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Condominium for sale in Bangkok, located in the prime Phromphong area, a mere 300m from the Emquartier and Emporium malls, the Phromphong BTS station and 500m from the Benchasiri Park. This 140m2 condo features 2 bedrooms, 2 bathrooms, an open plan living, dining & kitchen area, two balconies and a maid’s quarter. It is sold fully furnished. This residence gives access to swimming pool, fitness, kid’s playground, tennis court, car park & 24-7 security.
Property ID: ABKK28380
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 Baan Suanpetch 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.