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Live, invest, or both — this 28 sq.m fully furnished studio puts you right in the center of everything Patong is known for. Just a short stroll to the beach, Bangla Road, 7/11, shopping, dining, and nightlife. A rare Foreign Freehold unit with full access to top-notch onsite amenities. Features: 28 sq.m | Fully Furnished Foreign Freehold Ownership Car + Motorbike Parking Onsite Dining, Massage, Hair Salon, Laundry & 24H Medical Clinic Walk to Beach, Bangla Rd, Malls, Restaurants & More Perfect for living or earning rental income in Phuket’s most in-demand location! Contact us for more details or to schedule a viewing!
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 Patong Condotel 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.