The Shine Condominium

The Shine Condominium is located at 274 Chang Klan, Mueang Chiang Mai, Chiang Mai 50100, in one of the city's well known inner urban neighborhoods near the Night Bazaar and Ping River. This location is suitable for both residential living and investment, with convenient access to shopping areas, restaurants, hotels, and major city attractions.

The project is a High Rise condominium developed by The Shine Condominium Chiangmai Co., Ltd. and completed around 2014. It consists of 1 residential building with 15 floors and approximately 108 units, with parking spaces available for residents. Unit types generally include 1 bedroom, 2 bedroom, and penthouse layouts. The room sizes are considered relatively spacious compared with many condominiums in central Chiang Mai.

Facilities include a swimming pool, fitness room, lobby, relaxation area, passenger elevators, and parking. The security system includes 24 hour security staff, CCTV, and key card access control. Common area management is handled by the condominium juristic person.

From a residential and investment perspective, the project stands out for its central Chiang Mai setting, close to Chiang Mai Night Bazaar, international hotels, and Chang Klan Road. This area continues to attract both Thai and foreign tenants. For buyers seeking a city condo with practical living space, this project remains an interesting option. A nearby project for comparison is Supalai Monte 2 Chiangmai.

The Shine Condominium in Chang Khlan, Chiang Mai (close to the Night Bazaar-Tha Phae area) shows a stable-to-slightly-rising market in 2026, supported by long-stay tenants, local professionals, and some foreign renters. Compared with nearby projects such as D Condo Sign and One Plus (Mahidol area) where supply is heavier, this location benefits from being closer to the city core and day-to-day amenities, which helps occupancy for “liveable” long-term rentals.

• Resale price per unit: 1-bedroom, 32 sq.m. averages THB 2.25M (range THB 2.05-2.50M)
• Price per sq.m.: average THB 70,000 (range THB 64,000-78,000)
• Average rent: THB 12,500 per month (range THB 11,000-14,000) for fully furnished units

Rental Yield (2026): simplified method: 12,500x12 = THB 150,000 per year. Yield = 150,000 divided by 2,250,000 = 6.67% per year (before common fees, maintenance, and vacancy). This is competitive for inner-city Chiang Mai where typical gross yields often fall around 5-7%.

Capital Gain outlook: assuming Chang Khlan resale prices grow about 2-4% annually, a THB 2.25M unit could move to roughly THB 2.30-2.34M within 12 months, implying THB 45,000-90,000 in price appreciation. Key drivers are unit condition, view, and consistent rental performance rather than speculative spikes.