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Boasting a luxurious, contemporary lifestyle, this one-bedroom, one-bathroom condominium in The One Naiharn project offers buyers a rare opportunity to own a slice of paradise in Phuket. Situated in the highly desirable Rawai area of the paradise island, this condominium is moments from the island's picturesque beaches, and a variety of entertainment, shopping and dining destinations. This 69.03-square-meter apartment is scheduled for completion in August 2023, and is currently listed for sale at a desirable base price of ฿9,132,700 (฿132,300/square meter). Upon entry, you will be awestruck by the exquisite detailing and beautiful design of this abode. The bright, pristine interiors create a delightful ambience, while the high ceilings add to the sense of space. The kitchen and living area come equipped with the highest quality appliances, ensuring that all your culinary needs are readily in reach. The bedroom is fully-fitted with a top-of-the-range mattress, comforter and pillows, creating a sumptuous and comfortable sleeping surface for all members of the household. In addition, the condo comes complete with a vast balcony, affording peace, serenity and an inspired view of the ocean. From its prime address in the city, to its top-of-the-line finishings, this condominium is the perfect blend of convenience and luxury, and is a sure to please the most discerning buyer. Enquire today for more information about this magnificent property!
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, you have to follow these steps:
Standard Installment Milestone Payment Reservation Deposit Immediately $4,320 1st Installment Upon contract signing 35% 2nd Installment Foundation completion 20% 3rd Installment Structure completion 20% 4th Installment Interior and furniture installation (minus reservation) 20% 7th Installment Unit Registration 5% Financing Installment Milestone Payment Reservation Deposit Immediately $4,320 1st Installment Upon contract signing 50% 2nd Installment Financing 50% Buy Back 100% Installment Milestone Payment Reservation Deposit Immediately $4,320 1st Installment Upon contract signing 100% Rental Guarantee Advanced Installment Milestone Payment Reservation Deposit Immediately $4,320 1st Installment Upon contract signing 100% Thailand Elite Visa Installment Milestone Payment Reservation Deposit Immediately $4,320 1st Installment 30 days after contract signing 100%
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.