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Are you looking for your first taste of paradise here in Phuket? With stunning views to fill your mornings, waking up in the VIP Kata Condominium 2 project never felt better! This studio condo is the perfect place to settle into and feel right at home. At 30.48 SqM with one bathroom, this condo is ready to become the perfect oasis for you or the ideal investment property. This property has the perfect mix of modern and local charm; built in May of 2020, this condo option has all the newest features and amenities without sacrificing the traditional beauty of its surroundings. A fast-growing condominium market and the natural serenity of Phuket make this one-of-a-kind real estate opportunity stand out from the rest.Plus, with a base price of only ฿4,730,000 (฿155,184/SqM), you can't go wrong! Whether you're looking to invest money or find your own slice of paradise, this condo is offering the perfect chance for you to dive in and enjoy the best Phuket has to offer. Make sure to enquire on this property before it's gone!
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.