Chiang Mai condo prices hit new highs

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Despite the political issues being faced by the country, the condominium market in Chiang Mai is so far showing no signs of being affected.  In fact, asking prices for high quality projects under construction adjacent to the Ping River have reached a new benchmark with The Baan Chiang Mai Riverside, an exclusive, luxurious 14-unit development just south of the city, quoting prices of THB 150,000/m2 – such pricing akin to some new projects in the capital Bangkok.

Simon Bradshaw, a director of Perfect Homes, a leading Chiang Mai property agency, said: “This just proves that, as we have said before, people are willing to pay for quality.  Without a doubt, the quality of projects in Chiang Mai, both in terms of design and finishes, has improved greatly over the last 2-3 years.”

The new luxury Baan Chiang Mai Riverside condo has pricing similar to Bangkok.The new luxury Baan Chiang Mai Riverside condo has pricing similar to Bangkok.

With 1-2 bed units ranging from 65m2 to over 120m2, and offering 3-4 different interior fit outs, The Baan Chiang Mai Riverside appears to offer something for everyone. The official launch of the project is planned for July.