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Luxury condominium HyParc Residences Hangdong with landscaped grounds. A renovated one-room apartment with magnificent mountain views is for sale. HyParc Residences combines the three elements of serenity, privacy and nature to create a stunning new environment that provides the luxurious comfort of resort living. This urban, very convenient and extremely comfortable complex offers 41 attractive apartments of various sizes. 50% of these luxury apartments are west facing and offer unobstructed idyllic views of Chiang Mai's natural parks and magnificent mountain scenery. The remaining 50% faces east, towards facilities and the urban landscape. The big advantage of this complex is its close location to the Panyaden International School! your children can easily get to school enjoying convenience and safety.
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 at HYPARC Residences Hangdong you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately $874 1st Installment Upon contract signing $874 2nd Installment Installments 6 Time $874 3rd Installment On completion 99%
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.