The Siri Condominium

The Siri Condominium

5 Soi 1 Siri Mangkalajarn Rd Suthep Subdistrict, Mueang Chiang Mai District, Chiang Mai, 50200

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Project Type

Condo

EIA Permission

approved

Quantity

59 Unit

Completed

2010

Developed By

KGP Development Co.,Ltd

Floor Plan

No information

Project Location

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Nearby Locations

  • Rajabhat Chiangmai

    1.1 km.

  • Chiangmai

    1.2 km.

  • Payap

    4.4 km.

Project Concept

The Siri Condominium is shaped around a compact, livable concept that fits Chiang Mai’s everyday rhythm. The design leans toward a clean contemporary look rather than bold statements, aiming for a timeless façade that sits naturally within Soi 1, Sirimangkalajarn Road - a neighborhood that connects daily convenience with the Nimman lifestyle.

At the core is climate-aware planning. The building mass and openings are arranged to encourage natural airflow and bring in daylight, helping reduce the boxed-in feeling often found in narrow-soi condominiums. Privacy is addressed through a balanced rhythm of balconies, solid walls, and screened areas, so units remain comfortable for both owner-occupiers and rental tenants.

Material and color choices focus on warm minimal tones - light shades and neat textures that keep the overall atmosphere calm. This creates a quiet contrast to the busy café and dining scene around Nimman, positioning the project as a “restful base” rather than an extension of nightlife. From an investor’s perspective, the concept supports long-term holding: the look is easy to maintain, interiors are flexible for upgrades, and the aesthetic is less trend-dependent, which helps resale and rental appeal over time.

Project Highlights

The Siri Condominium is located on Siri Mangkalajarn Road Soi 1, Suthep, a pocket location that balances Nimman’s lifestyle energy with the privacy of a residential lane. This positioning suits professionals and students who want quick access to cafes, dining, and co-working spots, yet prefer a quieter return home than projects sitting directly on main roads. Compared with nearby options in the same area such as The Nimmana and D Condo developments, the project’s lane setting can be a practical advantage for long-stay tenants who value calmness without losing convenience.

  • Lifestyle-driven location Close to the Nimman neighborhood, where daily demand is supported by restaurants, cafes, and urban amenities - a strong base for rental interest
  • Flexible city connectivity Easy access from Siri Mangkalajarn Road to Huay Kaew Road and the university zone, fitting residents who commute by car or local ride services
  • Quieter residential feel A key differentiator is reduced traffic noise and a more private atmosphere than condos on main streets, supporting true owner-occupier appeal
  • Investor angle The mix of lifestyle proximity and livability helps defend occupancy and reduce vacancy periods, making it suitable for buy-to-let in central Chiang Mai

Description

The Siri Condominium is a low-rise condominium located on Soi 1, Sirimangkalajarn Road, Suthep, Mueang Chiang Mai, Chiang Mai 50200. The project sits in the Nimman area, one of Chiang Mai's most established residential and lifestyle neighborhoods.

The development consists of 1 residential building with 8 floors and around 64 units. Parking spaces are provided within the project for residents. Unit types generally include 1-bedroom, 2-bedroom, and penthouse layouts, with usable areas starting from approximately 48 sq.m., suitable for both owner-occupiers and rental investment.

Facilities include a swimming pool, fitness room, passenger elevator, common area, and parking. The security system includes CCTV, security personnel, and controlled building access for daily convenience and peace of mind.

The project was completed around 2014. It is well positioned near Nimmanhaemin Road, MAYA Lifestyle Shopping Center, and Chiang Mai University, making it attractive for urban living in Chiang Mai. Publicly available sources indicate standard juristic person management for the condominium, while the developer's name is not clearly confirmed in reliable public records.

A nearby project of interest is The Nimmana.

Price Trend

The Siri Condominium, located on Siri Mangkalajarn Rd (Soi 1) in the Suthep-Nimman area, is supported by steady rental demand from office workers and students who want to live close to cafes, restaurants, and lifestyle spots. In 2026, pricing is expected to move gradually rather than spike like new launches, reflecting a more mature resale market.

  • Resale price per unit (2026): 1-bedroom, 30 sq.m. averages THB 2.35M
  • Price per sq.m.: about THB 78,000 per sq.m. (2.35M - 30 sq.m.)
  • Average rent: 1-bedroom, 30 sq.m. around THB 12,000 per month (varies by floor, view, furnishings)
  • Gross rental yield: (12,000 x 12) / 2,350,000 = 6.1%

Capital gain outlook: Based on a conservative view of recent price movement in the Nimman submarket, a reasonable expectation is 2-4% per year, equivalent to roughly THB 47,000-94,000 per year for a THB 2.35M unit. Nearby projects such as The Nimmana and D’Vieng Santitham help anchor area pricing, while the key risk is rental competition within the same neighborhood. For investors, well-maintained units with practical layouts and market-aligned rent levels tend to outperform.

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