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You should enquire about this 36.04 SqM condo, the Grand Florida project in Na Chom Thian, Chon Buri. It has one bedroom, one bathroom, and was completed in Dec 2020. If you want it, the price is ฿5,329,000 (฿147,863/SqM). Seriously, why wouldn't you want it? Sure it's tiny, but it's still all yours. And the price won't break the bank, nor will the ฿147,863/SqM be too steep. If you need anything more convincing, the condo is part of a brand new project, having such a low price point and so many amenities, you won't find a better deal! So don't wait - inquire now!
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 Grand Florida you have to follow these steps:
Thai Quota - 1 Bed Installment Milestone Payment Reservation Deposit Immediately ฿50,000 1st Installment Upon contract signing 20% Down Payment Payable 6 months 5% 2nd Installment On completion 80% 2nd Installment On handover 80% Thai Quota - 2 Bed Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 20% 2nd Installment On handover 80% Thai Quota - Beachfront Installment Milestone Payment Reservation Deposit Immediately ฿200,000 1st Installment Upon contract signing 20% 2nd Installment On handover 80% Foreign Quota - 1 Bed Installment Milestone Payment Reservation Deposit Immediately ฿50,000 1st Installment Upon contract signing 35% 2nd Installment On completion 65% Foreign Quota - 2 Bed Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 35% 2nd Installment On handover 65% Foreign Quota - Beachfront Installment Milestone Payment Reservation Deposit Immediately ฿200,000 1st Installment Upon contract signing 25% 2nd Installment On handover 65%
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.