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For those seeking to buy an exclusive city abode in an idyllic tropical setting, look no further than this sublime 41.20 SqM studio apartment. Resplendently located in the esteemed The Bay and Beach Club project in Patong, Phuket, this property is as luxurious as it is welcoming, having recently been completed in Dec 2018.With options for customisation and opportunities for personalisation, this remarkable apartment offers a platform for buyers to stamp their own style and design ethos onto their new residence, making it uniquely their own. With one lavishly appointed bathroom, the potential for extravagance and the release of the inner interior designer are seemingly endless.The market price of ฿216,000/SqM offers a fantastic value point, placing this wonderful pad well within reach of the prudent investor. Given the quality credentials of The Bay and Beach Club project and its prime location, this property presents a tremendous chance to own a slice of paradise in the heart of Phuket at a budget-friendly base price of ฿8,899,200. Your purchase of this glorious apartment is a one-time opportunity to join the ranks of the elite and acquire a distinguished residence suitable for your most luxurious needs, with Patong's restorative serene and herculean marine activity on your doorstep, it is hard to imagine a better place to call home. This is one piece of coastal real estate that you simply cannot afford to miss – enquire now for further information and for your tickets to the luxurious dream.
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 £4,630 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.