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Overview of The New Concept 123 in Hang Dong, Chiang Mai

The New Concept 123 is a condo project, located at Thenewconcept 123, Muthi 4, San Phak Wan, Hang Dong, Chiang Mai, 50230 Thailand. Construction of The New Concept 123 was completed in Jan 2019. Condo comprises of 4 floors and 10 units.

About The New Concept 123
The New Concept 123 is a condo and apartment project located in San Phak Wan, Chiang Mai and was completed in Jan 2019. It has 216 units across 4 floors
Available Units

The New Concept 123 for sale: 7 available units from USD29,834 to USD47,734.
The New Concept 123 for rent: 4 available units from USD238 to USD298 per month.

Facilities

Facilities at The New Concept 123 include parking, security and swimming pool.

Market stats

The average sale price at The New Concept 123 is USD1,047 per sqm.
This is 6.5 % downtrend current average sale price in Hang Dong (USD1,120 per sqm) and 45.4 % downtrend the average price in Chiang Mai (USD1,916 per sqm).
sales prices at The New Concept 123 are 3.1 % downtrend past year average price.

The average rent price at The New Concept 123 is USD6 per sqm.
This is 12.8 % downtrend current average rent price in Hang Dong (USD7 per sqm) and 40.5 % downtrend the average price in Chiang Mai (USD11 per sqm).
rental prices at The New Concept 123 are 15.6 % uptrend past year average price.

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Available units at The New Concept 123
Features
  • Parking
  • Security
  • Swimming pool
Parking and Lifts
  • Charging stations on site: no
Management
  • Pets: Not allowed
Previous Sales at The New Concept 123
Sold Date Sold Price Price/Sqm Bedrooms Bathrooms Size Floor Furnished View Ownership
25/07/2025 ฿1,300,000 ฿35,135/m² 1 1 37 m² 3 Fully Furnished City View Thai Quota

Market insights

For sale USD44,772 USD1,121/sqm -24.7 % Evolution compared to October 2025 34 Condos for sale in Hang Dong, Chiang Mai
The average price for sale of condos in Hang Dong is USD44,771. Compare to a year ago (October 2025) this represents a fall of -24.7 % and a fall of -29.2 % since the beginning of the year (January 2026). The average price per square meter for sale in Hang Dong is USD1,120/sqm, 41.5 % lower than the Chiang Mai median of USD1,916/sqm. The average price in Hang Dong for condos for sale with 1 bedroom is USD47,599.
For rent USD300 USD8/sqm +15.7 % Evolution compared to October 2025 29 Condos for rent in Hang Dong, Chiang Mai
The average price for rent of condos in Hang Dong is USD299. Compare to a year ago (October 2025) this represents a rise of +15.7 % and a rise of +11.4 % since the beginning of the year (January 2026). The average price per square meter for rent in Hang Dong is USD7/sqm, 31.7 % lower than the Chiang Mai median of USD11/sqm. The average price in Hang Dong for condos for rent with 1 bedroom is USD327.
Frequently Asked Questions
Frequently Asked Questions
  • The New Concept 123 has 7 units for sale starting from USD29,834 up to USD47,734.
  • The New Concept 123 has 4 units for rent starting from USD238 / month up to USD298 / month.
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