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CONDOMINIUM BUYING GUIDE FOR FOREIGN

RETIREES IN CHIANGMAI

 

      Check your foreign currency exchange rates against the Thai Baht with Bangkok Bank.

We feel it is a good time to buy property in Thailand and especially for foreigners to buy condos having 100% ownership. The situation with The Baht, and the USA and Japan's firm belief in defending the Yen,  won't change much from what it is. If anything perhaps few Baht swing only. LAND AREAS: 1 rai = 4 ngarn = 400 wah2 = 1600 m2; 1 talang wah = wah2 = 4 m2; 1 acre = 2.53 rai & 1 ha = 6.25 rai 

To date foreigners may own

  - a unit in a registered Condominium

  - a building (as distinct from its land)

  - a registered leasehold of up to 30 years for all types of titled land (and/or buildings).

  - a company can purchase land and buildings 49% foreign shareholding but must carry out business as well.

  - more than 40% of a condominium unless done in Company form.

  - 49% max of land/ buildings in a company

  - 1 Rai of land if they invest 40m baht in Thailand.

  - Usufract Interest or (sidhikepkin)  allows a foreigner to have temporary ownership to certain things in Thailand. Its really limited to 30 years but can be renewed just like a lease.


However, a 30-year lease can be a good idea with right to renewal to a freehold purchase, or a Thai company (7 PARTNERS) can be established with Thai majority shareholders. Foreigners own 49% shares in the company buying land but we can assist you to make sure your company is safeguarded. Remember if you need advice check first before you commit yourself.

 

 

FOREIGNERS BUYING YOUR CONDO IN CHIANGMAI:

--SRITANA2 Condo is a good choice

After reviewing many condo buildings in Chiangmai for various reasons like access to hospitals, floor access; security; foreigners help with reporting online to Immigration; internet access; wheelchair access, 8 floors of secure car parks; motorcycle rental, no over the top fees; no hidden costs; Supermarket; airport, downtown, dept stores and Banks plus the management who helps and condo complex itself our pick is SRITHANA2 off Huay Kaew Road,

NOT IN SRITANA2 CONDO: The downside of many condos. Bad management & no committee in place. Incomplete internal works & hidden fees. Some condos have underneath parking which can flood esp near the river but also in areas with unsuitable drainage. Check security & CCTV plus entry cards for owners.

WHO STAYS AT SRITHANA 2 CONDO: We have an assortment of foreigners and retirees from Japan; USA, UK, Norway; Australia and NZ to Thais and it is well run with an entry card system. We have x2 wheelchair bound owners from USA staying here. All the parking spaces have top security with 2 entrances that are locked at night from outsiders who were using the condo entrance as a short cut. In 2018 this has now stopped and security on both entrances at night. There is outside tables and well as tables on the ground floor area where you enter the parking building. Chiangmai Ram hospital is 5 minutes away walking.

Some condos do not assist foreign buyers with the 24 hour online arrival with Immigration wwhich must be completed in 24 hours or they fine the owners in Guesthouses; hotels, condos etc. Not so in Sritana2 condo--- the manager will assist all renters and owners here

 

All the outside parking areas are allocated to the owners and tenants using a sticker system which stops outsiders parking their cars here. This means there are always outside parking for owners and staff. Inside the 8 storey car park building there are 6 floors allocated to car parking on the floors 2-8 for rowners--plenty of spaces. Never buy a condo that has underground car parking?? as in the past years flooding has occurred and owners cars may not be covered by insurance? 1st floor is allocated to motorcycles.and bottom floor to bicycles, There is also a rental service for motorcycles on the ground floor.

However read our review on this condo and check it out yourself or ask us via email. We are here to help retiree foreigners coming to live in Chiangmai Thailand as at 2018

Siri Mangkalajarn Rd Lane 1, Tambon Su Thep, Amphoe Mueang Chiang Mai, Chang Wat Chiang Mai 50200 Phone: 053 220 738

 

Community notice board

Card entry system

Postal boxes. Retirees can leave with management enough funds to cover power; water; utility bills & email sent if overseas

Who can buy & own a condominium in Thailand any foreigner up to a max of 49% ownership. If Thai own 51% or over then the max condos available drops accordingly

OTHER IMPORTANT ASPECTS: Check security, how often changed; Sinking fund; Condo Management committee if any & be careful buying unfinished condos & never buy condos NOT built

LIVING IN CHIANGMAI--MAKE SURE YOU HAVE A WILL:

It is happening more often and in 2018 we have seen so many foreigners who do not have a will and have left no monies for their partners or wives who cannot even afford the burial. Do not let this happen to you. More foreigners are also being abandoned by their next of kin back in their home country who cannot afford to pay for their hospital fees outstanding and for repatriation back to their country. [ Check Wills & Long term Care Help ] .

WELCOME TO THE EXPAT RETIREE HELPLINE FOR FOREIGNERS COMING TO LIVE IN CHIANGMAI--WHERE TO BUY AND WHY?

 

NOW CHECK ON THE BEST CONDO: Sritana2.condo FOR FOREIGN RETIREES in Chiangmai SHOULD BUY & WHY ] [ Sritana2condo ] [ Internal views ] [ Car Parking ] [ Central entrance ] [ Sritana2condo safety ]

WHY USE OUR SERVICES: 

We work for you (Both Thai & foreign consultants )
No hidden charges-everything is up front.
Guaranteed conveyancy help &  Company, work permit & land  setup for foreigners
Because you have the benefit of foreign help with our Thai lawyers and expat consultants
Full house onsite appraisals. Cost is 3000 baht for a house under 2 years old & 5000 baht for older houses plus travel. This 5 page report with pics and recommendations is a must if you want to know what your house is really like..
 

[ Best way to buy Thailand property ] [ Borrowing money] [ Using Thai Company to hold Property ]

 

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