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Please note that the price and availability of the condo may be subject to change. Please contact the seller for the latest information. Overall, The Spring Condo is a great option for those looking for a modern and affordable condo in a convenient location near Central Festival Chiang Mai. Here are some additional details about the condo that may be of interest to potential buyers:
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 Spring Loft you have to follow these steps:
Standard 1 Bedroom Unit - Thai Quota Installment Milestone Payment Reservation Deposit Immediately ฿10,000 1st Installment Upon contract signing ฿70,000 Down Payment 1 months after contract signing 10% 3rd Installment On handover 90% Loft and 2 Bedroom Unit - Thai Quota Installment Milestone Payment Reservation Deposit Immediately ฿20,000 1st Installment Upon contract signing ฿100,000 Down Payment 1 months after contract signing 10% 3rd Installment On handover 90% Standard 1 Bedroom Unit - Foreign Quota Installment Milestone Payment Reservation Deposit Immediately ฿10,000 1st Installment Upon contract signing ฿70,000 Down Payment 1 months after contract signing 30% 3rd Installment On handover 70% Loft and 2 Bedroom Unit - Foreign Quota Installment Milestone Payment Reservation Deposit Immediately ฿20,000 1st Installment Upon contract signing ฿100,000 Down Payment 1 months after contract signing 30% 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.