The Erawan Condo
178 Loi Kroh Rd Chang Khlan Subdistrict, Mueang Chiang Mai District, Chiang Mai, 50100
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Project Type
EIA Permission
Quantity
Completed
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Project Location
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Nearby Locations
Rajabhat Chiangmai
1.9 km.
Payap
2.9 km.
Chiangmai
3.3 km.
Project Concept
The Erawan Condo on Loi Kroh Road in Chang Khlan is shaped by a design concept best described as “livable urban hospitality” - a condominium that feels calm and practical, yet fits Chiang Mai’s tourism-driven city center where rental demand often comes from long-stay travelers and local professionals.
The building language is contemporary and restrained. Clean lines and a light visual mass reduce maintenance complexity and keep the façade looking timeless. Warm tones and tactile finishes are used to echo Chiang Mai’s familiar palette - reminiscent of wood and stone often associated with Lanna character - but interpreted in a modern, minimal way that appeals to both short-term and long-term tenants.
Inside the units, planning focuses on real usability rather than decorative space. Living areas are proportioned to be flexible for working from home, relaxing, or hosting, supporting the practical needs of residents and the expectations of renters who prioritize function in a compact footprint. Openings are positioned to encourage airflow and reduce stuffiness, aligning with Chiang Mai’s climate and helping everyday energy use feel more efficient.
Overall, the project positions itself as a straightforward, comfortable city condo with a locally grounded mood - a design approach that supports owner-occupiers and investors seeking a rental-friendly product in the Chang Khlan and Night Bazaar area.
Project Highlights
The Erawan Condo is located on Loi Kroh Road in the Chang Klan-Night Bazaar area, one of Chiang Mai’s most active districts where end-user demand meets strong rental demand from visitors. With cafés, restaurants, and hotels nearby, the project benefits from a walkable lifestyle and flexible rental positioning compared with condos tucked deep inside smaller lanes.
- Walk-to-city location Close to Chiang Mai Night Bazaar and the Tha Phae-Old City zone, making it practical for daily living and attractive for tenants who prefer to explore on foot.
- Smooth connectivity Convenient links to Chang Klan, Tha Phae, and central roads; driving to Chiang Mai Railway Station and Chiang Mai International Airport is relatively quick, fitting frequent travelers and short-stay renters.
- Everyday conveniences around the block Surrounded by convenience stores, dining options, and tourism services, reducing day-to-day travel time and supporting a hassle-free stay.
- Investment edge A tourism-led micro-location that can balance monthly rentals and short-term stays, with stronger occupancy potential during high season and event periods in the city center.
Description
The Erawan Condo is located at 178 Loi Kroh Road, Chang Khlan, Mueang Chiang Mai, Chiang Mai 50100, in a central urban area with convenient access to Chang Khlan Road and the Chiang Mai Night Bazaar. The location suits both long-term living and investment for rental demand.
This condominium is a Low Rise project comprising 1 building, 8 floors, and approximately 98 residential units, with on-site parking available for residents. The project was completed around 2012 and was developed by The Erawan Group. Unit types mainly include studio, 1-bedroom, and 2-bedroom layouts, suitable for single residents, couples, and investors targeting the city rental market.
Facilities include a swimming pool, fitness room, elevator, common area, and parking area. Security features include CCTV, security guards, and controlled building access, supporting a comfortable and secure residential environment.
The project is managed by a juristic person responsible for the building and common area maintenance in line with standard condominium management in Chiang Mai. Its key advantage is the location near Chiang Mai Night Bazaar, hotels, restaurants, and employment hubs in the Chang Khlan area, with convenient travel to the Old City and Chiang Mai International Airport. For a nearby project, see Supalai Monte 2 Chiangmai
Price Trend
The Erawan Condo on Loi Kroh Road (Chang Klan) is positioned in a rental-driven pocket near the Night Bazaar and the old-city edge. Demand is typically supported by hospitality staff, service-sector tenants, and medium-stay renters, while competing supply in Chiang Mai remains active from nearby projects such as D Condo Sign and The Treasure By my Hip.
- 2026 resale pricing: a typical 1-bedroom, 32 sq.m unit averages THB 2.05M, or about THB 64,000 per sq.m (commonly seen range THB 58,000-70,000 per sq.m depending on condition and furnishings).
- Average rent: THB 12,500 per month (typical range THB 11,000-14,000 per month for 1-bedroom units).
- Gross rental yield: (12,500 x 12) = THB 150,000 per year; 150,000 - 2,050,000 = 7.3% per year. This is before common fees, taxes, and vacancy periods.
- Capital gain outlook: using an estimated 2024 benchmark of ~THB 60,000 per sq.m versus ~THB 64,000 per sq.m in 2026 implies ~6-7% growth over two years (about ~3% per year). The key strength is liquidity from a tourism-backed location, but price upside may be capped by new-build competition and aggressive promotions in the city market.
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