Chiang Maicondo report

Frequently asked questions

How many condo buildings does RealData track in Chiang Mai?

RealData tracks 78 condo buildings in Chiang Mai across 7 sub-areas, sourced from hipflat. 43 buildings have a Bubble Index score (price vs. district average).

How do I find underpriced condos in Chiang Mai?

RealData's Bubble Index measures each building's median price-per-sqm against its district average. A Bubble Index below 90 means the building is priced below the local market. Currently 0% of scored buildings in Chiang Mai qualify as Super Value — underpriced AND with top-quartile livability scores. Look for the ★ Super Value badge on building cards.

Can foreigners buy condos in Chiang Mai?

Yes, with restrictions. Thai law caps foreign ownership at 49% of total floor area per building (Condominium Act Section 19). Foreigners can only purchase units in the 'foreign quota' portion. RealData surfaces the measured foreign-quota inventory share on each building page — so buyers can see at a glance whether a project still has foreign-eligible units.

What data sources does RealData use for Chiang Mai condos?

Listings and prices are sourced from hipflat.co.th with weekly re-crawls. Macro benchmarks (MRR, MLR, policy rate) come from Bank of Thailand BTWS_STAT API, refreshed daily. Flood risk (Bangkok only) uses BMA Drainage Department records, JICA reports, and 2011 great flood inundation maps. Transit and amenity data comes from OpenStreetMap via Overpass API. No developer money, no paid placement.

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