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Condominium for sale in Bangkok , located in the prime Ruamrudee Lumpini area, a mere 800m from the Ploenchit BTS station and the Lumpini Park as well as 1km from the Central Embassy mall. A wide range of restaurants as well as the expressway are also located in the direct vicinity. This 170m2 condo is a corner unit and mostly features 3 bedrooms, 2 bathrooms, 1 toilet, an open plan living & dining area, a semi open kitchen. The unit also gives access to a large storage room/games room and to an extra room off the living room which could be used as a small kids’ room. This residence gives access to swimming pool, fitness, two car parking spaces and 24-7 security.
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 Navin Court 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.