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Luxuary Condo in Pratumnak area, Sugar Beach Perfection Foreign Ownership Genuine Ocean front position! One of the BEST Locations to own a Condo in Pattaya. This 2-bedroom apartment has been fully renovated by an Australian builder and made to perfection. Sugar Beach Condo is an older but perfectly kept development, not known by many. There are only 23 units in the project. Private, secluded, pristine. A MUST TO SEE, ONE OF A KIND! PROPERTY DETAILS Interior-size: 119.0 Square meters 2 bedrooms (2 bathrooms) Located on the 2nd floor Fully renovated - as NEW Large European Kitchen FULLY furnished Stunning unobstructed Ocean Views Very private and well-managed development Prompt access to one of Pattaya's finest beaches Excellent communal facilities Large balcony
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 Sugar Beach 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.