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NICE 1 BEDROOM FOR SALE, ATLANTIS CONDO RESORT Location: Pattaya, Jomtien beach - Fully fitted 1 bedroom/1 bathroom - Pattaya north side - Foreign quota - Transfer fee split between seller and buyer 50/50 - Total area is 36 sqm - Balcony - European kitchen: stove, microwave, big fridge and etc Facilities: - Security - CCTV - Big swimming pool - Fitness room - Sauna - Parking - 7-11 market at the condo Asking price is 1.44 mln 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 Atlantis Condo Resort 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.