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Condo, Mahidol Road, Chiang Mai. Arise Condo At Mahidol, 5th floor (top) corner room, swimming pool view. Mahidol Road, Pa Daed Subdistrict, Mueang Chiang Mai District. Room area size 26.97 sq m. 1 bedroom, 1 bathroom. There is space for sitting. dining area. Kitchen area with electric stove and exhaust hood. Fully furnished With air conditioning. Available common areas. Large swimming pool. Fitness exercise, CCTV, Security staff 24 hours a day, Central area: 60 baht per square meter. Nearby places and many conveniences. Central Airport 3 minutes, Chiang Mai Airport 5 minutes, Bangkok Hospital, Chiang Mai 15 minutes, Nimmanhaemin Road 18 minutes.
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 Arise Condo At Mahidol you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿50,000 1st Installment Upon contract signing 5% 2nd Installment down payment of selling price within 15 days after Signing Purchasing Contract 25% 3rd Installment On handover 70%
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.