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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 Pu Condo you have to follow these steps:
Standard Construction Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 35% 2nd Installment Foundation starting 25% 3rd Installment Foundation completion 15% 4th Installment Concrete Structure Completion 15% 5th Installment On handover 10% Deffered Payment Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 35% 2nd Installment Foundation starting 15% 3rd Installment Concrete Structure Completion 10% 4th Installment Post Construction Payment (Divided Up to 2 years) 40%
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.