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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 Ideo Sukhumvit - Rama 4 you have to follow these steps:
1BR Installment Milestone Payment Reservation Deposit Immediately $2,890 1st Installment Upon contract signing 10% 3rd Installment On handover 90% 2BR Installment Milestone Payment Reservation Deposit Immediately $2,890 1st Installment Upon contract signing 20% 2nd Installment On handover 80% 2BR&3BR Installment Milestone Payment Reservation Deposit Immediately $5,790 1st Installment Upon contract signing 20% 2nd Installment On handover 80%
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.