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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 Proud Condominium you have to follow these steps:
The Classic Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment Upon contract signing 35% 2nd Installment Handover of Unit and ready for Move in 55% 3rd Installment Registration minus Reservation Fee 10% 10% cash discount or Elite Visa for 5 years Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment On handover 100% 5 year payment plan with 10% interest charge of total purchasing price Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment 90 days after contract signing 50% 2nd Installment On handover 50% Long term finacial payment Installment Milestone Payment 1st Installment Upon contract signing 50% Down Payment Divied for 60 month installmemt 40% 2nd Installment On handover 10% 5 year payment plan with 15% interest Charge of Total Purchasing Price Free elite Visa for 5 year peroid Installment Milestone Payment Reservation Deposit Immediately ฿150,000 1st Installment Upon contract signing 50% 2nd Installment On handover 50%
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.
The Proud Condominium is conveniently located just 210 m from 7-Eleven, which can be reached within 3 mins. by foot.
There are many other shops situated in the area of The Proud Condominium, the 3 closest being:
- Tuck beauty's shop is 630 m away (about 8 mins. by foot)
- three ground is 800 m away (about 10 mins. by foot)
- Lotus Rawai is 2.2 km away (an approx. drive of 6 mins.)
The surrounding area, where The Proud Condominium is situated, offers a wide variety of restaurants. See the closest of them below:
- Mirage Restaurant & Cafe is 30 m away (a walk of about 1 min.)
- Raja Palm Restaurant is 40 m away (a walk of about 1 min.)
- Baan Klang Nam is 100 m away (a walk of about 2 mins.)
Rawai Health Promoting Hospital is the nearest health facility, which is 1.9 km away (you can drive there in 4 mins.) from the project, while the closest schools in the proximity of The Proud Condominium are:
- Rebreather Thailand is 390 m away (about 4 mins. by foot)
- Thai Explorers Society is 580 m away (about 7 mins. by foot)
- Blue Label Diving is 770 m away (about 10 mins. by foot)
Phuket International Airport is located 47.8 km from The Proud Condominium and it takes about 1 hour 1 min. by car or taxi (depending on the traffic) to get there.