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Developer For sale: 2-bedroom condominium at SO Origin Bangtao Beach, one of Phuket’s most popular residential and investment areas.
Unit A501, Building A
• 5th floor
• 2 bedrooms
• 2 bathrooms
• 51.20 sq.m.
• Layout: 2BR1-02
The apartment offers an efficient 2-bedroom layout with an open-plan living and dining area, two bathrooms and a balcony.
SO Origin Bangtao Beach is a modern low-rise condominium project in Cherngtalay, close to the Bang Tao area. The project features a swimming pool, fitness room, co-working space, landscaped gardens and a Sky Lounge on the 8th floor of Building A.
A strong option both for personal use in Phuket and as an investment property in one of the island’s most desirable locations.
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%.
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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, you have to follow these steps:
Untitle Installment Milestone Payment Reservation Deposit Immediately $4,270 AUD 1st Installment Contract Payment: Pay after booking date 14 days 30% 2nd Installment Down Payment: Pay after booking dates 30 days 20% 3rd 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.