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The location is great ! It is just between the BTS station Nana and Asoke. It is very quiet and comfortable condo in the city center. And just 10mins walk to 21 terminal and Nana plaza.There is very big public park close to it and about 200m to the south.And it is hot for renting, most of the tenants are the western people. So it is really good for the investment.
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 Venio Sukhumvit 10 you have to follow these steps:
Foreign Quota Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 30% 2nd Installment On handover 70% Thai and Company Quota Installment Milestone Payment Reservation Deposit Immediately ฿40,000 1st Installment Upon contract signing ฿70,000 2nd Installment 30% 3rd 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.
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