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Foreign nationals can own condominium units as freehold owners in buildings where no more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if it is currently below 49%.
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:
Option A Installment Milestone Payment Reservation Deposit Immediately $4,400 1st Installment Upon contract signing 100% Option B Installment Milestone Payment Reservation Deposit Immediately $4,400 1st Installment Upon contract signing 30% 2nd Installment Foundation and frame construction 15% 3rd Installment Structural works 15% 4th Installment Plastering, tiling works 15% 5th Installment Installation of aluminium windows 15% 6th Installment Interior, furniture set. Systems testing 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.