Copacabana 2 Bedroom for sale

Description

• Copacabana
• Size: 64 square meters
• Floor: 23rd floor
• View: Front sea view
• Tenure: FQ (Foreign Quota)
• Price: 14,100,000 (currency not specified)

• Price reduced from 16,400,000 to 14,100,000 baht.

In Thailand, the term "Foreign Quota" (FQ) refers to the units within a condominium building that can be legally owned outright (freehold) by foreign individuals. According to Thai law, foreigners can own up to 49% of the total floor area of all units in a condominium building. When a condominium is registered, it is divided into two quotas: the Thai Quota (51%) and the Foreign Quota (49%).  

• Foreign Quota: Allows foreigners to purchase and register ownership of a condominium unit in their own name with a freehold title.
• Thai Quota: Units within this quota are typically owned by Thai nationals or Thai companies. Foreigners can still acquire these units, but usually under a leasehold agreement (long-term lease).

The fact that this apartment is listed as "FQ" indicates that it is available for purchase under the foreign ownership quota, making it attractive to international buyers seeking freehold property in Thailand.

• Location (Copacabana): There are locations named Copacabana in different parts of the world, most famously in Rio de Janeiro, Brazil, and a suburb in New South Wales, Australia. Without further context, it's difficult to know which Copacabana this listing refers to. If it's in Thailand, it's likely Copacabana Beach Jomtien in the Chon Buri province (near Pattaya), which is a popular location for beachfront condominiums.  
• Size (64 sq m): This is a reasonable size for a 2-bedroom apartment, offering comfortable living space.
• Floor (23rd): Being on a higher floor often provides better sea views and potentially more privacy.
• Front Sea View: This is a desirable feature, often commanding a premium price due to the unobstructed views of the ocean.
• Price (14.1 Million): The currency is not specified. If this is Thai Baht (THB), then 14,100,000 THB would be a significant investment. For comparison, some 2-bedroom condos for sale at Copacabana