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Park Royal 3B Pattaya - Jomtien - Pratumnak; Park Royal 3; For sale or rent stylish ultra-modern very affordable and luxury furnished two bedroom - two bathroom corner condo apartment with living room and dining area modern European-standard fitted kitchen solid steel-core entry door and internal tempered glass doors 60 x 60 cm Granite floor tiles three A/C units water heaters sunken ceiling lights built-in wardrobes ISO-9000 Aluminum window and balcony frames fire and lighting protection including safety detector system and spacious balcony with full pool view housed in modern boutique style condominium development featuring two identical buildings each housing 79 luxury condos with24/7 manned security key card system CCTV luxurious lobby and reception areas with concierge services communal pool rooftop Jacuzzi and sun-deck sauna fully equipped fitness
Foreign nationals can be freehold owners of condominium units, in buildings where not 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 that 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 Park Royal 3 you have to follow these steps:
Foreign Ownership Installment Milestone Payment Reservation Deposit Immediately ฿50,000 1st Installment Upon contract signing 30% 2nd Installment 1 months after contract signing 70% Thai or Company Ownership Installment Milestone Payment Reservation Deposit Immediately ฿50,000 1st Installment Upon contract signing 15% 2nd Installment 1 months after contract signing 85%
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.
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