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ALBAR Peninsula Low Rise Condominium, 4 buildings, located on Sukhumvit Road. Near Ban Amphur beach This project is suitable for people who are looking for a condominium for investment. There are rooms to choose from from Studio – 2 Bedroom, fully furnished at a starting price of 1.89 million baht, with a guaranteed yield of 6% over a period of 10 years with the right to stay 15 days per year.
The project devloper has some units on rental guarantee offer.
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Quick guide to some of the FAQ regarding buying a Condo in Thailand,
Foreign Nationals can own a condo fully in their own name, as long as the quota for Foreign ownership rights is not reached.
By Thai law 51% of the condo units in a Project is reserved for Thai Nationals, (often referenced by Thai Quota).
49% of the condo units may be sold to Foreign Nationals. (often referenced as Foreign Quota)
Thailand has many different visa types, the most common are Retirement Visa, Business Visa, Student Visa, Elite Visa, OA Visa. Each Visa has different requirements.
After you found the right property, the common steps are:
– Outlining of terms and conditions.
-Deposit to hold the property.
-Signing of Sales Agreement.
-Transfer and Settlement.
In general this process takes 30 days.
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