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If you're looking for an affordable condo in the heart of Nong Hoi, Chiang Mai, you should check out The Rich Condo. This one bedroom, one bathroom condo is 34.50 SqM and available for sale at a base price of ฿1,711,150 (฿49,599/SqM). Completed in September 2015, this property is part of a recently established project and offers plenty of value for a great price. The Rich Condo project has near perfect access to public transport, 24/7 security, a swimming pool, and proximity to shopping, entertainment and all other major amenities in the area. And that's not all. This development also has excellent parks and gardens, providing residents with the perfect hang out spot.At The Rich Condo, the one bedroom, one bathroom condo are perfect for people who are looking for a convenient and comfortable living. This unit is perfect for young couples and singles, as well as students and professionals. It also offers plenty of natural light and multiple balconies - perfect for having a cup of coffee in the morning or a glass of wine in the evening.The Rich Condo is the ideal spot for anyone who wants to grab a great deal on a condo in Nong Hoi. Don't miss out on your chance to own a piece of Chiang Mai - enquire about this amazing property today!
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.