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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 you have to follow these steps:
Sure and with travel restrictions this is becoming a more popular option. We have online immersive tours of a large number of properties so you can see all properties from your home. Our experienced team can also conduct a video tour and once you are ready to go ahead with your purchase, either our team or we can recommend lawyer to manage the entire transfer of the property into your name without you physically being here.
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.
The Spring Loft is conveniently located just 200 m from Central Festival Chiang Mai, which can be reached within 3 mins. by foot.
There are many other interesting places situated in the area of The Spring Loft, :
- Big C Extra - 5 mins.
- Chiangmai International School - 5 mins
- Prince Royal College – 5 mins
- British Council Chiang Mai – 5 mins
- Payap University – 5 mins
- Bangkok Hospital Chiangmai – 7 mis
- McCormick Hospital Chiang Mai – 5 mins
- Chiangmai Night Bazaar – 10 mins
- Chiangmai Railway Station – 15 mins
- Chiangmai International Airport – 20 mins