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The Riviera Jomtien, a brand new luxury high-rise condominium development opened in late 2019. Located in the heart of Jomtien Beach, only minutes walk to the beach. The project offers outstanding facilities with 2 swimming pools, relaxation areas, top fitness center. This Studio is situated on the 27th floor - directly facing the ocean offering 23 sqm of living space with built in kitchen, wardrobe and bathroom. This condo is for sale in Foreign ownership. Unfurnished, can be furnished for extra. Im offering payment plan with 10-20% deposit and low repayments over 2,5,10,15 year options. Plus low interest of 3% - 8%.
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 Riviera Jomtien you have to follow these steps:
TQ Payment Installment Milestone Payment Reservation Deposit Immediately ฿50,000 1st Installment Upon contract signing 15% 2nd Installment On handover 85% FQ Payment Installment Milestone Payment Reservation Deposit Immediately ฿50,000 1st Installment Upon contract signing 35% 2nd Installment On handover 65% Front - Rear Unit Installment Milestone Payment Reservation Deposit Immediately ฿50,000 1st Installment On handover 100% TQ Payment Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 15% 2nd Installment On handover 85% FQ Payment Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 35% 2nd Installment On handover 65% Front-Rear Unit Installment Milestone Payment Reservation Deposit Immediately ฿50,000 1st Installment On handover 100% Front-Rear Unit Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment On handover 100%
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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