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VIP Tropica is a new residential project by the trusted Thai developer VIP Thailand — their seventh project already. The complex will have everything for comfortable living and relaxing: – 4 residential buildings with modern design – 2 large swimming pools in the courtyard with sunbeds and tropical greenery – Infinity rooftop pool with panoramic views, bar, and palm trees – Multiple bars and cafes on-site — order drinks right by the pool – 2 indoor kids’ playrooms and an outdoor playground – 2 gyms with full fitness equipment – 2 coworking zones: one for meetings with private rooms, the other as an open office – Spa, sauna, and commercial spaces including shops – Outdoor parking – Gated area with video surveillance and keycard access All apartments come fully finished, with furniture, appliances, and textiles included in the price. You can move in or start renting out immediately. Just 900 meters to the beach. The neighborhood is highly developed with cafes, schools, markets, shops, and fitness centers nearby.
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, you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately £4,550 1st Installment 30 days after contract signing 30% 2nd Installment When the project starts pilling 30% 3rd Installment When completion of structural columns and roof construction 30% 4th Installment On handover 10%
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.