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CONDOMINIUM BUYING GUIDE FOR FOREIGN

RETIREES COMING TO CHIANGMAI

TO LIVE AND WHY SRITANA2 CONDO IS IDEAL FOR FOREIGN EXPATS & VALUE FOR MONEY LIVING WITH RETIREE ACCESS AND CLOSE TO SERVICES

 

      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 or RENTING A CONDO IN CHIANGMAI:

is a good choice for foreign retirees and expats --SRITANA2 Condo : Check internal of the building. 15 stories with additional building for 8 floors of parking with 8th top floor open parking.

SRITANA 2 CONDO: Siri Mangkalajarn Rd Lane 1, Tambon Su Thep, Amphoe Mueang Chiang Mai, Chang Wat Chiang Mai 50200 Phone: 053 220 738

 

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 itself our pick is SRITANA2 condo off Huay Kaew Road Soi just past the Shell Gas station, BY FAR THE BEST CONDO VALUE FOR MONEY & even though its a older condo its well looked after with own in house renovation crew that can add or change anything you need to your standards.

Fire extinguishers on each floor as well as hose Dry risers on each end corridor to outside stairwell. These are run by Chiangmai Municipal as they need to be charged via mains??

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. Safety more doors being installed on floors and also the back entrance to Central Dept for the owners as at June/July 2018. We have x2 wheel chair bound owners from USA staying here. We have renters retirees and teachers from the UK and USA women staying plus now some Chinese. All the cars have windscreen stickers to identify owners & theres security 24/7. 2x ground level 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. Ongoing issues are being sorted on behalf of the owners which in many condos goes unheeded.

Sritana2 Condo has the best parking area of any condo complex in Chiangmai. For those living on floors 2-8 there is a car park on the floor so no need to take the stairs or lift. You park on your floor with many parking spaces

There are 6 floors of car parking and safe to keep your car with zero flooding and the staff will make sure your vehicle is safe while you are away. This includes motocycles and you can buy covers at Tesco and BigC for your vehicles . Security is 24/7 and there is CCTV. Each floor is open to allow a cool breeze to blow through. There are high risers for fire on each floor by the outside stairwell. So at one end you have the stairwell and the other end goes to the open building carpark. Again safety has been the prime concern for management.

MOTORCYCLE RENTING: on the ground floor foreigners can use the renting service here. Rental bikes from 1 day to many days or you can hire one of the Orange bicycles that run via your phone app & can be dropped off anywhere in Chiangmai.

Khun Lek whose office is here on the ground floor also has a bike pump and tools for those who may have problems with bicycles or motorbikes free of charge for foreigners.

If you want more info please just write to us. We are expats who have lived in Thailand over 25 years

and live here. We do not ask for fees--we are here to help retirees as we are also retirees

For Car renting use Crown Rental Service:

Crown car rental will deliver to Sritana2 condo. Honda Jazz 800 baht a day or as Vios, Civic etc. 1000baht deposit. Full contract and insurance cover.

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 : Sritana2.condo FOR FOREIGN RETIREES in Chiangmai SHOULD BUY & WHY ] [ Sritana2condo ] [ Internal views ] [ Car Parking ] [ Central entrance ] [ Sritana2condo safety ] [ Laundry facilities ]

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..
 

 

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