Free hold Baan Suan Greenery condo for sale Chiang Mai , ChiangMai, Thailand ฿2,400,000/52.5 Sq.m

Free Hold Exclusive Condo for Sale with a View of Chiang Mai and the Surrounding Mountains.

Free hold studio for sale at Baan Suan Greenery Hill Condominium is fully furnished and it comes with a Western kitchen that can cater for all your cooking needs.  The double bed is accompanied by desks and closets which makes it ideal as a work place for the single person. Air conditioning is fully provided and there’s a balcony that provides a peaceful area with a great view. Downstairs there’s a stylish swimming pool with a hot tub, CCTV, a fitness center, 24/7 security and a parking area that is undercover.

The location is only 5-10 minutes from Nimmanhaemin Road and Chiang Mai University. The location is just off the Superhighway behind Wat Jed Yod and it’s a perfect place for those looking to combine a city based lifestyle with the peace and quiet of Huay Kaew waterfalls. Nearby is Malin Plaza Chiang Mai, Chiang Mai Zoo and the 700^th Anniversary Chiang Mai Sports Complex and the old city of Chiang Mai.

The property for rent is near by the area of  Chiang Mai Map Zone 22: Chiangmai University

@ Chiang Mai University 
@ Chiangmai Zoo
@ Malin Plaza Chiang Mai 
@ Rajamangala University of Technology
@ Chiang Mai International Convention and Exhibition Center
@ 700th Anniversary Chiangmai Sports Complex
@ Kireethara Boutique Resort Chiangmai

Please let me know if We can do more to support this, feel free to tell us or welcome to our office inside Promenada Shopping Mall  ‘Realtorchiangmai’ office : Building A ( Ground floor LG35 & Garden Zone  between Building A to Building B)  

By Paul&Esther Real Estate Co.,Ltd 
@ International Realtors Association (USA) REALTORS
@ IEA InstituteI of Estate Agents, Singapore Mr.Paul (MR.Bhumarin Chuenchai) / M’ship No: L00035 Certified Course in Marketing of Foreign Properties  (CCMFP; Thailand, Singapore, Malaysia, Indonesia, Philippine, Japan, China, Australia, New Zealand, India and United Kingdom)
@ Thailand RESAM ( Thai Real Estate Sales and Marketing Association)

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Metric System - Land Measurement

The Metric System was adopted 1923 BUT old Thai units of measurements are still commonly used "Talang", "Wah" and "Rai" are most commonly used.Talang means square. 1 Talang equals 1 square meter. Converting units of measurements like "Rai" and "Wah" can be quite complex may create legal issues.  Caution-know what you are buying based on Thai units of measurements.

Tenures (Title Deeds) : Chanote Or Nor Sor 4 Jor is most credible.Highest land Title - grants full rights over the property.Properties surveyed in accordance to national survey grid and properly marked.

House Book (Tabien Bahn)
A Ta.Bian.Baan or Tabien Bahn (house book), issued by the Thai government via their local municipality. It links a person having their domicile to an address and is Not proof of Ownership of Properties.
Two (2) types of Tabien Bahn: Blue book (Thor.Ror.14) for Thais; Yellow book (Thor.Ror.13) for Foreigners.

Foreign Ownership of Real Estate

Foreigner can purchase condominiums or apartments without exceeding quota of 49% of foreign ownership. Funds must be brought in externally for property purchases.

A *Tor Thor 3 or Tor Thor Sam document or a Foreign Exchange Transaction Form from a Thai bank is requires as proof of funds being transferred externally for property purchases by foreigners.

* Buyers must secure a Tor Thor 3 or Tor Thor Sam document or a Foreign Exchange Transaction Form as proof of their remittance or international transfer of funds (better in Thai Baht) for the purchase of property. Buyers are required to bring this document to the Land Department when effecting property transfer.

* Foreign Buyers can acquire Leasehold land for a period of thirty (30) years with renewal for another thirty (30) years.

Each condominium shall have aliens or corporate as indicated under Section 19 holding ownership in the units collectively not exceeding forty-nine (49%) percent at the time registration.

A joint venture formation ; Special Purpose Vehicle (SPV) makes it possible for foreigners to acquire house and land.

For a SPV, max of up to *two(2) foreigners can be shareholders with majority of the rest (51%) being Thai.

* Thailand Land Code, Sect 95, Foreign investors bringing in or investing THB 40 million (USD1 million) into Thailand can acquire land with a freehold title (not coastal property) for personal use, not exceeding *1 Rai (1,600 sq.m.) to be approved by the Minister.

Condition :

(1) Type of business which foreigners invest that will economically and socially benefits the country or which is declared by the Board of Investment as eligible for the application of the investment promotion under the law thereon.

(2) The period of maintaining the investment shall not be than three (3) years.

(3) The land that the foreigners may acquire shall be within the locality of Bangkok Metropolitan Administration, the City of Pattaya, Municipality, or the zone designated to be the residential area under the law on city planning.

Freehold Ownership

If you are buying a Freehold title property, you will need to form a Company. You can be a Director of the company that holds the title to the property with complete control. When a foreign national has invested (USD$1 million) in stocks, securities, or companies, and has Board of Investment (BOI) approval, the BOI may recommend that the foreign national be permitted to hold a freehold title not exceeding an area of 1,600 sq.m.

Leasehold Ownership
Buying a Leasehold property means that you are getting a 30 Years Lease but in practice, Leaseholds can be obtained for a 60 year period using the “30+30” mechanism, whereby a 30-years lease is agreed between the freehold title holder and the lessee, that includes a legally binding extension contract for further 30-year period.
Except under special circumstances, foreigners or foreign juristic entities may not own land and are limited to ownership of 49% of condominium units as defined by the Condominium Act of 1999.

MORE INFORMATION welcome to "REALTORCHIANGMAI OFFICE" and feel free for our consult .