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A wondrous opportunity presents itself: a 1-bedroom, 1-bathroom condo of 36.14 square meters that stands out amongst others! It's situated in the midst of the Runesu Thonglor 5 project in Khlong Tan Nuea, Bangkok, and although it's completion was in September of 2019, it appears to have been vigilantly preserved. If purchased at the base price of ฿8,183,500 (which translates to a relatively economical ฿226,439/SqM), it could be your very own portal to the mystical experiences of life in Bangkok! So why not enquire today and ensure that you won't miss the chance to secure this treasure trove of potential wonders in time?
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 Runesu Thonglor 5 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.