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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 S47 Sukhumvit you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately $2,880 1st Installment Upon contract signing 5% 2nd Installment On handover 95%
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.
S47 Sukhumvit is conveniently located just 410 m from 7-Eleven, Sukhumvit 41 branch (17061), which can be reached within 5 mins. by foot.
There are many other shops situated in the area of S47 Sukhumvit, the 3 closest being:
- GM PLAZA is 300 m away (about 4 mins. by foot)
- YARD 49 is 1.4 km away (an approx. drive of 4 mins.)
- Esthemax Thailand is 1.4 km away (an approx. drive of 4 mins.)
The surrounding area, where S47 Sukhumvit is situated, offers a wide variety of restaurants. See the closest of them below:
- Somtum Maeni Ekkamai 21 is 0.4 km away (approx. 2 mins. by car)
- IVY47 Restaurant & Bar is 0.4 km away (approx. 2 mins. by car)
- Jageumsong is 110 m away (a walk of about 1 min.)
PULSE Clinic - Phromphong | Asia's Leading Lifestyle Center, Sukhumvit 37 Bangkok (Pulse Clinic Phrom Phong) is the nearest health facility, which is 760 m away (you can walk there in 9 mins.) from the project, while the closest schools in the proximity of S47 Sukhumvit are:
- Velvetnotes Performing Arts Academy is 1.4 km away (an approx. drive of 4 mins.)
- Kids Kingdom International Kindergarten is 900 m away (about 11 mins. by foot)
- Zhusuan School is 1.7 km away (an approx. drive of 5 mins.)
Suvarnabhumi Airport is located 29.3 km from S47 Sukhumvit and it takes about 35 mins. by car or taxi (depending on the traffic) to get there.