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Chiang Mai: Is the property Boom still on?

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LRT Approval may help raise Condo prices in Chiangmai

 

Two options still under consideration*

The Central Festival stop is to be on the Green Line

> ssc : http://www.skyscrapercity.com/showthread.php?t=2000150

seminar2_map1.jpg

 

the issue of Chiang Mai LRT networks to be decided during the last public hearing on 4 August 2017

First version with underground section within city wall - preferred by those Chiang Mai citizens - 35 km at 106,895 Million Baht including
==========
1. red line 11.87 km
2. green line 11.92 km and
3. blue line 11.11 km

Second version all at grade - preferred by OTP due to cheaper price tag - 40.57 km at at 28,419 Million Baht including
============
1. red line 15.65 km
2. green line 11.11 km and
3. blue line 13.81 km


the construction started from 2018 to 2020 and opened in 2021

1. Red line - Chiang Mai Government Complex - Chiang Mai International Airport - Mae Hia

started from Mae Hia Samaggi intersection (Big C Hang Dong intersection) - Chiang Mai International Airport - Central Airport - Chiang Mai University (Suan Dok campus) - Maharat Hospital of Chiang Mai - Wattanothai Phayap school - Chang Phueak bus terminal Rajabhat University of Chiang Mai - 700 Year Chiang Mai stadium - Chiang Mai International Convention Center - Nakhon Ping hospital

2. Blue line Chiang Mai Zoo - Tha Pae gate - Don Jan
started from Chiang Mai Zoo - Rajamangla Lanna University of Technology - Chiang Mai University (Suan Dok campus) - Nimmarnhemin road - Wat Phra Sing - Statue of 3 kings - Yuppharaj collage - Tha Pae gate - Nigh Bazaar - Anusarn market - San Pa Khoi market - Chiang Mai railway station - Big C Don Jan - Promenade

3. Green line - Mae Jo - Kad Luang (Warorot market) - Chiang Mai International Airport
started from Chiang Mai International Airport - Far East University - Central Airport - Nong Hoy market - Montfort Collage Regina Celi collage - Anusarn market - Night Bazaar - Kad Luang (Warorot market) - Prince Royal Collage - Dara Wittaya collage - McCormic hospital - Archade bus terminal - Central Festival - Mae Jo intersection - Ruam Choke intersection

3 Forms of investment - 100% Government, PPP with private sector, and fund raising through mutual funds along with loan
==
https://www.dailynews.co.th/economic/589315

__________________

*A big dilemma - the at grade version cost about 28,419 Million Baht and the section with underground section cost about 106,895 Million Baht. You should never forget that Chiang Mai is 720 years old (found at 12 April 1296) so any underground section require delicate handling.
https://www.matichon.co.th/news/617990

Construction of Chiang Mai LRT is to be started in March 2020 and done in 2023
https://www.thairath.co.th/content/1046887

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Green Light for Chiang Mai Light Railway Transit System

by CityNews

 

light-rail.jpg.c20041fbe200b1e678477de6e

 

CityNews – Deputy Governor of Mass Rapid Transit Authority of Thailand (MRTA) has agreed to the draft decree on the light railway transit system project in Chiang Mai, Phuket and Phang Nga.

 

Chiang Mai and Phuket will be the first two provinces to execute the plan as MRTA is now proposing the decree to the cabinet. Chiang Mai is expected to see a resolution on January 2019, estimating to begin the construction in 2020 and finish by 2023.

 

Full Story: http://www.chiangmaicitylife.com/news/green-light-for-chiang-mai-light-railway-transit-system/

 

===

LRT is NOT LINKED to Chiangmai/ Bangkok Railway, unfortunately

 

Train 13 Bangkok to Chiang Mai

Updated

November 28, 2017 By Darren C (BlogDaz)

If you want to take the overnight sleeper train from Bangkok to Chiang Mai, train number 13 is the one you want. This is the most popular choice for foreign tourists, and after we returned to Bangkok from Chiang Mai on train number 52 I can understand why. Train 13 departs from Bangkok Hua Lamphong train station every day at 7.35PM, and arrives in Chiang Mai at 8.40AM.

If you want to return to Bangkok on the same train you will need to book train number 14 from Chiang Mai. What makes train 13 so popular is the 2nd class air-conditioned sleeper car, the sleeper berths are different to the standard second class sleeper berths. Meaning you have more privacy if you are traveling as a group, the beds are a little longer, and this carriage has western style toilets.

PLEASE NOTE: many of the overnight sleeper trains have been upgraded since I wrote this post. You should be able to find details on 12Go.asia. If you have any doubts just get in touch with them.

Why Take The Train to Chiang Mai

It’s cheaper than flying, more comfortable than bus or coach, and much easier than the long tiring drive by car. We considered flying, but the cost of 6 air tickets was considerably more expensive than 6 train tickets. For many people, traveling by train in Thailand is a “bucket list” item, not only a means of getting from A to B, but a truly authentic Thai experience.

Booking Train Tickets

The State Railway of Thailand no longer takes direct on-line bookings. You must either buy your tickets from the train station or use an agency like 12Go Asia. Long-haul train tickets can be purchased up to 60 days in advance, short haul tickets can be purchased up to 30 days in advance.

It would not have been economical for me to travel from Pattaya to Hua Lamphong train station in Bangkok just to purchase train tickets, so I booked them on-line through 12Go Asia ticket booking service.

The booking process is simple and efficient, and once you have purchased your train tickets you have the option of collecting them from the 12Go Asia office in the DOB building across the road from Hua Lamphong station any time before the train departs or 12Go Asia will mail the tickets to your hotel or residence.

==

> more: https://www.pattayaunlimited.com/train-13-bangkok-to-chiang-mai/

 

/ 2 /

The Overnight Train - Chiang Mai to Bangkok (second class ...

https://www.tripadvisor.co.uk › ... › Bangkok - Things to Do › Thailand Railways
Rating: 5 - ‎Review by a TripAdvisor user

Beautiful morning light and sunrise over an ever changing Thai landscape in the morning before you arrive in Chiang Mai. We did experience "sea legs" for a few hours after we got off the train, which can happen after you been rocking on a train for 12 hours. If you aren't okay with some movement while you sleep, then ...

 

/ 3 /

Thailand approves long-delayed US$5.2b rail link to China | South ...

www.scmp.com › News › China › Diplomacy & Defence

Jul 11, 2017 -

Thailand has also agreed to build a 700km high-speed rail connection between Bangkok and Chiang Mai using Japanese technology.

China lost the bid to Japan in 2016, and construction is scheduled to begin next year.

Thai Transport Minister ­Arkhom Termpittayapaisith has said local firms would be responsible for construction, while China would handle the design, technology, signalling systems and technical training.

“The project will use Thai ­materials but Chinese technology will be used in the construction,” Prayuth said. “We will send ­people to learn this so that we can operate the rail system ourselves in the future.”

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Supalai Monte 2 - photos showing the area nearby

 

chiang-mai-supalai-monte-ii-condo-16878.

Elle from Perfect Home introduces: 2BR unit, 29th fl. at SM-1

Supalai Monte 2 - when it had only started.

monte1-3.jpg

S. Monte-2, more recently > source: ssc

Supalai-Monte-II.jpg

SM 2 - when finished, should look as show above - a mirror image of SM 1?

The entrance of SM 2 faces a large street (Kaeo Nawarat Road) and across it is Central Festival Mall.

The corner at Lower left of SM2 (above the pool) looks out on a small lake and a blue-roofed school

 

Photos from above (taken by a drone?)

1/

Kl6dInA.png2/gZJcNnI.png

3/

9GepbvE.jpg

SM-2 under construction to the Left, with Wachirawit School (blue roof) and small lake to the right

4/

wTPrqO0.jpg

View from Roof of SM-1 looking down the Chiang Mai-Lampang Frontage Road.

Past Big-C mall, with the big open roof, and the Thai-China International Trade Center (yellow)

There's a nice growing CBD behind those two buildings with many nice retail outlets, coffee shop, and restaurants

==

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Thai-China International Trade Center (yellow) - Department Store

P1%20(2)%20copy.JPG

TCITC Description

Thai - China International Trade Center planned to start in 2012 and complete in 2014 (delayed into 2016)

which was designed to define the new concept of Chiangmai urban living;
- The grand shopping mall; the largest retail and wholesale fashion mall in northern area
- The IT hub; completed and various digital and mobile life devices and gadgets for retail and wholesale
- All-in-one service shop; banks, restaurants, counter services, supermarket
- Convenience; Chiangmai superhighway area and Chiangmai outer ring road.
- More than 1,500 parking lot area

==

> source: https://yellow.place/it/tcitc-thai-china-international-trade-center-chiang-mai-thailand

 

Detail on Buildings From above

9OUJTU9.jpg

 

View from Roof of SM-1 looking down the Chiang Mai-Lampang Frontage Road.

Past Big-C mall, with the big open roof, and the Thai-China International Trade Center (yellow building)

There's a nice growing CBD behind those two buildings with many nice retail outlets, coffee shop, and restaurants

==Kh1dRRF.jpg

Wachirawit School Chiangmai

From the philosophy of Mr. Watchara Tantranon, the licenses of Wachirawit School, which has designated the school educational management direction by aiming to develop the students so that they could gain academic excellence especially in Foreign Languages, Science, Mathematics and keep up with Technology to become universal, have analytical thinking, good physical and mental health, good morality and ethics, with the aesthetics of art , music and sports, can work well with others and can live happily in the society in order to respond to the changing circumstances that will occur in the future.

 

V Group is the leader real estate and land developer company in northern area of Thailand, found by Mr. WacharaTantranont in 1987 and well-known among local and regional investors. V Group has 14 sub- businesses in 4 business categories which led under the sole and motivated concept
==

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Chiang Mai is known for its design traditions & its "Lanna Spirit"

What does that mean? This video might help to illustrate

Think of a better future. Think of Lanna spirit.

The above video seems to be part of Thailand's efforts to develop its MICE industry

MICE = Meetings, Incentives, Conventions, and Events > wiki

Chiang Mai MICE City - English Version

 

Thailand continues to develop MICE capabilities, aims to be preferred MICE destination in Asia

 

VIDEO : Jul 24, 2014

The Thai MICE industry has grown substantially under the charge of the Thailand Convention & Exhibition Bureau (TCEB). In 2014 alone, Thailand expects to receive one million MICE visitors and to generate industry revenue of $3.2bn. With a strategic vision for further development of the MICE industry, Thailand aims to cement its place as the preferred MICE destination in Asia.

 

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A 700 Year old City

Chiang Mai | Documentary

Unique beauty with rare mix of colors, peace & harmony

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Update : Supalai Monte For Sale

There are 11 condos for sale in SUPALAI MONTE @ VIANG CHIANGMAI available from ฿1,900,000 to ฿6,000,000
There are 28 condos for rent in SUPALAI MONTE @ VIANG CHIANGMAI available from ฿9,000 to ฿25,000 per month (based on 1 year rental term).

Type     / Size   : For Sale,  Aver. prices : / Sqm : For Rent
Studio / 33 m2 : ฿ 2,200,000 ( 2 units ) : 66.7k : no units for rent
1 BR    / 36 m2 :  ฿ 2,150,000 (12 units) : 59.7k : ฿ 12,833 (22 units)
2 BR*   / 64 m2 :  ฿ 4,850,000 ( 2 units ) : 75.8k : ฿ 21,000 ( 6 units)
*corner units
============
The median list price per square meter in SUPALAI MONTE @ VIANG CHIANGMAI is ฿ 66,667 per sqm, which is 8.8% higher than the Mueang Chiang Mai median of ฿ 61,301 per square meter, and 8.6% higher than the Chiang Mai median of ฿ 61,387 per square meter.

The median rent price in SUPALAI MONTE @ VIANG CHIANGMAI is ฿ 15,131, which is 15.0% higher than the Mueang Chiang Mai median of ฿ 13,158, and 10.2% higher than the Chiang Mai median of ฿ 13,730.

The gross rental yield in SUPALAI MONTE @ VIANG CHIANGMAI is 8.3%.

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Chiangmai later maybe

Go-Ahead for High-Speed Thai Rail Link Set to Boost Belt and Road

 

With work beginning on the Bangkok-Nong Khai link, rapid pan-Asian rail connectivity looks set to become a reality.

Photo: Thailand on track: Can high-speed rail links deliver a tourism and economic dividend?
Thailand on track: Can high-speed rail links deliver a tourism and economic dividend?

A key element of the High Speed Rail (HSR) connectivity plan for Asia, an integral part of China's Belt and Road Initiative (BRI), was given the go-ahead early last month. This saw the Thai government formally authorise work to begin on phase one of the Bangkok-Nong Khai HSR project, an essential link in the overall network.

Back in 2016, work began on the much-delayed Kunming-Laos link, another key component of the wider network. More recently, Indonesia approved the Jakarta-Bandung HSR route. Meanwhile, the tender process for the 90-minute Singapore-Kuala Lumpur railway is set to commence in Singapore and Malaysia, with the project scheduled for completion by 2026.

In the case of the Bangkok-Nong Khai HSR link, this four-year, THB179 billion (US$5.3 billion) project will result in the creation of a 253km rail connection between Bangkok and Nakhon Ratchasima, the Thai city seen as the gateway to neighbouring Laos. In total, six stations will be constructed along the route – Bang Sue, Don Mueang, Ayutthaya, Saraburi, Pak Chong and Nakhon Ratchasima.

The line actually forms the first part of a three-stage project that will ultimately connect with Nong Khai and then Kaeng Khoi (Sara Buri)-Map Ta Phut (Rayong). At present, no schedule has been agreed for the completion of the final two phases.

Although phase one is primarily being financed from within Thailand, the Thai government is reportedly in negotiations with the Export-Import Bank of China with regard to financing the required high-speed rolling stock. The overall plan is for Thai firms to build the track, while China will supply the trains and signal systems, and provide technical support.

The long-term objective is to establish a trans-Asia high-speed rail link capable of delivering a journey time of just four hours between Bangkok and Vientiane, the Lao capital. Beyond Laos, the proposed link would then extend to Kunming in southwest China, feeding into the mainland's rapidly expanding inter-city HSR network, which had about 22,000km of track as of the end of 2016. Heading south from Bangkok, the high-speed link would also significantly reduce journey times to Kuala Lumpur and Singapore.

. . .

The advantages offered by the country's geographic location are central to its hopes of a sustained economic upturn. Set at the heart of continental Southeast Asia, Thailand shares borders with Myanmar, Laos, Cambodia and Malaysia, with the latter sharing a land border with Singapore, home to the world's second-busiest port. With a population of about 69 million and highly developed logistics and finance resources, Thailand is also seen as perfectly positioned to capitalise on the benefits of the free movement of people, products and capital guaranteed under the constitution of the ASEAN Economic Community.

It is also hoped that enhanced rail connectivity will boost tourism, which currently accounts for about 11% of Thai GDP. The country has already committed itself to becoming “the tourism hub of Southeast Asia” and has made considerable progress in terms of delivering on that. In 2016, for instance, it welcomed 32.6 million visitors, generating THB1.64 trillion in revenue. It is now looking to attract ever-increasing numbers of high-spending visitors from China, India and from throughout the ASEAN bloc.

At present, the Tourism Authority of Thailand is strongly promoting the country as a holiday destination in many of the mainland's second-tier and third-tier cities, having identified them as China's primary source of next generation tourists. Last year, about 8.8 million Chinese tourists visited Thailand, while the ASEAN bloc accounted for further 8.6 million visitors. Although the total number of tourists was up for the first half of 2017 year-on-year, the level of mainland visitors dropped by 3.83%.

 

> http://china-trade-research.hktdc.com/business-news/article/The-Belt-and-Road-Initiative/Go-Ahead-for-High-Speed-Thai-Rail-Link-Set-to-Boost-Belt-and-Road/imn/en/1/1X3CGF8J/1X0AAZGN.htm?utm_source=dianomi&utm_medium=contentrec&utm_campaign=1718r07mediahub_pad&utm_content=msg13_art01_asean

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SUMMARY : Supalai Monte 2
=========
+ Near Chiang Mai's high speed train station (coming soon)
+ Adjacent to Chiangmai's biggest shopping centre / Central Festival
+ 6% Rental rate of return

Interesting to see this project from Chiangmai being marketed in HK over the weekend
https://i.imgur.com/l8TBNXk.jpg
We visited the showroom over three years ago, when it first went on sale.
We have taken an interest ever since then...

I do not yet know the prices offered now, but it will be interesting to see how it compares with Bangkok,
and also the price from 3+ years ago.

 

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