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This investment opportunity is a well-constructed, 36 SqM studio condo situated in the burgeoning Chic Condo project of the luxury beach resort area of Karon, Phuket Thailand, completed in November 2012. The abode is ideally suited for an array of purposes including vacation rental, retirement haven, gratifying primary residence, or lucrative investment portfolio. Condo ownership offers unrivaled ‘bang-for-buck' in the market with astounding returns – especially in the Chic Condo project. The chic studio condo features quality fixtures and furnishing, definitive finishes, and impeccable aesthetics for the contemporary investor. Karon beach offers a plethora of activities and attractions such as paradisiacal beaches and waterscapes, incredible seascape views, luxurious restaurants and bars, delightful shopping boutiques and markets, and banks. If the purchaser desires a change of pace or scene, the neighboring cities of Phuket Town and Patong are just a few minutes' drive away. For investors or holidaymakers, the yearly running costs and minimal HOA fees of the Chic Condo project make membership and ownership simple and economical. This studio condo, in particular, can be acquired for an alluring base price of ฿ 2,400,000 (฿66,667/SqM) - an incredible value for a chic and contemporary condo of 36SqM in the tropically enthralling Karon beach. The Chic Condo project combines the wondrous allure of Karon beach with quality, longevity and affordability - to form the perfect contemporary vacation or investment package. For those seeking an attractive and well-configured 36SqM studio condo for an enticing price, this property is unquestionably worth considering.
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 Chic Condo 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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