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Developer For sale: studio apartment on Phuket Island, Thailand, located in the Surin area (1 km to Surin Beach). The apartment is situated in the Mida Grande Resort Phuket, a large residential complex combined with a 5-star hotel, consisting of multi-storey buildings and villas with several swimming pools. The complex features all the infrastructure expected from a high-quality hotel: gym, saunas, café, restaurant, bars, co-working space, kids’ room, parking, security, and reception. The rooftop of the tallest building is fully accessible and features another swimming pool, a sunbathing area, and a lounge zone with chairs and tables. From there, you can enjoy impressive views of Surin and Bang Tao! The apartment has a total area of 44 sq.m. It’s not a standart studio in Mida Grande which has just 36 sq. m. Located on the 2nd floor of Building A (also referred to as Building 1). The layout includes an entrance hall, kitchen, living area, bedroom, bathroom, and balcony. Each room is compact but thoughtfully designed and comfortable for 1-2 people. The bedroom can be separated from the living area by sliding glass partitions. The apartment is fully furnished and equipped with all necessary appliances. It is in a very good condition. The windows offer a view in the direction of the sea (a small part of the sea is visible). On this side of the Mida complex, there are no construction sites or mosques, so the apartment is quiet. Ownership type: Leasehold.
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 at Mida Grande Resort Condominiums you have to follow these steps:
Condos Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment 21 days after contract signing 100% Villas Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 30% 2nd Installment Registration Villa 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.