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Are you looking to live in serious luxury in Phuket? Look no further than this one-bedroom, one-bathroom condo in the Best Point project in Wichit. It's a chic studio, coming in at a comfy 30 square meters, and it was just finished in November 2013. If you're concerned about price, don't be – you can buy it for a surprisingly frugal ฿1,630,000 (฿54,333/SqM). Imagine: you, soaking up the sun in your brand-new studio condo. As you lounge, you breathe in the fresh Phuket air. Maybe you take a dip in the pool, or wander down the lush streets of Wichit, with the knowledge that you can go back to your lavish new pad with just a few steps. Best Point isn't just a project - it's a lifestyle. And with this exceptional condo, that lifestyle can become a reality. So don't hesitate - if you're looking for a peaceful paradise in Phuket, this is the perfect opportunity. Enquire today and make it yours!
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.