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If you're in the market for a great condo in Chiang Mai, then look no further! This one bedroom, one bath gem is the perfect place to call your home. Located in the luxurious The Rich Condo project in Nong Hoi, this 34.50 SqM pad packs a lot of value into a small space. It was completed in Sep 2015 so you know it's been built to the highest of standards and won't need any major repairs. Plus, with a base price of ฿1,652,500 (฿47,899/SqM), you can't go wrong! So don't hesitate - enquire now on this incredible condo and start living the life you've always dreamed of in this coveted Thai city.
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 The Rich Condo 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.