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Are you ready to make the best investment of your life?! Take a look at this lovely The One Naiharn condo! Boasting a spacious 34.87 SqM in total, you're getting one bedroom and one bathroom with this deal. Nestled in the amazing Rawai neighborhood of gorgeous Phuket, this place is super close to the beach, tons of local shopping and yummy restaurants.You also won't be disappointed when you hear this place should be ready to move into by Aug 2023. That's less than a year and a half away so you can plan accordingly! And the cherry on top? It's a steal of a deal at ฿4,540,000 (that's just ฿130,198/SqM). Hurry and book a viewing now before someone else snaps up this once-in-a-lifetime opportunity!
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, you have to follow these steps:
Standard Installment Milestone Payment Reservation Deposit Immediately £3,420 1st Installment Upon contract signing 35% 2nd Installment Foundation completion 20% 3rd Installment Structure completion 20% 4th Installment Interior and furniture installation (minus reservation) 20% 7th Installment Unit Registration 5% Financing Installment Milestone Payment Reservation Deposit Immediately £3,420 1st Installment Upon contract signing 50% 2nd Installment Financing 50% Buy Back 100% Installment Milestone Payment Reservation Deposit Immediately £3,420 1st Installment Upon contract signing 100% Rental Guarantee Advanced Installment Milestone Payment Reservation Deposit Immediately £3,420 1st Installment Upon contract signing 100% Thailand Elite Visa Installment Milestone Payment Reservation Deposit Immediately £3,420 1st Installment 30 days after contract signing 100%
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.