Q: How foreign can buy Touch Hill Place Condominium – Chiangmai, in Thailand ?
A: Foreign Ownership of Condominium Property:
Touch Hill Place Project is being developed under the Condominium Development Act in accordance with the laws of the Kingdom of Thailand.
We offer a freehold ownership structure to Thai 51% and foreign 49% buyers.
Q: How about the Sales Process?
A: Pre-Completion Payment: 30% down payment
Balance on Transfer: 70%
Q: How about the Payment Procedure?
A: Foreigner are required to remit at least USD 20,000.- into Thailand per transaction transfer to get a FOREX Transfer Form. However, the foreign buyer have to keep these forms to declare the Land Dept on the date of ownership transfer.
Q: Any other Expenses?
A: Ownership Transfer Fee: Shall be equally borne by the Buyer and the Seller
Juristic Fees: 30 Baht.per Sq.m. per month payable 2 years in advance
Sink Fund: 400 Bht per Sq.m. (one time charge)
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