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Serene Condo is the second project on the island by SID, following the highly successful Diamond project, which demonstrated significant appreciation in property value and high occupancy rates, leading to excellent rental yields. Discover this unique 28 square meter apartment located on the fourth floor (second residential floor) of a premium residential complex. The building features two additional technical floors housing commercial spaces, enhancing the overall convenience and accessibility. Key Features: - Transformable Space and Functional Layout: This apartment is designed for maximum versatility. The bedroom with a large bed can be easily transformed into a dining area by lifting the bed, revealing a spacious table for meals or work. Despite its compact size, the apartment includes a separate shower, toilet with sink, and ample storage space with two large closets. - Modern Amenities: Equipped with all essential amenities including wireless phone chargers, high-quality sanitary fixtures, and premium materials throughout. - Expansive Balcony: Enjoy a large balcony with a stunning view of the pool, perfect for relaxation and leisure. - Prime Location: Situated in a highly desirable area, just 15 minutes from renowned beach clubs. The complex itself offers several pools, a fitness center, and a coworking space, providing a complete infrastructure for both short-term and long-term stays. - Green Surroundings: The complex is nestled amidst lush greenery, offering a serene environment despite being in a well-developed area with restaurants, beach clubs, and tennis courts nearby. - Guaranteed Rental Program: Benefit from a guaranteed rental program with the developer, ensuring a minimum return of 5% per annum. The developer also manages the property, making it an excellent investment opportunity. - Attractive Pricing: Due to urgent circumstances, I'm looking to sell this property quickly. This means the apartment is being offered at a minimal price, almost without any markup after purchase and without an agent's commission, only a minimal FazWaz fee applies. This makes the price extremely attractive, especially considering that a similar unit from the developer was recently sold for nearly 4 million baht. - Completion Stage: The complex is in its final stages of completion and is expected to be operational by the end of the year. This means rental income can be expected from January next year. Additionally, you can enjoy a holiday stay during the peak season. This apartment is perfect for those seeking a luxurious, functional, and conveniently located living space with the added benefit of a guaranteed rental income. Don't miss out on this exceptional property!
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 Serene Condominium Phuket you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately £4,630 1st Installment Upon contract signing 35% 2nd Installment Superstructure completion 30% 3rd Installment Doors, windows, ceiling and tiles installation 15% 4th Installment Unit completion 10% 5th Installment On handover 10%
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.