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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 Punna Residence 3 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.
Punna Residence 3 is conveniently located just 30 m from 7-Eleven new house branch behind Mor Soi 7, which can be reached within 1 min. by foot.
There are many other shops situated in the area of Punna Residence 3, the 3 closest being:
- Chiang Mai Direct CMU branch is 70 m away (about 1 min. by foot)
- Siwadon Chiang Mai is 220 m away (about 3 mins. by foot)
- Delicious is 340 m away (about 4 mins. by foot)
The surrounding area, where Punna Residence 3 is situated, offers a wide variety of restaurants. See the closest of them below:
- Mafia Don is 10 m away (a walk of about 1 min.)
- Nong Aoy, Made to order food is 30 m away (a walk of about 1 min.)
- Noodles after Mor is 10 m away (a walk of about 1 min.)
Public AED is the nearest health facility, which is 1.1 km away (you can drive there in 3 mins.) from the project, while the closest schools in the proximity of Punna Residence 3 are:
- HMS Chiang Mai Tutoring Institute - Tong Mathematics is 80 m away (about 1 min. by foot)
- Wanli Tong Language School is 80 m away (about 1 min. by foot)
- Thailand Milestone Language School is 80 m away (about 1 min. by foot)
0 is located 0 from Punna Residence 3 and it takes about 0. by car or taxi (depending on the traffic) to get there.