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Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.
In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name. The ownership titles of these 49 units is referred to as Freehold or Foreign Quota.
This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.
After you have found the right property at The Room Phayathai you have to follow these steps:
Studio and 1 Bedroom Installment Milestone Payment Reservation Deposit Immediately $2,930 Down Payment 30 days after contract signing 25% 1st Installment 5 months after contract signing 75% 2 Bedroom Installment Milestone Payment Reservation Deposit Immediately $5,860 Down Payment 30 days after contract signing 25% 1st Installment 5 months after contract signing 75%
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.
The Room Phayathai is conveniently located just 330 m from 7 ELEVEn 08639, which can be reached within 4 mins. by foot.
There are many other shops situated in the area of The Room Phayathai, the 3 closest being:
- Kudsan Bakery & Coffee is 340 m away (about 5 mins. by foot)
- 7-Eleven is 300 m away (about 4 mins. by foot)
- 7-Eleven is 300 m away (about 4 mins. by foot)
The surrounding area, where The Room Phayathai is situated, offers a wide variety of restaurants. See the closest of them below:
- Grilled Chicken Shop is 70 m away (a walk of about 1 min.)
- Chicken Duck Noodle is 390 m away (a walk of about 5 mins.)
- Nai Chat Noodle is 390 m away (a walk of about 5 mins.)
Phyathai 1 Hospital is the nearest health facility, which is 300 m away (you can walk there in 4 mins.) from the project, while the closest schools in the proximity of The Room Phayathai are:
- Filipino University is 700 m away (about 10 mins. by foot)
- St. Robert's Group of Companies is 700 m away (about 10 mins. by foot)
- Siam Dhurakit Technological College (SDTC) is 410 m away (about 6 mins. by foot)
Suvarnabhumi Airport is located 30.1 km from The Room Phayathai and it takes about 31 mins. by car or taxi (depending on the traffic) to get there.