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Aurora Pratumnak is a premium project in one of the most tourist popular areas in Pattaya. This boutique condominium - 8 floors and 117 apartments, is located just 300 meters from the sea. There are only a few apartments left in the project that are attractive both for investment and for a comfortable life. Owners also have at their disposal: Fitness area equipped with modern Life Fitness equipment. Large swimming pool with a spacious sunbathing area. Finnish sauna. Chill out area on the roof. 24-hour security and video surveillance, ID card entry and parking. Coworking and cafe on the first floor of the complex.
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 Aurora Pratumnak you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿30,000 Down Payment Upon contract signing 20% Down Payment Monthly installments 80% Installment Milestone Payment Reservation Deposit Immediately ฿50,000 Down Payment Upon contract signing 30% Down Payment Monthly installments 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.