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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 The Proud Condominium you have to follow these steps:
The Classic Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment Upon contract signing 35% 2nd Installment Handover of Unit and ready for Move in 55% 3rd Installment Registration minus Reservation Fee 10% 10% cash discount or Elite Visa for 5 years Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment On handover 100% 5 year payment plan with 10% interest charge of total purchasing price Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment 90 days after contract signing 50% 2nd Installment On handover 50% Long term finacial payment Installment Milestone Payment 1st Installment Upon contract signing 50% Down Payment Divied for 60 month installmemt 40% 2nd Installment On handover 10% 5 year payment plan with 15% interest Charge of Total Purchasing Price Free elite Visa for 5 year peroid Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment Upon contract signing 50% 2nd Installment On handover 50%
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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