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Ahoy there, you savvy landlords! Are you looking for a well-situated investment with a pretty spectacular offer? Look no further because we've got just the property for you. Introducing: Laguna Bay 1 project, a smashing opportunity for anyone looking to invest in an apartment with a ton of potential. This glamorous 30 SqM studio condo already comes fully-equipped with one bathroom and is a steal at its base price of ฿1,200,000 (or ฿40,000/SqM). That's one classic deal you just can't ignore! With a fine completion date of May 2013, this cool condo is located in an equally cool location - nestled in the ever-lively Nong Prue, just a hop, skip and jump away from the famous party town of Pattaya. Zoom away from the hustle and bustle, or soak up the sun at one of the nearby beaches. The choice is yours! This condo is located in a convenient environment and is sure to provide plenty of opportunities to take advantage of the amenities and activities the Nong Prue area has to offer. With such a sensible investment that won't break the bank, you'd be a fool to give this one a miss. Sound like something you can get on board with? Act now to avoid missing out and get in touch to find out more about this awesome opportunity!
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 Laguna Bay 1 you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿50,000 1st Installment Upon contract signing 20% 2nd Installment Within 1 Months 80%
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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