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Millennium Residence Condominium Sukhumvit 16 Rare Foreigner Quota Unit, Uni D1 Tower D Nice 3 Bedroom, 3 bathroom + maid area Type D1 - 145.61 sq.m., good unblocked view, Fl. 20 + Now sell bottom price @ MB. 21.5 Buyer pay transfer fee 1% Selling Feature of this unit :- • Probably one of the most competitive price in the market. • Rare Foreigner Quota • Nice unblocked view • Good unit condition easily for buyer’s decoration own style. • One of the condominium in Bangkok that always popular for both living and investment. Buyer can definitely appreciate capital gain for future value.
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 Millennium Residence 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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