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Do you want to buy a 'room with a view' close to the tropical island paradise of Phuket, Thailand? Then step right up and take a peek at this 30 square meter studio condo located in the Best Point project in Wichit. Rising up against an idyllic backdrop of pristine beaches, sparkling ocean waters and palm-fringed islands, this condo won't stay on the market long. Constructed in November of 2013, the base price of this property is a cool ฿1,540,000 (which equates to ฿51,333/SqM). With one bathroom included, the condo provides an ideal hideaway after a long day out and about, and its location puts you right in the heart of the action. From vibrant nightlife to the opportunity to explore a variety of cultural wonders and culinary delights, the possibilities are simply endless. But don't wait too long—you'll want to get in on this property before someone else steals it from beneath you. Get ready to live the beachfront life of luxury, and enquire today!
Foreign nationals can own condominium units as freehold owners in buildings where no more than 49% of the unit floor space is owned by foreigners. Units that are part of the Thai quota or are being leased for 30 years can be converted to the foreign freehold quota if it is currently below 49%.
Foreigners can own a condominium Freehold in their own name. Condominium ownership is best explained by looking at an example of a project that has 100 units for sale.
In this example, 49 of the total units in this building (or 49% of the total salable area) can be owned outright by non-thai nationals in their name. The ownership titles of these 49 units is referred to as Freehold or Foreign Quota.
This leaves 51 units remaining in the building (or 51% of the total salable). The freehold rights to these units are reserved for Thai nationals in what is commonly referred to as the Thai quota.
After you have found the right property at Best Point you have to follow these steps:
Thailand has different visas like Spousal Visa, Retirement Visa, Student Visa and Elite Visa - just to name a few options. Each visa has different requirements but they are usually easy to obtain.