Kopar at Newton Image
Kopar at NewtonHow to Buy a Condominium in Kopar Newton
Kopar at Newton Image By http://singnewhomes.com/kopar-at-newton-showflat/
Kopar at Newton is located in Prime District 9, Kopar At Newton presents the best of city living in a tranquil residential enclave. The iconic Newton Food Centre is a 2 minutes walk away, while Newton MRT is only 4 minutes away on foot. All around, it is also surrounded by renowned schools, lush national parks, and trendy lifestyle amenities. Kopar at newton Showflat is near Newton MRT . The Kopar at Newton is Great for Families
As the Kopar Newton condo location is in a renowned residential area of Singapore, there are some of the finest school options in the country in extremely close proximity.
Parents with children of all ages will have their choices between numerous primary and secondary schooling options, ranging from reputable local schools to world class international institutions.
Buying a Condo is Safe
Buying a condominium unit has become the simplest and easiest alternative for foreigners who want to own a piece of real property in Thailand. The foreigner can own the condo unit under their own name. Under Thailand law, it is not prohibited for a foreigner to own a condominium building in the country as long as his title therein does not exceed forty-nine percent (49%) of the whole condominium building.
Thus, a foreigner may purchase one or more condominium units, as long as it does not exceed forty-nine percent (49%) of the total number of units in the condominium building.
Funds for acquisition of property must come from abroad
In purchasing the property, the foreigner is required, under the law, to pay for the condominium unit in foreign currency with funds from abroad, and duly recorded as such in a Thai bank as evidenced by a "Foreign Exchange Transaction Form," or the TT3 Form. A TT3 Form is required to be presented upon registration of the transfer of ownership.
To do this, the foreigner/buyer must: 1) open an account with a Thai bank; 2) after opening an account, the buyer must transfer the funds in foreign currency to a Thai bank account; 3) make sure that there is a written declaration that the reason for the transfer is for purposes of "purchasing a condominium; 4) ask for a Foreign Exchange Transaction Form from the bank (TT3 Form).
Procedure for Purchasing a Condo in Thailand
Step 1 Title Search It is very essential for the foreigner desiring to acquire a condominium unit, or for that matter, a share in the ownership of a condominium building, to determine whether title thereto is clean. The unit, or the building, and the land over which the condominium stands should not be mortgaged. It is also very imperative that the foreigner/buyer transacts with the legitimate owner of the property or the duly authorized representative.
Step 2 Sale Agreement A Sale Agreement is the contract between the seller and the foreigner/buyer wherein the condominium unit subject of the sale is transferred from the ownership of the seller to that of the buyer for a fixed price agreed upon by both parties after a meeting of the minds between the two parties.
Kopar at Newton Image By http://singnewhomes.com/kopar-at-newton-showflat/
Kopar at Newton is located in Prime District 9, Kopar At Newton presents the best of city living in a tranquil residential enclave. The iconic Newton Food Centre is a 2 minutes walk away, while Newton MRT is only 4 minutes away on foot. All around, it is also surrounded by renowned schools, lush national parks, and trendy lifestyle amenities. Kopar at newton Showflat is near Newton MRT . The Kopar at Newton is Great for Families
As the Kopar Newton condo location is in a renowned residential area of Singapore, there are some of the finest school options in the country in extremely close proximity.
Parents with children of all ages will have their choices between numerous primary and secondary schooling options, ranging from reputable local schools to world class international institutions.
Buying a Condo is Safe
Buying a condominium unit has become the simplest and easiest alternative for foreigners who want to own a piece of real property in Thailand. The foreigner can own the condo unit under their own name. Under Thailand law, it is not prohibited for a foreigner to own a condominium building in the country as long as his title therein does not exceed forty-nine percent (49%) of the whole condominium building.
Thus, a foreigner may purchase one or more condominium units, as long as it does not exceed forty-nine percent (49%) of the total number of units in the condominium building.
Funds for acquisition of property must come from abroad
In purchasing the property, the foreigner is required, under the law, to pay for the condominium unit in foreign currency with funds from abroad, and duly recorded as such in a Thai bank as evidenced by a "Foreign Exchange Transaction Form," or the TT3 Form. A TT3 Form is required to be presented upon registration of the transfer of ownership.
To do this, the foreigner/buyer must: 1) open an account with a Thai bank; 2) after opening an account, the buyer must transfer the funds in foreign currency to a Thai bank account; 3) make sure that there is a written declaration that the reason for the transfer is for purposes of "purchasing a condominium; 4) ask for a Foreign Exchange Transaction Form from the bank (TT3 Form).
Procedure for Purchasing a Condo in Thailand
Step 1 Title Search It is very essential for the foreigner desiring to acquire a condominium unit, or for that matter, a share in the ownership of a condominium building, to determine whether title thereto is clean. The unit, or the building, and the land over which the condominium stands should not be mortgaged. It is also very imperative that the foreigner/buyer transacts with the legitimate owner of the property or the duly authorized representative.
Step 2 Sale Agreement A Sale Agreement is the contract between the seller and the foreigner/buyer wherein the condominium unit subject of the sale is transferred from the ownership of the seller to that of the buyer for a fixed price agreed upon by both parties after a meeting of the minds between the two parties.