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This here ain't no ordinary condo it's an opportunity to invest in one of the most snazzy parts of town AND save a bundle in the process. Just check out this clean-cut, snazzy one-bedroom, one-bathroom condo, waiting for someone to call it home. For starters, The Mark Ratchada-Airport Link project, this lovely condo is part of, has got it all: world-class dining, shopping, entertainment, you name it. And let's not forget the convenience of it being quite near the Makkasan Airport Link. Between the airport access, the style, and the amenities, this is it for a chic life. The building is practically brand new, having been built in a mere December of 2012. Who needs all the hassle and expense of renovating an old place when you can just buy a piece of modernity and call it your own?
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 The Mark Ratchada-Airport Link 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.
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