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Boasting a high-end location in the heart of Nong Hoi, Chiang Mai, The Rich Condo project presents an enviable opportunity to purchase a one-bedroom, one-bathroom condominium. At a value of ฿48,899/sqm, this 34.50 square meter condominium offers superb quality for an excellent value. Constructed in September 2015 to the highest standards, this condo provides access to a range of lifestyle amenities and services, perfect for anyone looking to buy in a reputable and desirable area. With its bright and airy interiors and spacious accommodation, this condo provides a haven to relax and unwind in. Situated in an area renowned for its retail stores, restaurants, and local attractions, this condo is an ideal purchase for investors and those looking for a desirable new home in one of the most sought-after parts of Chiang Mai. Buyers will be immediately impressed by the long-term rentability of this asset. This condo represents an opportunity to invest in a lifestyle of luxury and convenience, commanding a base price of ฿1,687,000. If you're looking for your next property in Chiang Mai, be sure to enquire on The Rich Condo project today. This opportunity won't last forever.
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.