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Affordable 1 bed for sale in Pratumnak areas Laguna Bay project 2 Property details : Interior size : 37 SQM Floor : 4th View : Pool facing Furniture : Fully furnished Ownership : Foreign name Transfer fee : 50/50 Laguna Bay 2 is a luxury condominium in the middle of Pratumnak Hill, the prime location close to Pattaya Beach, one of Thailand's most popular tourist destinations and designated as "The Beverly Hills of Pattaya." The project location is outstanding and beautiful scenery. It is also surrounded by various places,such as shopping malls, coffee shops , restaurants, and much more . Well managed and maintained building with 24 hour security, swimming pools, good gym and etc.
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 Laguna Bay 2 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.