RealData weekly · 2026-08-03 · city-spotlight
Chiang Mai is leading RealData's national yield ranking this week. Two buildings in Mueang and San Sai districts are printing gross yields above 14% on sub-฿1.3M average sale prices — a spread of more than 7 percentage points over the current Bank of Thailand MRR of 7.1%. That gap is wide enough to matter even after vacancy and management friction.
SR Complex leads at 14.2% gross yield on an average sale price of ฿1,267,180 and ฿15,000/month rent — the cheapest route to the top of this week's table. The Private Condo in San Sai is nearly identical: 14.01% yield, ฿1,208,413 average price, ฿14,106/month rent. The difference between the two is noise; execution risk — vacancy rate, lease terms, management quality — will determine which outperforms.
Both buildings are priced well below The Spring Loft, which commands ฿3,097,000 average sale price but still delivers 10.53% gross yield on ฿27,185/month rent. That is a larger absolute rent, not a larger return — important if capital allocation rather than cash quantum is the objective.
At 7.1% MRR, the spread on SR Complex is +7.1 pp and on The Private Condo is +6.9 pp. The Green City Condo at 8.81% and SR Land Condominium at 7.98% still clear the benchmark, but the buffer shrinks fast once you model a single vacant month per year.
Chiang Mai's rental market is driven by a mix of digital nomads, university students, and retirees — demand that is real but seasonal. Buyers chasing the 14% headline should confirm whether the rent figures in our dataset reflect year-round occupancy or peak-season listings before committing capital.
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This post is part of RealData's auto-generated weekly series, drawn from our live measurement of every Thai condo we can find across hipflat, dotproperty, ddproperty, and fazwaz. Every number cited above was re-verified against the live database immediately before publish. See more at /blog.