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This condo unit boasts a prime location at Punna Residence 5, situated just a stone's throw from the intersection of Huay Kaew Road and H121. With easy access to CMU and the trendy Nimman area, this property offers a convenient lifestyle in the heart of Chiang Mai. The unit itself features 40.06 sq.m of living space on the 5th floor, comprising a cozy bedroom, a modern bathroom, and an open-plan living area that encompasses the kitchenette and dining space. The kitchenette is equipped with a fridge for your convenience. The entire unit is fully furnished and comes with air-conditioning in both rooms. As a resident of Punna Residence 5, you'll have access to a range of amenities, including a swimming pool, a gym, and 24/7 security with key-card entry.
Foreign nationals can own condominium units as freehold owners in buildings where no 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 it 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 Punna Residence 5 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.