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Ready to dip your toes in the real estate pool? Look no further than the The Rich Condo project in Nong Hoi, Chiang Mai. The project was completed in Sep 2015, and offers plenty of opportunities to upgrade your living situation.This one-bedroom, one-bathroom condo is the perfect size to jump in and start your experience with savvy real estate investing. With a highly competitive base price of ฿1,652,500 (฿47,899/SqM), it's evident that this is a secure and sound purchase. Comprised of 34.50 SqM, it's just the right size to start forging the life you've been dreaming of.What are you waiting for? Don't miss this unbelievable opportunity - inquire now to learn more and take the next step towards upgrading your life in style!
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.