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The River Condo, Rare Item, Open Beautiful View , 2 BR, 3 BA, 16th floor, 129.22 sq.m, Chao Phraya River View, The building faces north, 400 meters to IconSiam, Close to SkyTrain, 3 mins to Srirat Express, Facilities include swimming pool, fitness, park, Good investment, Located on Charoen Nakorn 13, Krung Thep Maha Nakhon (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 The River by Raimon Land you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately $8,740 1st Installment Upon contract signing 15% 2nd Installment Selling price over 3months 15% 3rd Installment On handover 70%
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.