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This 36 SqM condo located in the Centrio project in Wichit, Phuket is a one-of-a-kind opportunity that you won't want to miss. This condo is well appointed, comprising of one bedroom, one bathroom and completed in August 2015. A property of this caliber with is rare in this area and offers serious potential to investors. All the modern conveniences are at your fingertips and with its prime location in a growing district, there is huge potential to capitalize from. The price tag of ฿3,127,727 (amounting to ฿86,881/SqM), makes this offering hard to resist. When you consider the fact that a similar style property in the neighbouring district is selling for ฿90,000/SqM, you can start to see the potential return on your investment. The Centrio Project is located at the center of the up and coming Wichit district. With its close proximity to businesses, shopping convenience and all amenities, the area continues to grow, making this a safe and secure investment. This offered condo is truly a rarity and assures investors of a security and future returns. Truly, this is an incredible opportunity to purchase a beautiful condo with all the modern amenities at a reasonable price. If you're looking for a great opportunity to be part of something truly unique with tremendous potential, then this is the right property for you. Enquire today and make sure you don't miss out.
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 Centrio 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.