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Bargain hunters, behold! Your ideal 'home with a view' is finally available. Built in 2010, this luxurious 'Palm Crescent' penthouse is your perfect escape to the serenity of Cha-Am. With a whopping 127.96 sqm of floor space, it's hard to beat. Plus, it boasts two ENTIRE rooms and two loo-filled bathrooms - mind-blowing! But what seals the deal? Its base price of only ฿4,900,000 (that's an insanely low ฿38,293/sqm). Don't miss this chance to flee the city hustle and join the fabulous life of Cha-Am. Inquire 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 Palm Crescent you have to follow these steps:
Untitle Installment Milestone Payment Deposit Immediately ฿100,000 1st Installment Upon contract signing 10% 2nd Installment On handover 90%
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.