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Foreign Quota Studio Condo for Sale | Elio Del Ray | 26 sqm
Description
Foreign quota studio condo for sale at Elio Del Ray.
* Size: 26 sqm
* Building A
* 2nd Floor
* Foreign Quota
* Fully Furnished
* Move-in Ready
A well-maintained studio unit located in the popular Elio Del Ray condominium on Sukhumvit 64. Ideal for both owner-occupiers and investors seeking an affordable Bangkok property with excellent connectivity.
Project facilities include:
* Large resort-style swimming pool
* Fitness center
* Landscaped gardens
* Co-working/common areas
* Shuttle service
* On-site 7-Eleven
* 24-hour security
Conveniently located approximately 800 meters from both BTS Udom Suk and BTS Punnawithi, with easy access to Sukhumvit Road, shopping, dining, and business districts.
Perfect for:
* Foreign buyers seeking a foreign quota unit
* Investors looking for rental income potential
* First-time condo buyers
Foreign nationals can own condominium units as freehold owners in buildings where no 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 it is currently below 49%.
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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 Elio Del Ray 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.