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This Foreign freehold property recently got fully renovated, it's a spacious 1 bedroom condo at Whispering Palms Suite in Chaweng beach, Koh Samui. Only 5 min drive to the beach and 2-3 min to Tesco and Makro. Space 57 sqm on the ground floor with Pool view. Fully furnished and Workspace with built-in wardrobe. Private washing machine and 2x LG Smart TV. The development offers a Fitness center, sauna & steam room, 2 large swimming pools, pool table, reception area, and security. Community maintenance fees THB 3,000 per month
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 Whispering Palms Suite 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.