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The Point Condo 54.50sqm (New renovation and new full furniture with modern design) (yearly contract) 7FL with all new isolated windows 1 bedroom 1 bathroom with mountains view balcony 1 large living room with large kitchen New fully furnished and build in cabinets New Electrical appliances (2 TV, 2 A/C, Large refrigerator, Dish washing machine, Micro wave, Induction cook top, Washing machine) Large parking Swimming pool / gym (Water 23/unit) Common Fee 50THB per sqm / month (yearly payment) Transfer Conditions Transfer fee split 50/50 Business tax (paid by seller) Excess loan tax paid by buyer Perfect for residence or rental investment
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 Point Phuket 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.