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Welcome to the newest and hottest address of Bangkok, The Teak Sathorn-Lumpini. This modern, state-of-the-art development brings luxury and convenience to those who can call it home, providing residents with some of the best of the area all in one amazing place. The cherry on top of the sundae? This 34 SqM condo, boasting 1 bedroom and 1 bathroom, is now available for sale. Situated in the notorious Chong Nonsi area, this incredible opportunity offers so much convenience without having to sacrifice the style and luxury that comes from living in a bustling city. Completed in Nov 2019, this sleek and chic property allows for the perfect lifestyle without breaking the bank – with a base price of ฿5,640,000 (฿165,882/SqM) this smart investment is sure to hit the jackpot. From here, not only can you keep abreast of what is going on in the ever so-trendy heart of the neighbourhood, but you're also steps away from some of the finest restaurants, shopping, and entertainment that Bangkok has to offer. Enjoy weekends filled with laughter in the city's bustling music and cafe scene!Whether you're searching for an urban oasis to hunker down in and call home, or the ideal renter's paradise that brings big returns, look no further – this 34 SqM condominium is calling your name. Enough of sitting on the sidelines – now is the time to get in the game and enquire about this amazing property today!
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.