Punna Residence 2 @ Nimman

Punna Residence 2 @ Nimman

48 Nimmanhaemin Road, Suthep Subdistrict, Mueang Chiang Mai District, Chiang Mai, 50200

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Project Type

Condo

EIA Permission

approved

Quantity

79 Unit

Completed

2010

Developed By

Punna Development Co., Ltd.

Floor Plan

No information

Project Location

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Nearby Locations

  • Chiangmai

    726 M

  • Rajabhat Chiangmai

    1.5 km.

  • Payap

    4.8 km.

Project Concept

Panna Residence 2 @ Nimman is shaped around a “calm-living in lively Nimman” concept - delivering the energy of Chiang Mai’s most active lifestyle district while protecting everyday privacy. The massing is kept compact rather than bulky, with building placement that encourages cross-ventilation and natural daylight, reducing the boxed-in feeling often found in inner-city condominiums.

The architecture speaks a contemporary language with a subtle Lanna influence. Warm earth-tone palettes, tactile finishes, and carefully proportioned openings create a play of light and shadow that adds depth without becoming decorative for its own sake. This approach fits the Suthep-Nimman context, where cafés, galleries, and boutique stays set a refined yet relaxed mood.

Inside, the planning prioritizes real usability. Units are designed to feel bright and breathable, with balconies supporting air flow and clear zoning that separates living, resting, and working corners. From an investor viewpoint, the design aims to stay relevant over time: neutral, timeless aesthetics that avoid short-lived trends and are easier to maintain. The result is a residence positioned for both end-users and rental demand driven by visitors and professionals who want Nimman convenience without sacrificing comfort.

Project Highlights

Panna Residence 2 at Nimman is a condominium in Suthep, right within the Nimman lifestyle district, where rental demand is driven by professionals, students, and travelers. The location is walkable to Nimman’s dining and café scene and remains competitive among nearby projects such as The Nimmana and D’Vieng Santitham, making it suitable for both end-users and investors.

  • Prime Nimman address Close to Nimmanhemin Road and the Maya area, surrounded by shopping, restaurants, and everyday services, with convenient access to Chiang Mai University.
  • Efficient city connectivity Easy routes via Huay Kaew Road and the Chiang Mai-Lampang Superhighway, with straightforward access to Chiang Mai International Airport, ideal for frequent commuters.
  • Facilities aligned with urban living Shared spaces designed for relaxation and tenant comfort, supporting occupancy and long-term value retention.
  • Investment edge Strong leasing fundamentals in a high-demand zone, attracting both short-stay and long-stay tenants, which helps diversify rental risk versus outer districts.

Description

Punna Residence 2 at Nimman is located at 48 Suthep, Mueang Chiang Mai, Chiang Mai 50200, in the heart of the Nimman area, one of the city’s most established residential and lifestyle neighborhoods. The project is a Low Rise condominium comprising 1 residential building with 8 floors and approximately 79 units, with on-site parking suitable for the scale of the development.

Unit types include 1-bedroom, 2-bedroom, and penthouse layouts, with usable areas starting from around 47 square meters. This mix suits both owner-occupiers and investors, especially those targeting tenants working in Nimman, Chiang Mai University, and the inner city area.

Facilities include a swimming pool, fitness room, lobby, relaxation area, passenger elevator, and parking spaces. The security system includes security guards, CCTV, and key card access for controlled entry and exit.

The project was completed around 2011 and developed by Panna Living and Property. Building management is operated under standard condominium juristic management. Its main strength is the location near One Nimman, MAYA Lifestyle Shopping Center, Nimmanhaemin Road, and Chiang Mai University, making it attractive for both long-term living and rental investment. For a nearby project, see D’Vieng Santitham.

Price Trend

Panna Residence 2 @ Nimman (Suthep, Mueang Chiang Mai) shows resilient 2026 resale pricing, supported by long-stay tenants around Nimman- CMU back gate and relocating professionals. Pricing typically sits slightly above Santitham condos, while staying comparable to peer Nimman projects such as The Nimmana.

  • Resale price per unit: 1-bedroom, 35 sq.m. averages THB 3.50M (commonly THB 3.20-3.90M)
  • Price per sq.m.: avg THB 100,000 per sq.m. (range THB 92,000-110,000)
  • Average rent: THB 18,000 per month (range THB 16,000-22,000 depending on fit-out and condition)

Rental Yield (2026): simplified calculation THB 18,000 x 12 = THB 216,000 per year. Divide by purchase price THB 3,500,000 gives 6.17% gross yield. After common fees and maintenance, net yield often lands around 4.8-5.5%.

Capital Gain outlook: With limited new supply close to Nimman’s lifestyle core, a gradual appreciation of 2-4% per year is a reasonable base case, equal to roughly THB 70,000-140,000 per year on a THB 3.5M unit. Key risks are rental competition from nearby projects and seasonal softness in Chiang Mai’s leasing demand.

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