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THB - ฿
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 Marin Phuket you have to follow these steps:
For Building A Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment 21 days after reservation 35% 2nd Installment 1st Down Payment 10% 3rd Installment 2nd Down Payment 20% 4th Installment 3rd Down Payment 10% 5th Installment Completion of unit & Registration unit 20% For Building B Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 35% 2nd Installment 1st Down Payment 35% 3rd Installment 2nd Down Payment 20% 5th Installment Completion of unit & Registration unit 10%
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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