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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 New Concept 123 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.
The New Concept 123 is located 1030 from 7-eleven Star Avenue 5 and it can be reached within 3 mins by car.
There are many other shops situated in the area of The New Concept 123, the 3 closest being:
- PTT is 1.7 km away (an approx. drive of 3 mins.)
- 7-Eleven is 4.2 km away (an approx. drive of 3 mins.)
- 7-Eleven is 4.5 km away (an approx. drive of 9 mins.)
The surrounding area, where The New Concept 123 is situated, offers a wide variety of restaurants. See the closest of them below:
- Narin restaurant, a la carte restaurant is 330 m away (a walk of about 4 mins.)
- Noodle 15 baht is 370 m away (a walk of about 5 mins.)
- Uno's Cucina Filipino Restaurant is 1.1 km away (approx. 3 mins. by car)
Pa Tan Hospital is the nearest health facility, which is 2.5 km away (you can drive there in 5 mins.) from the project, while the closest schools in the proximity of The New Concept 123 are:
- thai traditional herb and massage is 1.4 km away (an approx. drive of 3 mins.)
- Opal Studio/ Saxociety Lanna is 1.3 km away (an approx. drive of 4 mins.)
- Job Paa Taan School is 2.1 km away (an approx. drive of 5 mins.)
Chiang Mai International Airport is located 7.2 km from The New Concept 123 and it takes about 14 mins. by car or taxi (depending on the traffic) to get there.