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This is the deal of the millennium! That's right, you heard it here folks. A brand-spanking-new condo that's available practically off the batz! What's 34.50 SqM you ask? That's enough room to fit 100 elephants; finally those amongst us who fancy ivory can rest easy. Not to neglect the luxurious 1 bedroom, 1 bathroom the residence offers, making it a cozy refuge away from the hustle and bustle of the city. All that, available for a mere ฿1,676,650 (฿48,599/SqM). Talk about a steal! Granted, this one is inside The Rich Condominium project located in beautiful Nong Hoi, Chiang Mai, but still. Need I say more? Don't just sit there, hustle on over to get your hands on this sweet, sweet deal before somebody else does. Your wallet won't regret it!
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 Rich Condo 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.