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Park Lane, 1 Bed For Sale Project: Park Lane Jomtien Resort, Location: Jomtien Beach / Soi Watboon Type : 1 Bed & 1 Bath Interior size : 35 SQM Furniture: Fully furnished View : Outside View Floor : 4th Ownership: Thai Ownership Transfer fee : 50:50 This 1-bedroom unit is located on a 4th floor and has foreign ownership registration. The balcony is facing to the pool side! The room is fully furnished with nice design. Park Lane condominium is situated at Soi Watboon , Jomtien area, well-known as a perfect location for resident or rent. All residents can enjoy big swimming pool, fully equipped gym, restaurant on the pool side, chilling zone and nice tropical garden
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 Park Lane Jomtien 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.