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Great Investment Opportunity Under 1 Million!
Price: 850,000 THB (Transfer 50:50)
Property: 9 Karat Condo Town, Central Pattaya, Soi Arunothai
(Behind Arunothai School, quiet area)
Location:
Multiple access points
Close to Big C Extra (800m)
Unit Details:
Size: 27.45 sq.m.
Floor: 3rd, corner unit with pool view
Fully furnished with amenities including:Washing machine
Refrigerator
Electric stove
Range hood
Wardrobe
Microwave
Water heater
Utilities:
TOT internet installed
Water: 35 THB (paid to management)
Electricity: billed by government
Monthly maintenance fee: 530 THB (annual total: 6,360 THB)
Building Amenities:
Large swimming pool
24-hour security
Key card access
Elevator
Convenient parking
Pet-friendly
Current Rental: Selling with tenant in place, renting for 6,500 THB/month.
Don't miss out on this fantastic investment opportunity!
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 9 Karat Condo 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.