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This remarkable residential investment opportunity, located in one of the most desirable neighbourhoods in Chiang Mai - Si Phum - presents prospective buyers with an exquisite opportunity to acquire a property that checks all the boxes they could ever need. This 40.19 SqM condo, available as of Dec 2021, features 1 bedroom and 1 bathroom and offers buyers a competitive base price of ฿3,412,131, or ฿84,900/SqM.Part of the esteemed Glory Condominium Chiang Mai project, the condo is situated in a prime location that ensures unparalleled access to Chiang Mai's amenities and cultural attractions. Some of them include proximity to local Thai markets, malls, restaurants, and other entertainment options.The condominium unit itself is filled to the brim with exceptional features and amenities. It will come fully prepped, with the finest finishes and furniture, offering a welcoming atmosphere and visual aesthetic. The living space is expansive, with plenty of natural light accentuating its comfortable vibes. Additionally, the condo boasts 1 bedroom (with an en-suite bathroom) and integrated storage facilities.Buyers will also be able to benefit from the condominium's world-class amenities. The property will feature a swimming pool, a fully-equipped gym, a rooftop lounge, 24-hour security, and several other awe-inspiring services.Simply put, this residence provides the ideal balance of affordability and luxury, making it a great option for both private homeowners and investors. Savings-oriented buyers, in particular, will definitely appreciate this condominium's highly reasonable price tag. This extraordinary deal is just too good to pass up, so enquire to find out more about it now!
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 Glory Condominium Chiang Mai you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿100,000 Down Payment During Construction 30% 3rd Installment Balance Payment 65% 4th Installment On handover 5%
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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