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This invitingly spacious 90 square metres apartment is in the luxurious Japanese designed and sought after Twin Peaks Condominium. "Keen seller. Price Negotiable". It is located adjacent to the Shangri-La Hotel. Chiang Mai’s famous night markets and bazaars are only minutes away, and you are never far from restaurants, great shopping and everything that central Chiang Mai has to offer. The apartment has been recently renovated, freshly painted and tastefully refurbished It provides for serene and peaceful living. It has a large private balcony allowing views of the district surrounds including distant Doi Suthep and mountain views. The apartment faces north which means it is nice and pleasantly cool throughout the day, especially during the hot season
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 Twin Peaks you have to follow these steps:
Payment Plan Installment Milestone Payment Reservation Deposit Immediately 10% 1st Installment Upon contract signing 40% 2nd Installment On handover 50%
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.