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Are you a savvy investor of the condominium market? Here's a golden opportunity you won't want to miss out! For just ฿2,500,000 (฿50,000/SqM) you can own a 50 SqM condo with 1 bedroom and 1 bathroom situated in the luxurious Surin Gate project in Choeng Thale, Phuket! Built in Jan 2007, this swanky pad boasts character and charm in such an exclusive area - one that is just screaming with potential.Need to move ASAP? No problem! This condo is ready to become your home whenever you're ready. With everything from local attractions to world-renowned amenities all within close proximity, this could be your 'If I found this property at a higher price, I wouldn't take it'-type opportunity.Wondering about the neighbourhood? As one of Phuket's top tourist attractions, the Surin Gate project has it all – five star hotels, white-sanded beaches, and a lively nightlife to name a few. Boat trips and excursions are also close at hand, allowing you to make the most of those postcard-perfect Thai views right from your doorstep.Take advantage of this opportunity now and check out the Surin Gate project today. If you're looking for a dynamite investing opportunity, this could be exactly what you're looking for!
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 Surin Gate 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.