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The Line (Abstract) Phahonyothin Park, Building A, 1 bedroom. Size 44.2 sq m 30th floor, very good view (34-story building) Facing north, not hot, no buildings blocking the view Equipped with 2 air conditioners, refrigerator, washing machine. Water heater. Huge common area - very large garden + playground - 2 swimming pools - Fitness - Reading room - Children room - Car park elevator Convenient for public transportation, just 3 minutes walk to BTS Ha Yaek Lat Phrao or 5 minutes walk to MRT Phahonyothin. Accessible through both Phahonyothin Road and Lat Phrao Soi 1 A very convenient place to stay next to 7-11 (Building B) next to Lotus’s supermarket Near Central Ladprao Near Horwang School Annual common fee only 35 baht / sq m Price 4.2 million baht (Transfer fee is half each) Only 95,000 baht per square meter.
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 Line Phahonyothin Park you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿30,000 1st Installment Upon contract signing ฿50,000 2nd Installment On handover 100%
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.