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The provided images feature a decorated sample unit and not the actual condo room. The bathroom and kitchen, however, precisely match the depicted photos. The opportunity to purchase preemption and down payment options for the Knights Bridge SPACE Sukhumvit-Rama 4 project. This high-rise condominium, equivalent to a 50-story single-storey building, offers a prime location near BTS Phra Khanong, just 250 meters away. With construction beginning in early 2021, the project is expected to be completed and ready for occupancy by early 2024.
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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 KnightsBridge Space Sukhumvit-Rama 4 you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 10% Down Payment During Construction 15% 3rd Installment On handover 75%
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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