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Aurora (Phase 1) is a condo development located in Pratumnak Hill, Pattaya, Thailand. It is 0.4km from the beach with 117 condo units across 7 floors scheduled for completion in December of 2016. It features a swimming pool, a fitness center, 24-hour security, CCTV, a reception/lobby area, car parking, a spa, a sauna.Aurora Pratumnak Condominium Pattaya ﾖ Thailand. Foreigner term of payment 1) Booking 50,000 Baht 2) Contract payment (1 month after deposit) 30 percent 3) 24 monthly Installments 40 percent 4) Final payment after completion 30 percent Thai term of payment 1) Booking 50,000 Baht 2) Contract payment (1 month after deposit) 20 percent 3) 24 monthly Installments 30 percent 4) Final payment after completion 50 percent Condition *Sinking fund Baht 600 Per sqm - one time payment *Maintenance Fee Baht 40 per sqm per month *Transfer Ownership approx 2 percent from price
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 Aurora 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.