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If you're searching for a cozy new condo that won't break the bank, look no further than this one! This 31.68 SqM condo with its convenient one bedroom and one bathroom setup makes for the perfect first home or investment property. You can grab this charming unit for just ฿5,143,341 (฿162,353/SqM)! Part of the Teak Ratchada 19 project, this condo was completed in Dec 2022 and is situated in the bustling Din Daeng district of Bangkok. This well-loved neighborhood has plenty to offer, satisfying all your basic needs—from shopping, dining, and entertainment, to easy-peasy access to public transportation links. Here's an entertainment tip: after a long day of exploring the area, take some time to unwind and try out the building's amenities, such as the lobby, pool, and fitness room. The courtyard and BBQ area is also perfect for hosting friends and family in your new pad! We know you won't want to miss out on this golden opportunity, so don't wait around—enquire about this property now and stay one step ahead of the competition!
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 Teak Ratchada 19 you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately £913 1st Installment Upon contract signing 30% 2nd Installment On handover 70%
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.