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Due to private reasons, we are selling one condo located in Sathorn District, Bangkok, Owner directly selling. Project address: Lumpini Place Water Cliff, NARATHIWAS Soi 24, Sathorn, next to CENTRAL Rama 3, Lotus, Marko, The up Rama 3. Project Size: 78 sqm, freehold Condo. Project type: Two bedrooms, two bathrooms, one living rooms + one dining room, one kitchen and 2 balcony, 16th floor, face to north-west. Inside the project: fine decoration, including a full set of furniture and appliances, such as beds, sofas, TVs, refrigerators, washing machines, air conditioners, dining tables and other furniture and appliances. Project equipment: swimming pool, gym, library, free parking space, 2 convenience stores + 1 barber shop on the 1st floor, garden, etc. Project surroundings: CENTRAL RAMA 3 , LOTUS, MAKRO, CHONG NONSI BTS, KHLONG TOEI MRT, BRT bus station, 3 international kindergarden, 2 primary + midder school, etc. Selling price: 5,300,000 Baht (Transfer fee: 50-50%)
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 Place Water Cliff 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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