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Pinch yourself, you're not dreaming - this is the real deal! Step into your vibrant new lifestyle in this 157 SQM Open Seaview condo as part of the highly acclaimed The Privilege project in Patong, Phuket. If you are seriously looking to purchase, this coveted residence is being made available at an incredibly economical base. This luxurious condo was completed in Dec 2014 and comes complete with two inviting bedrooms and two bathrooms. Put your feet up each day in total comfort and delight; enviably situated opposite the vast beach and nearby a variety of shops, dining spots and entertainment options. Be it a pad for a couple of weeks away, or a longer-term rental project providing rental income, this condo is a must-see. Perfect for a resort-style living but without comprising comfort. Picture yourself here, relaxing in the sun and enjoying the views in this idyllic spot. Don't sit on the fence…make your dreams of perfect peaceful living a reality.
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 Privilege you have to follow these steps:
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.