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This 1 bedroom, 1 bathroom apartment located in The Bay and Beach Club project in Patong, Phuket is a great opportunity waiting to be taken! Completed in December 2018, this 56 SqM of living space is perfect for a beachside residence, letting you experience the true beauty of Phuket and its stunning surrounds. The property itself is brimming with potential, providing both indoor and outdoor living to enjoy. Boasting wonderful views of the beach and private gardens, this is an idyllic environment to call 'home'. The kitchen is fitted and ready, and your abode also has a large balcony to escape and admire the sights and sounds below. The Bay and Beach Club project offers many great amenities for its residents as well, including a fully-appointed gym, tennis court, 3 swimming pools, and even a beach shuttle to provide you with easy access to Patong. This is an incredible opportunity, and with a base price of just ฿14,112,000 (฿252,000/SqM), it's a fantastic investment that you simply must inquire about! Come and experience the best of Patong and this property, and make it your own.
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 The Bay and Beach Club you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately £4,570 1st Installment Upon contract signing 50% 2nd Installment Lock up Stage 30% 3rd Installment On handover 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.