Chiang Mai condominium market

New condo market in Chiang Mai growing up and booming again

Condos in Chiang Mai are the easiest and the most practical way to acquire to acquire property and many people especially retirees coming to live in this city are taking advantage of this.

Thus the year 2013 has seen a boom in Chiang Mai market after a period of stagnation.

In the past years, the condos in Chiang Mai market had drastically reduced due to many factors. Among them being the fact that, condos in the city were built with Thai market in mind. Thus they lack some of the key characteristics favoured by the westerner such as sizable balconies, natural and space light and kitchenettes. Also, many of condos in Chiang Mai are nearly empty or under occupied. And this air of abandonment according to the popular belief will not attract tenants whatever the price.

The Chiang Mai condominium market

Despite this, there are several buildings that are quite popular with the foreigners, usually because of their location, professional management and high level of comfort. Among some of the most popular buildings in Chiang Mai as per today include Hillside 4 and Flora. Hillside 4 close to KadSuanKaew Mall all located on HuayKaew road and the trendy Nimminhemin road, is in a steady demand especially by foreigners and has held its value due to proper maintenance. Flora on the other hand, is a bit expensive in comparison to Hillside 4 but equally popular.

The real estate growth that had ground to halt due to the 1997 financial crisis has regained a peak again. According to Colliers International and to the latest Chiang Mai Market Report, developers have started building there again and in the first 5 months of the year 2013 saw the greatest number of unit come into the market in the last seventeen years. These new units are being sold at prices that were around 11% higher than in the same period last year.

“There were more than six thousand units launched from the year 2011 to 2012 and approximately 1,840 units were launched within the first 5 months of 2013. Approximately 4,260 units or fifty four per cent of the total units that were launched from 2011 to May 2013 are located in the outer city, while 3,600 units are located in the city area,” said a company executive.

Buildings in the downtown area supply increased significantly in the year 2011, and the number of the town condominiums constructed in the last year were up on 2010. Despite the average selling price in the city being 14% higher than in the outskirts of the city, this trend is expect to continue until 2014, with 1800 outer city apartments due to be completed in the course of this year.

Chang Mai Golf

Chang Mai Golf: Where to play?

At the time being, Chiang Mai is considered one of the most popular destinations for those who are passionate about golf: the convenient location of the golf clubs (positioned close enough to the city, yet far enough so that the city noise does not bother the players) coupled with attractive golf packages attract tens of thousands of tourists every year. The golf courses are tailored to meet the requirements of every player, they are affordable and the overall price of the course usually includes the logistic and green fees as well.

No matter if you want to play golf and let off some steam or if you are on holiday with your family to Chiang Mai, there are plenty of golf clubs to choose from. These clubs offer in-depth courses that are perfect not only for professionals, but also for beginners, and most clubs have an experience of over 20 years in this field.

One of the most notable benefits of Chang Mai golf clubs is that they are often located less than 30 minutes away from the hustle and bustle of the city, and there are plenty of buses and taxis that commute between Chiang Mai and the golf clubs nearby. Besides, when you apply for a course you do not need to worry about equipment – you will find everything you need there, from shoes and golf balls to caddies and carts.

Chang Mai Golf

An Overview Of The Top 3 Golf Clubs And Courses In Chiang Mai

The Green Valley Country Club

As mentioned above, there are numerous Chang Mai golf clubs around the city, but some of them stand out from the rest. The Green Valley Country Club, for instance, was opened more than 20 years ago, it is placed very conveniently in a neat area with few trees and there are numerous elevation changes that make the golfing sessions even more interesting.

The course prices are reasonable, and coming to this golf club is certainly a good way to spend your afternoon. Moreover, the club is open every day and there is even a professional golf shop where you can buy additional items and equipment, if you need any. A restaurant and a sauna are also located nearby for those who want to relax and let off steam.

The Royal Golf Classes

There are also very sought-after nowadays because the club is positioned in an outstanding valley with plenty of mountains and waterfalls nearby – there is no better way to relieve stress! Here you will find trained and skilled golf instructors that can teach you everything you need to know about this sport, and the club even offers accommodation options for those who are interested (along with a number of facilities, from fitness and massage centers to an outdoor swimming pool).

The Alpine Golf Resort

It is one of the oldest and most popular golf courses in Northern Thailand, and it has managed to make a name for itself over the years. It is perfect for professional and amateur golfers, is has beautiful surroundings and facilities like tennis courts, snooker rooms, spa and fitness centers and such.

The Chiangmai Golf Classic is a golf tournament on the Asian Tour played in 2013 at the Alpine Golf Resort-Chiangmai in Chiang Mai Thailand.… Chiangmai Golf Classic