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Ideally situated in the sought-after The Address Chidlom development in Lumphini, Bangkok, this 57 square metre condo offers all the amenities one could desire in a residential property. Completed in December of 2008, the single-bedroom, one-bathroom unit is now available for sale, this condo provides the ideal opportunity for keen buyers looking to capitalise on Bangkok's thriving real estate market.The property itself is an ideally-positioned example of contemporary design, with neutral colour palettes, high end fixtures and fittings accentuated by floor-to-ceiling windows, maximising both its natural light and its engaging city views. Central air conditioning and a dedicated balcony space ensure optimal living conditions, offering the perfect balance of ease and accommodation.Young professionals and investors alike can take comfort in knowing that the building itself is both secure and luxuriously equipped, boasting a 24-hour security system and a full range of recreational facilities. These include a swimming pool, a fitness centre, and a sauna, encouraging a relaxed and active lifestyle.
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 The Address Chidlom 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.