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Are you ready to join the not-so-exclusive society of luxury resort condo owners in Phuket, the Pearl of the Andaman Sea? Look no further than this one-of-a-kind property located in the exclusive Best Point project of Wichit, Phuket! This fantastic 30 SqM studio condo has everything you need, no matter the type of owner you are. Maybe you're looking for a peace and tranquil beachfront paradise for your own personal niceties or a new income-generating vacation property to add to your portfolio - this property has it all. This great condo was recently completed in November 2013 and features 1 bathroom for all your needs. But the biggest draw of all? This property is available for sale for a cool ฿1,440,000, that's only ฿48,000 per SqM – a steal of a deal. With other condos selling at prices up to ฿100,000/SqM, you really can't beat that.While there are many condos in Phuket, this opportunity is a step ahead of the rest. What are you waiting for? Don't miss this chance to own a bright and beautiful piece of paradise in this great part of town. Enquire for more information 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.