Punna Oasis 1

Punna Oasis 1

420, 76 Chiang Mai-Lampang Superhighway Road, Nong Pa Khrang Subdistrict, Mueang Chiang Mai District, Chiang Mai, 50000

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Project Type

Condo

EIA Permission

approved

Quantity

152 Unit

Completed

2015

Developed By

Punna Development Co., Ltd.

Floor Plan

No information

Project Location

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Nearby Locations

  • Payap

    1.4 km.

  • Rajabhat Chiangmai

    2.3 km.

  • Chiangmai

    4.3 km.

Project Concept

Panna Oasis 1 is shaped around the idea of an “urban oasis” in Nong Pa Khrang, a fast-growing residential pocket near Nong Prateep intersection. The design aims to buffer everyday city movement with a calmer, greener living atmosphere, while still keeping practical access to key destinations such as Central Chiang Mai and the Arcade bus terminal within a short drive.

The architecture follows a clean contemporary language, focusing on a light and airy building mass rather than a heavy, enclosed block. Openings, balconies, and façade proportions are arranged to bring in natural daylight and encourage cross-ventilation - an important response to Chiang Mai’s hot season and shifting breezes.

At the core of the “oasis” concept is the shared space and landscape strategy. Green pockets and quiet seating corners are used to create privacy and a resort-like mood, supporting both end-users and investors. In a neighborhood where demand often comes from working professionals and small families, this calm, nature-forward positioning helps the project stand out from nearby high-density developments and supports long-term rental appeal.

Project Highlights

Panna Oasis 1 is located in Nong Pa Khrang on Chiang Mai’s eastern side, a residential pocket with proven rental demand from office workers and students. The area offers a practical “city-edge” lifestyle - easier access to downtown while staying calmer than the Old City core.

  • Convenient lifestyle location A short drive to Central Festival Chiang Mai and a dense cluster of eateries and cafes, supporting day-to-day living and tenant appeal.
  • Flexible connectivity Well-linked to main east-side roads, allowing straightforward trips to Nimman, the Old City, or outward toward San Kamphaeng - suitable for both owner-occupiers and landlords.
  • Oasis-like atmosphere A key differentiator is the greener, more private feel, leaning toward a relaxed, resort-style mood rather than a crowded inner-city condo.
  • Investment relevance Surrounded by multiple established condo projects in the same vicinity, which helps indicate market liquidity and a steady pool of prospective renters.

Overall, it fits buyers seeking a livable Chiang Mai condo with a calmer setting, practical access to key destinations, and consistent rental potential in an active neighborhood.

Description

Punna Oasis 1 is a low-rise condominium located at 420/76 Nong Pa Khrang, Mueang Chiang Mai, Chiang Mai 50000. The project sits in a residential area near Chiang Mai - Doi Saket Road and within convenient reach of Central Festival Chiang Mai, making it suitable for both owner-occupiers and rental investment in the eastern side of the city.

The development comprises 3 buildings, each 8 storeys high, with approximately 152 residential units. Parking is available for around 40% of the total units. Unit types include studio, 1-bedroom, and 2-bedroom layouts, with starting sizes of about 32 square meters depending on unit configuration and interior fit-out.

Facilities include a swimming pool, fitness room, garden area, lobby, and common spaces for relaxation. Security features consist of security guards, CCTV, and keycard access, helping enhance privacy and safety for residents.

The project was completed around 2015. It was developed by Punna Development Co., Ltd. and is managed by the condominium juristic management team for ongoing maintenance of common areas.

For nearby comparable projects in the same area, you may also consider Supalai Monte 2 Chiangmai.

Price Trend

Panna Oasis 1 (Nong Pa Khrang, Mueang Chiang Mai) in 2026 sits in the east-side condo pocket where demand is driven mainly by local employees and tenants seeking affordable monthly rent. Nearby competitors such as Supalai Monte 2 and D Condo Sign keep resale prices from jumping sharply, but they also help sustain a liquid rental market.

  • Resale price per unit (2026): 1-bedroom, 30 sq.m. averages THB 1.65 million
  • Price per sq.m.: about THB 55,000 per sq.m. (1.65m ÷ 30)
  • Average rent: THB 8,500 per month (1-bedroom with basic furniture)
  • Rental Yield: (8,500 x 12) ÷ 1,650,000 = 6.18% p.a. (before common fees and taxes)

Capital gain view: Using a practical benchmark of ~THB 52,000 per sq.m. in 2024 for similar resale stock in the same area, moving to THB 55,000 per sq.m. in 2026 implies roughly a 5.8% gain over two years, or about 2.9% per year. The investment case therefore leans more on stable rental cashflow than short-term price speculation.

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