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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 Pu Condo you have to follow these steps:
Standard Construction Installment Milestone Payment Reservation Deposit Immediately $2,860 1st Installment Upon contract signing 35% 2nd Installment Foundation starting 25% 3rd Installment Foundation completion 15% 4th Installment Concrete Structure Completion 15% 5th Installment On handover 10% Deffered Payment Installment Milestone Payment Reservation Deposit Immediately $2,860 1st Installment Upon contract signing 35% 2nd Installment Foundation starting 15% 3rd Installment Concrete Structure Completion 10% 4th Installment Post Construction Payment (Divided Up to 2 years) 40%
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.
Pu Condo is conveniently located just 900 m from Family Mart, which can be reached within 13 mins. by foot.
There are many other shops situated in the area of Pu Condo, the 3 closest being:
- Makro food service is 2.3 km away (an approx. drive of 6 mins.)
- Macro is 2.4 km away (an approx. drive of 7 mins.)
- RK Fashions & Tailor is 5.0 km away (an approx. drive of 14 mins.)
The surrounding area, where Pu Condo is situated, offers a wide variety of restaurants. See the closest of them below:
- Che-RA Hut Restaurant is 0 m away (a walk of about 1 min.)
- Khon Liang Chang Congee Bistro is 70 m away (a walk of about 1 min.)
- Nakorn Sri Rice ball larvae is 60 m away (a walk of about 1 min.)
Clinic Bodrum Phuket is the nearest health facility, which is 2.3 km away (you can drive there in 5 mins.) from the project, while the closest schools in the proximity of Pu Condo are:
- Phuket Tours - Phuket Cheap Tour is 320 m away (about 5 mins. by foot)
- Asia Scuba Instructors is 830 m away (about 12 mins. by foot)
- Sea Fun Divers Le Meridien Branch Karon Beach Scuba Diving is 1.1 km away (an approx. drive of 4 mins.)
Phuket International Airport is located 53.2 km from Pu Condo and it takes about 1 hour 14 mins. by car or taxi (depending on the traffic) to get there.