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Executive Residence 1 Condominium Great location: Soi Kasetsin 4 on Pratumnak Hill Close to Cozy beach: 8-Minutes walking, 7-11: 3 minutes walking, The Chocolate Factory & The Sky Gallery restaurants: 6-Minutes walking, Central Pattaya and Jomtien Beach: 6-Minutes by car 1 bedroom 3th floor 75 sqm Foreign quota Transfer fee split 50/50 between seller and buyer Large balcony Facilities: Swimming pool and jacuzzi zone Ground floor lush tropical landscaped garden Roof-top infinity edged swimming pool and sundeck Covered car-parking 24 Hour security with CCTV
Foreign nationals can be freehold owners of condominium units, in buildings where not 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 that 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 Executive Residence I 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.
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