Punna Residence 1 @ Nimman

Punna Residence 1 @ Nimman is located at 46/3 Suthep, Mueang Chiang Mai, Chiang Mai 50200, in the heart of the Nimman area, one of Chiang Mai’s most established residential and lifestyle districts. The project is a Low Rise condominium, developed as a single 8-storey building with approximately 40 residential units, offering a private living atmosphere suitable for both owner-occupiers and investors seeking rental demand in a prime urban location.

The unit types include 1-bedroom, 2-bedroom, and penthouse layouts. Room sizes are relatively spacious compared with many newer condominiums in the same neighborhood, making the project appealing for actual living rather than only short-term investment. Parking is available at around 100% of the total unit count, which is a notable advantage in the dense Nimman area.

Facilities include a swimming pool, fitness room, lobby, garden, and passenger lift. The security system includes CCTV, security guards, and controlled access to the building. The project was completed around 2007 and was developed by Punna Development Co., Ltd., a well-known property developer in Chiang Mai. Building management is handled under the condominium juristic person structure for common area maintenance and resident services.

In terms of location, the project is close to One Nimman, MAYA Lifestyle Shopping Center, Chiang Mai University, and Nimmanhaemin Road, making it attractive for Thai residents, expatriates, and long-stay tenants. For a nearby project comparison, see D’Vieng Santitham.

Panna Residence 1 @ Nimman (Suthep, Chiang Mai) remains a core rental pocket in 2026, supported by long-stay foreigners and urban professionals. Prices are more “stable with a mild upward bias” than volatile, although nearby supply such as The Nimmana and Santitham-area condos helps cap aggressive pricing.

• Resale price per unit (typical listing): 1-bedroom 45 sq.m. around THB 4.05M
• Price per sq.m.: about THB 90,000 (reasonable band 85,000-95,000 depending on condition)
• Average rent in 2026: THB 22,000 per month (range 20,000-25,000 based on furnishing and renovation)

Rental Yield (quick math): (22,000 x 12) minus 1 month vacancy = THB 242,000 per year. Divide by purchase price 4,050,000 = about 5.98% gross yield (before common fees, taxes, and maintenance).

Capital gain view: Using a conservative 2-3% annual appreciation typical for well-known Nimman locations, a THB 4.05M unit could move to roughly THB 4.13-4.17M over 12 months. Main risks are rental competition from nearby projects and newly renovated units that can attract tenants faster, pressuring achievable rent and occupancy.