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Discover your new home in this beautiful condo at D Condo Reef, Kathu, Phuket. This 28.38 SqM one-bedroom, one-bathroom property is situated in the peaceful yet central Kathu area. Featuring the special room number 99/89, this condo promises prosperity and progress, perfect for those who believe in the power of numbers! Completed in September 2024, this condo offers all the modern amenities you need, including a large swimming pool, gym, parking, and 24-hour security. Location Benefits:
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 Dcondo Reef Phuket you have to follow these steps:
STU&1BR Installment Milestone Payment Reservation Deposit Immediately $2,880 1st Installment Upon contract signing 30% 2nd Installment On handover 70% 2BR Installment Milestone Payment Reservation Deposit Immediately $5,760 1st Installment Upon contract signing 30% 2nd Installment On handover 70%
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.