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Are you looking to make the jump from your familiar 'burbs pad to that life-defining VIP sea-view pad? Look no further! Introducing this spacious, 69-square-meter condo with two bedrooms and two bathrooms, the latest addition to the prestigious VIP Kata Condominium 1 project, located in Karon, Phuket. Built back in December 2018, this property has a real 'just outta the oven' feel, but with that unmistakable salty sea-view breeze. Just imagine getting up every day to floor-to-ceiling windows gracing that never-ending horizon, with a full-on oceanic panorama stretching out as far as the eye can see. True, there's no TV, but who even needs one when you have Nature's greatest seascape on tap outside? This head-turnin' condo is ready to let you live the life of your dreams, if you're prepared to shell out the requisite 8 million Baht (around 116,377 baht per square meter!). Seriously, take the plunge and make the jump now. The VIP Kata Condo 1 awaits your arrival!
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 VIP Kata Condominium 1 you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Within 15 days 30% 2nd Installment WItn in 3 months 70%
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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