,000-18,000)

Gross Rental Yield: 16,500 x 12 = THB 198,000 per year; Yield = 198,000 / 3,150,000 = 6.29% p.a. This is attractive for cashflow-focused investors, though vacancy, maintenance, and common fees should be deducted to estimate net yield.

Capital Gain view: Using a realistic 2026 Nimman growth range of 2-4% p.a., the sample unit may reprice to THB 3.21-3.28M within a year, implying THB 60k-130k upside. The key strength is genuine leasing depth; the main limiter is new and substitute supply keeping price acceleration moderate.

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