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Are you looking for a great investment property? This 32.80 SqM condo in the Cloud Residences SKV23 project is just the place. One bedroom and one bathroom makes the perfect spot for a single occupant or an enchanting hideaway for couples. Get ready for a modern refuge in the bustling neighborhood of Khlong Toei Nuea, Bangkok. Scheduled for completion come June 2024, this property offers a great opportunity for an on-time arrival to its future homeowner. And the price tag is oh-so-tempting. At ฿7,418,656 (฿226,179/SqM), it's not just an affordable option, but a smart one, too. Don't wait around, this could be the property of your dreams!
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, you have to follow these steps:
Untitle Installment Milestone Payment Reservation Deposit Immediately ฿50,000 1st Installment Upon contract signing 30% Transfer Jan 2024 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.