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If you're looking to get in on the ground floor of Bangkok's hot property market, this 2-bed, 2-bath 85m2 suite has got your name scrawled all over it. Located in the XT Phayathai project in the highly sought after Thanon Phaya Thai district, this condo is literally minutes away from new restaurants, coffee shops, markets and nightlife. No hand-me-down for you here; the XT Phayathai project was completed in Aug 2022 and immediately garnered acclaim as one of the region's most luxurious residential buildings. Its exterior is imposing and its interior oozes style and luxury. This residence could very well be the cornerstone of your financial future in Bangkok! Get your hands on this personal paradise while you can – with a price tag of ฿20,410,000 (or ฿239,413/sqm) it won't stay on the market for long. Say goodbye to cramped living and hello to livability! With two well-sized bedrooms, two spacious bathrooms, in-suite laundry and a balcony, you'll never need for more. And with all of the XT Phayathai project's amenities and facilities, weekends spent lounging poolside don't seem so far-fetched. The icing on the cake? It's a short distance from the station so commuting or popping out for some sightseeing is a breeze. So don't wait – enquire now about this immaculate city suite and you'll be settling in before you know it!
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 XT Phayathai you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 30% 2nd Installment On handover 70% Installment Milestone Payment Reservation Deposit Immediately ฿200,000 1st Installment Upon contract signing 30% 2nd Installment On handover 70%
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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