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Condo-hunters, let us introduce you to a real estate find! You will no doubt have noticed the sky-rocketing Bangkok condo prices - but have you heard about The Teak Ratchada 19 project in Din Daeng? If not, now's the time to turn your attention this-a-way.This 38.82 SqM condo with 1 bedroom and 1 bathroom is now available for sale. And with a base price of ฿6,530,894 (฿168,235/SqM) this could be a real bargain! That's just a fraction of what you'd be paying for an equivalent in the city centre.Originally completed back in Dec 2022, this option has been well looked after and comes in great condition. Plus the architecture is sleek and stylish, with stunning Tokyo-style interiors for maximum contemporary appeal. The location is a real pull though; surrounded by all the vibrancy of Din Daeng and set in a spot that's extremely popular with young professionals and growing families.If you've ever wanted to live close to the action, while keeping just enough distance to enjoy some peace and quiet, then this condo could be your dream spot. Transport links are right on your doorstep and you'll be surrounded by everything you need to make life easy; supermarkets are a stone's throw away, alongside pharmacy, banks and cafés.We'd strongly suggest taking a look at this property quickly - with the Bangkok housing market on the rise, you don't want to miss out on this brilliant offering! If this Teak Ratchada 19 condo has caught your eye, don't hesitate to get in touch.
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 Teak Ratchada 19 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.