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This "stupidly good deal" property is just what you've been looking for! The 30 Square Meter (SqM) studio condo, conveniently located in Wichit, Phuket, sure looks like a winner. It has only 1 bathroom, but it sure doesn't break the bank. Not only is "The Best Point Project" in Phuket awesome - it was completed in November 2013! So, you can bet it looks pretty darn sweet. And if you're worried about the price, don't be! At a base price of ฿1,490,000 (฿49,667/SqM), it's more than affordable. That's cheaper than, like, a takeout pizza! Why spend your hard-earned cash on some "blah food," when you can spend it on this "totally rad" condo? Not to mention, the convenience factor. You don't have to deal with numerous trips to the mall or store just to purchase individual items - all you have to do is come and view the place. No need to ask if it's been renovated, because who doesn't like a brand new place? Plus, you can get your hands on this real estate within a blink of an eye. So what are you waiting for? Check out this condo now, because it ain't gonna last long! With such an "insane" deal, you'd "have to be a total moron" to miss out.
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 Best Point 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.