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If you're looking for a spacious, modern condo in one of Bangkok's most popular spots, look no further than this great 1 bedroom, 1 bathroom unit at The Teak Sathorn-Lumpini project. The 32.35SqM condo, which was completed in Nov 2019, is situated in the buzzing Chong Nonsi district, assuring you of easy access to top restaurants and nightlife spots. You'll be impressed with the quality of the workmanship that went into this condo, not to mention the attention to detail. Expansive windows in the living area make the most of the natural light and provide gorgeous views of the cityscape. A modern, well-designed kitchen includes an island, marble counter tops, and generous cupboard space, while the bedroom is roomy, boasting a stylish bathroom.Available for sale at a great price, you can buy this condo for a base price of ฿5,214,059 (฿161,176/SqM). That's a small price to pay for a property like this in such an upscale neighbourhood. Don't pass up this exciting opportunity to own a property in one of Bangkok's most sought after locations – enquire 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 The Teak Sathorn-Lumpini you have to follow these steps:
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.