The Wing Place

The Wing Place is located at 25 Soi Pairuay, Suthep, Mueang Chiang Mai, Chiang Mai 50200, in a convenient residential area behind Chiang Mai University, close to Suthep Road and Chiang Mai International Airport. The location is suitable for both owner-occupiers and rental demand from students, medical staff, and working professionals.

The project is a low-rise condominium, developed as a residential building of approximately 5 floors with 1 building and around 60 units. Parking is provided within the project at a ratio appropriate for a boutique-scale development. Unit types generally include studio and 1-bedroom layouts, suitable for 1-2 residents.

Facilities focus on essential daily use, including a lobby, common area, passenger lift, and parking. Security features include controlled building access, CCTV, and on-site staff during certain hours.

The project was completed around 2014 and was developed by a local Chiang Mai developer. However, publicly available information regarding the developer and property management company remains limited. Buyers or tenants should verify these details directly with the juristic office or official project documents.

A key strength of the project is its location near Chiang Mai University, Maharaj Nakorn Chiang Mai Hospital, and the Nimman area, where rental demand tends to remain steady. For a nearby condominium option, see D’Vieng Santitham.

The Wing Place (Soi Pairuay, Suthep, Chiang Mai) is a low-rise condo positioned for real rental demand from office workers and students in the Suthep-Nimman area. Compared with nearby projects such as The Nimmana and the One Plus cluster, its pricing tends to be more accessible, supporting stable occupancy.

• 2026 resale price per unit: studio to 1-bed (28-35 sq.m.) typically THB 1.65-2.25M
• Price per sq.m.: around THB 58,000-70,000 (well-kept units can approach 70,000)
• Average rent: about THB 9,500-12,500 per month on 1-year leases (fully furnished)

Rental Yield (worked example): Buy at THB 1.85M and rent at THB 11,000 per month. Annual rent = 11,000 x 12 = THB 132,000. Gross yield = 132,000 ÷ 1,850,000 = 7.1% per year (before common fees, maintenance, and vacancy).

Capital Gain outlook: In Suthep, price growth is usually gradual rather than speculative. A reasonable 2026-2028 expectation is 2-4% per year. A THB 1.85M unit could move to roughly THB 1.92-2.00M over two years. The key investment edge is consistent leasing demand; the main risk is unit-to-unit competition, so condition, layout, and an easy-to-rent floor level matter.