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This fantastic two-bedroom, two-bathroom condo of 153.32 square metres is now available for sale as part of The Privilege project in Patong, Phuket. Newly completed in December of 2014, this is a great opportunity to capitalize on all that Phuket has to offer. Boasting one of the most sought-after addresses in Southeast Asia, the award-winning Privilege project has no shortage of sought-after amenities. These include a rooftop lounge, infinity pool, and fully-equipped fitness and aerobics centre overlooking the azure waters of Patong Bay. With Patong's trendy nightlife, secluded beaches and diverse restaurants just a few minutes away, this is the ideal residence to take advantage of the all the area has to offer. All this is available for an amazing base price of ฿19,931,600 (฿130,000/SqM). Bright and airy, the condo is complete with floor to ceiling windows that allow for ample light and views of the sparkling bay. Finishes and furnishings are stylish and modern, with top-of-the-line appliances and courteous service. Featuring excellent security, complete with 24/7 concierge, this condo is an opportunity not to be missed. As an investment, or a late-in-life reward, this serene residence is the perfect place to enjoy the beauty of Patong Bay. Enquire today and see the potential of this place for yourself.
Foreign nationals can be freehold owners of condominium units, in buildings where not 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 that 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.
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