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
- a unit in a registered Condominium
building (as distinct from its land)
registered leasehold of up to 30 years for all types of titled land
- 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.
or RENTING A CONDO IN CHIANGMAI:
--SRITHANA2 Condo is a good choice but check yourself
After reviewing many condo buildings in Chiangmai for various reasons like access to CM Ram hospital, 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 store and Banks plus the management who helps and condo complex is SRITHANA2 off Huay Kaew Road, CONDO VALUE FOR MONEY
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 wheekchair 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. We have a back entrance access to Tops Supermarket next door plus Central Dept. with downstairs toilets by the washing area
The facilities include the use of washers 10baht and driers plus a dispenser for water and soap powders.Water costs 5 baht to fill a large 4 litre bottle and if you want glass bottles or larger bottles delivered to your condo door this can be arranged.
However read our review on this condo and check it out yourself.
6x washing machines for owners and renters to use on ground floor by the Office
Water vendiing machine for owners and renters
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
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
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..