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The Title Halo Condominium – is located along the tranquil shores of Nayang Beach, about 300 meters from the sea, next to Sirinat National Park with stunning scenery. Surrounded by beautiful nature and a white sand beach, this place is considered ideal for living and for investment in the form of a “Tourist Condominium”. Another advantage of buying The Title Halo condominium is that of Phuket International Airport just 5 minutes away. Each project building bears the name of the planets of our solar system: Moon, Mars, Jupiter, Saturn, Venus, Mercury and Sun. The complex has 3 swimming pools, a water slide, a fitness room and a hammam. Beautiful landscaping with many recreation and relaxation areas. Car parking and security 24/7 with video surveillance. It is important that a management company will be formed on the territory of the condominium, which will provide maintenance and resolve current issues with the apartments owners: for example, installing the Internet, repair work, providing additional services for installing curtains, mosquito nets, and so on.
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, you have to follow these steps:
Installment Milestone Payment Reservation Deposit Immediately ฿100,000 1st Installment Upon contract signing 25% 2nd Installment starting of construction and foundation works 25% 3rd Installment starting of construction and foundation works 25% 4th Installment after deduction of booking paid before transfer of ownership date 25%
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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