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A unique offer in a newly built 5-story Rawai residential complex in the south of Phuket with a secure closed area and its own infrastructure. The only studio for sale in this complex. The total number of apartments in the complex is 80, of which only 20 are such compact studios (all sold at the start of sales). A free bus to the beach and back will run from the complex. Rawai Beach is 500 meters, Yanuy Beach is 850 meters. Also in about 10 minutes you can reach the popular Nai Harn Beach. All the necessary infrastructure within walking distance from the complex: shops, restaurants, massage parlors, etc .; nearby is a Thai boxing training camp. If you wish, you can use the guaranteed income program from the developer - 7% per annum up to 3 years. In addition to using the apartment for your own residence, it is also possible to transfer to trust with a yield of about 10% per annum. Interest-free installments are provided until the end of construction - September 2020.
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 Rawai Beach Condominium 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.