pkrv

We are a Farang/Farang couple who purchased a Farang quota feehold 'off the plan' condominium called The Park Residence Chidlom at No 1 Soi Chit Lom, Bangkok. We landed on our feet, the project won first place in the CNBC awards for best high rise Thailand. It was developed by Hemaraj a .SETI 30 Thai company.

http://www.theparkresidence.co.th/main.asp

The purchase was made back in 2005 when GBPTHB= was around the 75 mark, IMO a lesson in exchange rate movement for everyone! We have recently been as low as 50, ouch! We have our blue house book (without our name in it Farangs cannot be in this book) and Chanott ti din (often called a Chanott, Chanote or Chanoot), with our names translated into Thai on it - this is the core ownership document, or title deed, it even details our allocated car parking space.

The threads I consider of most value are:

Banking/opening a new account in Thailand

http://www.thaivisa.com/forum/Opening-Bank...nd-t260738.html

And the CBD thread because this is the area I live in

http://www.thaivisa.com/forum/Major-Projec...uan-t58207.html

We are currently UK based and are making plans for retirement, so we currently operate in Thailand on a "visa on arrival" only as we are from the UK this is automatically granted (providing you haven't done anything silly of course O:-). Often the motivation for my posts is long term planning.

The banking documentation we have for our unit is actually quite complex as it was bought off the plan and via the developers account. This documentation is required should you require to take funds out of Thailand at some point.

Because we paid by installments four of which were less than 20,000 USD we are issued in total 4 letters called Bai Rap Rong (s), detailing the amount, condominium name and unit (specified on the SWIFT "Reason for transfer" line) but in our case not rate as we transferred THB for the purchase.

And one Foreign Exchange Transaction Form (FET, or FETF) for the final installment (obviously over 20,000 USD) and rate applied, as this occurred during the onshore offshore issue. (we transfrred GBP to the developers account)

There is now a pinned thread on Condominiums

http://www.thaivisa.com/forum/Condominium-...nd-t320264.html

and the FET/FETF is discussed here:

http://www.thaivisa.com/forum/Foreign-Exch...rm-t164242.html


I try to put back into Thaivisa the knowledge I have gained in repayment for all the excellent advice I have received over the years. Mind you there was a lot of crap to read through too ];-)