Residences at Four Seasons Resort Chiang Mai is an exclusive and private collection of villas and condominiums located upon 35 acres (75 rai) amid the stunning scenery of the Mae Rim Valley. Located adjacent to Four Seasons Resort Chiang Mai, it is just 30 minutes from Chiang Mai International Airport. The project is comprised of 24 Residence Condominiums, housed in three- and four-story Lanna-style villas, and a new development of five spacious Villa Residences.
Residences were designed by the well-known Lek Bunnag Architects in Bangkok, with landscaping and master plan designed by Bill Bensley. The magnificent condominium residences range in size from approximately 350 square meters to 550 square meters, and are offered in three different styles; Garden Terrace, Mountain View and Penthouse. The garden units feature their own individual plunge pools, while the Penthouses occupy the top two floors of each villa. Exclusive four-bedroom villas offer the heights of refinement and luxury living, featuring private lap pools, fully equipped kitchens, full back-of-house amenities and stunning private gardens.
Residents can access the amenities of nearby Four Seasons Resort Chiang Mai. These include a wide range of luxurious facilities and services, such as a fully equipped fitness center, tennis courts, library and reading room, a world-class spa, and some of the best dining options in Thailand. Owners will also enjoy a world of five-star amenities, including all-day room service, bell attendant service, 24-hour telephone operator, cable television, 24-hour security, car parking and housekeeping.
All private villas are now completed and are available for immediate viewing or purchase.
At Residences at Four Seasons Resort Chiang Mai, we offer both freehold and leasehold structures, depending of the eligibility of the purchaser. Under the present law, freehold ownership is available to Thai nationals or Thai registered companies. For non-residents, we provide 90-year leasehold ownership, comprising three successive 30-year terms. Through leasehold arrangement, non-residents can acquire a villa without the hassles of having to set up a Thai company (non-Thais can only own up to 49% of a company).
Yes, there are charges associated with the registration of both freehold and leasehold interests and these fees are payable to the Land Department. For freehold interest, the associated costs include transfer fee and stamp duty (approximately 1% of the appraisal price), while for leasehold interest, registration fee and stamp duty amount to 1.1% of the leasehold amount.
After registering the lease agreement at the Land Department, the purchaser will have unfettered rights to use the land and make improvements, in accordance with the terms and conditions of the lease agreement. Leasehold rights can be transferred to a third party, but the new owner shall remain bound to the conditions and provisions stipulated in the initial lease agreement. An option clause to convert the property to freehold status during the term of the lease is included in the agreement, providing the lessee is qualified under Thai law. The lessee would be responsible for all taxes and legal and administrative costs associated with such conversion.
Yes, owners have the option of putting their villa into the rental program. The rental program is a one-year contract with an option to renew. For the utmost convenience to owners, our villas come fully-furnished with the highest quality specially-designed furniture and fixtures.
Upon signing the rental agreement, owners are asked to provide a schedule of when they would like to use their villas over the next 12 months. Owners can reside in the villas for as long as they like. Owners can withdraw from the program by giving 90 days’ written notice. Any reservation made prior to the termination of the contract must be honored.
Revenues received by the resort management are allocated to the owner (60%) and the resort operator (40%) after the expenses associated with marketing of the villa have been deducted.
The external area of the villas and common area facilities are managed by our dedicated staff, trained and supervised by the report management team, to ensure that the quality of service and standards matches that of the resort. This will include general administration, landscaping, maintenance, routing and preventive maintenance, general repairs, pest control, refuse collection, pool cleaning and 24-hour security.
Owners are responsible for the payment of maintenance and management fees to properly maintain common area infrastructure and amenities. Owners are also responsible for specific charges such as electricity, water and sundries for their individual villa. Additional expenses include the daily housekeeping charge which includes linen change, turndown services as well as toiletries and cleaning supplies. Housekeeping costs only apply during the owner’s stay.
