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This "The Rich Condo" project offers a fantastic opportunity for savvy investors. Located in the rapidly emerging Nong Hoi neighbourhood of Chiang Mai, this 34.50 SqM condo features one bedroom and one bathroom with an impressive price tag of ฿1,711,150 (฿49,599/SqM). Completed in Sep 2015, the unit is turnkey ready and offers potential occupants a low entry point that is sure to generate an immediate return on investment.The convenience of city living is manifested through the expansive selection of amenities within walking distance. Residents in this area benefit from an array of eateries, retail outlets, and entertainment. Further, award-winning schools, medical centers, and public transportation are all located a comfortable distance away.Overall, this quality condo offers the ultimate lifestyle experience. If you are an investor looking for maximum returns and secure growth, this condo is the perfect place for you! Don't miss out on this truly sensational opportunity and contact us today to arrange a viewing.
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.