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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 Siam Penthouse 3 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.
Siam Penthouse 3 is conveniently located just 130 m from Central FamilyMart Company Limited :( Haad Yao Branch 3), which can be reached within 2 mins. by foot.
There are many other shops situated in the area of Siam Penthouse 3, the 3 closest being:
- Family Mart is 130 m away (about 2 mins. by foot)
- Family Mart is 340 m away (about 4 mins. by foot)
- Tesco Lotus Naklua 16 Pattaya is 640 m away (about 8 mins. by foot)
The surrounding area, where Siam Penthouse 3 is situated, offers a wide variety of restaurants. See the closest of them below:
- Santi’s Restaurant is 40 m away (a walk of about 1 min.)
- Bamboo beach is 40 m away (a walk of about 1 min.)
- Fuwa and Futon Food N Gallery is 160 m away (a walk of about 2 mins.)
Health Insurance Network, Somdet Hospital at Si Racha, Naklua Branch is the nearest health facility, which is 1.8 km away (you can drive there in 5 mins.) from the project, while the closest schools in the proximity of Siam Penthouse 3 are:
- Evergreen Pattaya Serviced Ressidences is 1.2 km away (an approx. drive of 4 mins.)
- Phothi Samphan Phitthayakhan School is 1.4 km away (an approx. drive of 4 mins.)
- Phattha Ya Borihan Thurakit School is 1.6 km away (an approx. drive of 5 mins.)
APAS Co., Ltd. is located 12.9 km from Siam Penthouse 3 and it takes about 30 mins. by car or taxi (depending on the traffic) to get there.