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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:
Installment Milestone Payment Deposit Immediately $2,970 1st Installment Upon contract signing 25% 2nd Installment 5 Month 11% 3rd Installment 10Month 11% 3rd Installment 15 Month 11% 4th Installment 20 Month 11% 5th Installment 25 Month 11% 7th Installment On completion 20% Installment Milestone Payment Reservation Deposit Immediately $2,970 1st Installment Upon contract signing 15% 2nd Installment 5 Month 5% 3rd Installment 10 Month 5% 4th Installment 15 Month 5% 5th Installment 20 Month 5% 6th Installment 25 Month 5% 7th Installment On completion 60%
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.