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This condo unit located in the Lumpini Ville Cultural Center is the perfect opportunity. Situated on the 6th floor of Building D1, this 35 square meter condo unit is located in the heart of the Chinese community area, making it highly desirable for renters. The unit is unfurnished, allowing you to customize the space to your liking and attract tenants. The location of this condo unit is unbeatable. Just steps away from the MRT station, this unit is easily accessible to other parts of the city. The building is also conveniently located near several shopping centers, restaurants, and other amenities that cater to the Chinese community, making it highly desirable for renters.
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 Lumpini Ville Cultural Center 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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