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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 The Lago 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.
The Lago Condominium is conveniently located just 430 m from 7 eleven, which can be reached within 5 mins. by foot.
There are many other shops situated in the area of The Lago Condominium, the 3 closest being:
- Family Mart is 920 m away (about 11 mins. by foot)
- 7-eleven is 1.3 km away (an approx. drive of 2 mins.)
- 7-Eleven is 1.7 km away (an approx. drive of 3 mins.)
The surrounding area, where The Lago Condominium is situated, offers a wide variety of restaurants. See the closest of them below:
- At Home - The Bakery is 20 m away (a walk of about 1 min.)
- Da Renata Italiano Restaurants is 20 m away (a walk of about 1 min.)
- At Us Co., Ltd. is 40 m away (a walk of about 1 min.)
Rawai Health Promoting Hospital is the nearest health facility, which is 3.8 km away (you can drive there in 7 mins.) from the project, while the closest schools in the proximity of The Lago Condominium are:
- Tommy's Divecenter Phuket is 710 m away (about 8 mins. by foot)
- Amazing Phuket Adventures is 830 m away (about 10 mins. by foot)
- Non-formal education, Rawai Sub-district is 840 m away (about 10 mins. by foot)
Phuket International Airport is located 47.5 km from The Lago Condominium and it takes about 1 hour 7 mins. by car or taxi (depending on the traffic) to get there.