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This little gem is a great opportunity for first time buyers! This modern 30 SqM studio condo comes with one bathroom, just perfect for kicking your condominium living career off in the right direction. Located in the popular Best Point project in Wichit, Phuket, this cozy home was completed in November 2013 – so you can move in no time.You'll want to act fast on this one, as it's offered for a base price of just ฿1,540,000 (฿51,333/SqM) – that's unbeatable value for money! Plus, thanks to the location, you'll be close to all the action that Phuket has to offer. This property is a great choice for anyone looking to switch up their living arrangements and get into their own condo. So why wait another minute? Enquire now and you could make this awesome studio your new home.
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.