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Ya'll better get ready to move – 'cause this place is hot property! Looking to score a real deal in Bangkok? Here's a sound investment! This condo is the perfect package and it's gettin' snatched up quickly. It's 31.70 square meters with just one bedroom and one bathroom, so it's a cinch to take care of. Plus it's part of the ultra-modern Serio Sukhumvit 50 project in Phra Khanong. It's a pretty fresh pad, so don't sweat it – construction finished up in November 2018. And here's the real deal: It's gettin' sold for a base price of ฿4,124,341 (฿130,105/SqM). That's a steal for its modern amenities and prime location. Don't wait – or you might miss out on this primo property! Time to enquire!
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 Serio Sukhumvit 50 you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿40,000 1st Installment Upon contract signing 30% 2nd 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.