The temple itself is entirely constructed of teak wood, originally serving as the royal residence of the fifth prince of Chiang Mai. Inside, it houses the principal Buddha statue known as "Phra Chao Pan Tao," a stunning example of Lanna art. Wat Pan Tao is an ancient temple located in the heart of the city. Originally, the people of Chiang Mai referred to it as "Wat Pan Tao" (พันเท่า), which is believed to signify that one act of merit could return a thousandfold. Over time, the name evolved to "Wat Pan Tao." Additionally, there is another interpretation suggesting that the temple was once used as a site to create hundreds, if not thousands, of casting molds for Buddha images, thus earning the name "Wat Pan Tao."