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FULLY RENOVATED Condo in Chiang Mai City close to the Night Bazaar, Hospital ,Central Festival
Baan KrungThai Condo, about 700m from the Chiang Mai Railway Station
These 31 sqm studio condos are all fully furnished with:
- kitchen including microwave, fridge,
- TV, sofa, coffee table, bed and mattress, full closet and make-up area
- hot water in the shower, A/C
The building is similar to a serviced apartment with:
- front desk concierge
-CCTV
-gift shop
- elevators
- parking
- Building project fee is only 640 baht per month
Excellent choice for living or to purchase for investment purposes
If rented out, at current market rates, the estimated yield would be 7-8%!
EXCELLENT LOCATION!
- Chiang Mai Railway Station 700 m
- Night Bazaar 2.6 km
- Thapae 3.7 km
- 7-11 only 500 m
- Mc Cormick Private Hospital 1 km
- Central Festival Shopping Mall 3.5 km
- Chiang Mai Airport 9 km
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 Baan Krungthai Condotel 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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