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Urgent Sale: S50 Condominium, Pattaya
Unit Type: Corner unit on the 2nd floor with pool view
Details:1 bedroom
1 bathroom
Size: 32 square meters
Rental Info:Sold with a tenant at 7,500 THB/month
Lease expires in April 2025 (you can collect rent immediately after purchase)
Included: Furniture as shown in photos (sold as-is)
Location Highlights:
Convenient access to Sukhumvit Road
Close to numerous restaurants
Full facilities: swimming pool, fitness center, key card access, CCTV
Nearby outlets:Outlet Mall
Big C
Lotus
Makro
Schools
Pharmacies
Hospitals
Restaurants / beer bars
Price: 1.55 million THB
Transfer Fee: 50/50
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 S-Fifty Condominium you have to follow these steps:
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.