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This beautiful 30.48 SqM studio condo is the perfect opportunity to become the proud owner of a luxury property in the ever popular Karon area of Phuket. It is the latest addition to the highly sought after VIP Kata Condominium 2 project and provides easy access to a wide range of recreational activities, restaurants, bars and shopping. The condo, which was completed in May 2020, is both spacious and stylish, with one bathroom and plenty of natural sunlight. Worried about space? Don't be, this condo has been designed with functionality and modern living in mind, making the most of its available size. The property has excellent local transport links, allowing you to travel in and out of the city with ease. It is also close to the beach and many of the islands' popular tourist attractions, including Karon Beach and Kata Beach. Prices in the area are quickly rising, so don't miss out on this excellent opportunity to own a prime piece of Karon real estate for just ฿4,510,000 (฿147,966/SqM). Invest in this property today, and you will benefit from fantastic rental yields and potential capital growth for years to come. For further information about this outstanding studio condo and to enquire about purchasing it, please don't hesitate to contact us today. Seize the opportunity to live the tropical life in one of Phuket's most desirable locations.
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 VIP Kata Condominium 2 you have to follow these steps:
Installment Milestone Payment Reservation Deposit $2,910 1st Installment Upon contract signing 20% 2nd Installment Foundation works done 20% 3rd Installment Building structure completed 20% 4th Installment Completion of the walls 20% 5th Installment Completion of interior and ownership 20%
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.