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Let's talk about the good stuff first! Are you looking for a condo in an exciting area of Phuket? Then don't look any further! This property is the perfect fit for you! This cozy 33.80 SqM condo comes complete with one bedroom and one bathroom - and it's only a stone's throw away from everything you need. It's part of CITYGATE, an up-and-coming area in Kamala that was completed in December 2019. Plus, it's conveniently located near tons of cool cafes, restaurants, and shopping centers, which means you'll have access to plenty of fun activities.Sure, its small size might have you wanting a bit more space, but the good news is that the price tag is totally doable! Yeah, you read that right: You can own this place without having to take out a loan! This condo will only set you back ฿4,015,440 (฿118,800/SqM), so you won't have to break the bank! Plus, you can be sure that you're making an investment in a property that's worth it, 'cause Phuket's property market is on the rise.If great location and pocket-friendly prices are high on your checklist, then this property should definitely being at the top of your list! Enquire now and don't miss out on this amazing 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 at CITYGATE you have to follow these steps:
CITYGATE Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment within 14 days from the date of reservation 50% 2nd Installment 1 months after contract signing 25% 3rd Installment within 15 days from inspection notice 25%
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.