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Looking for your dream condo in Phuket? Look no further than Utopia Central! Located in Kathu, this brand-spanking-new studio condo could soon be yours. Boasting 24SqM of living space, 1 bathroom and completed just this April, you simply have to come and check it out!It's an incredible opportunity for those seeking a condo in the heart of Phuket, with easy access to all the popular destinations. Whether hitting the beach, indulging in a day of shopping or treating yourself to a delicious Thai delicacy - it's all within easy reach.What's more, you can purchase this dream pad for an unbelievable base price of only ฿3,025,000 (฿126,042/SqM)! It's a deal you simply can't let slide through your fingers - so what are you waiting for? Enquire today and get ready to call Utopia Central your new home!
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 Utopia Central you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿100,000 Down Payment Upon contract signing 30% 1st Installment During Construction 20% 2nd Installment On completion 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.