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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, you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately $4,340 1st Installment Upon contract signing 35% 2nd Installment Land plot preparation and Constrcution Start 10% 3rd Installment t Completion of Structure 15% 4th Installment t Completion of window and partition 15% 5th Installment onpletion of flooring and Buitin furniture 15% 6th Installment On handover 10%
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.
Above Element is conveniently located just 330 m from 7-Eleven, which can be reached within 4 mins. by foot.
There are many other shops situated in the area of Above Element, the 3 closest being:
- Sunthorn Laundry is 650 m away (about 7 mins. by foot)
- Boat Avenue Park and Playground is 1.5 km away (an approx. drive of 4 mins.)
- Cherngtalay walking street is 540 m away (about 6 mins. by foot)
The surrounding area, where Above Element is situated, offers a wide variety of restaurants. See the closest of them below:
- Ai Nan Northern food Ai Nan Lanna Food is 40 m away (a walk of about 1 min.)
- Sab Nua Krua Sarakham, sabnuasarakhamkitchen is 30 m away (a walk of about 1 min.)
- The white restaurant & bar is 50 m away (a walk of about 1 min.)
Bangkok Hospital Clinic Bangtao is the nearest health facility, which is 2.5 km away (you can drive there in 7 mins.) from the project, while the closest schools in the proximity of Above Element are:
- School DANI KAJUKIET is 100 m away (about 1 min. by foot)
- Baan Kajonkiet nursery pasak is 200 m away (about 2 mins. by foot)
- Lycium Company Limited is 650 m away (about 7 mins. by foot)
Phuket International Airport is located 17.6 km from Above Element and it takes about 23 mins. by car or taxi (depending on the traffic) to get there.