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About This Condo
This property is a 28 SqM studio condo with 1 bathroom that is available for sale. It is part of the Niche Mono Sukhumvit 50 project in Phra Khanong, Bangkok and was completed in Dec 2018.
The owner is offering the unit for an urgent sale at ฿2,000,000 (฿71,428/SqM).
Urgent Sale — Foreign Quota Studio near BTS On Nut
Owner Sale - Niche Mono Sukhumvit 50
Property
Asking price: ฿2,000,000
28 SqM studio with 1 bathroom
4th floor, Building A
Can arrange for viewing
No existing mortgage
Foreign quota available
Included
Two Daikin air conditioners
Built-in kitchen with hob, hood and sink
Bathroom fittings
Sofa, mattress and bedding
Project and Location
Completed in 2018
Swimming pool
Fitness room
24-hour security
Keycard access
Shuttle service and local motorbike connection to BTS On Nut
Approximately 1.2 km from BTS On Nut
7-Eleven and local food options nearby
Convenient access to Sukhumvit Road and On Nut area
Transaction
Foreign freehold ownership available
Foreign quota available for eligible foreign buyers
The condominium juristic person can issue the required foreign-quota documentation for ownership transfer
No mortgage, allowing for a straightforward transfer process
Urgent Sale
The owner is motivated to sell and has priced this unit at only ฿2,000,000, making it an attractive option for foreign buyers looking for an affordable freehold condominium in the On Nut area.
[updated:] The unit is still have tenants with 5 months contract left but viewing can be arranged in advance.
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 Niche Mono Sukhumvit 50 you have to follow these steps:
Untitle Installment Milestone Payment Reservation Deposit Immediately ฿50,000 Down Payment Upon contract signing 30% Down Payment 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.