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Northpoint is the #1 luxury condo, this studio still in new condition as rarely used. Beachfront, walk through gardens to the beach. Massive infinity pool next to the beach. 24th floor has gym, jacuzzi, lap pool, sauna. 24 hour security, keycard only to your own floor. King size bed, leather sofa, large tv, soundbar with subwoofer. This is a well managed and maintained condo, no daily or weekly rentals, receptionist on duty 9 to 5 every day. Foreigner registered. Comprising of two 56 story towers Northpoint is one of Pattaya's most prestigious and well known developments.
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 Northpoint 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.