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Renovated Studio | 54 sqm | Prime Patong Location
Fully renovated studio – 54 sqm
Premium Patong location
15-minute walk to the beach
20 minutes to Patong Center
Close to everything, yet peaceful & quiet
Excellent facilities:
Large swimming pool
Gym
Lobby & reception
On-site management office
elevators
Ownership options:
Option 1: Direct Property Sale (Asset Sale, Thai Freehold) at THB 3,190,000. Land Office taxes and transfer fees 50/50 Seller - Buyer
Option 2: Thai company sale (shares & director change) price 2,950,000 THB
Great value in a top location — move-in or rental ready
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 Phuket Palace 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.