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Tranquility Bay Residence is located in arguably the premier location on the island of Koh Chang, situated in the Gulf of Thailand.
Koh Chang whilst the second largest Island in Thailand after the more famous island of Phuket, is currently undergoing quite rapid development, but has a long way to go before it reaches a state of maturity.
With only 20% percent of the island being made available for development, almost all the beach land has been sold and has either been developed or is under development or planning permissions.
The Island continues to enjoy strong increases in tourist numbers each year and is widely regarded as the Jewel in the crown of Thailand.
Tranquility Bay Residence was built on the concept of providing a luxurious alternative to those individuals and investors who had grown tired of the more built up and tourist developments in areas such as Pattaya, Phuket and Koh Samui, and after extensive research with the Scandinavian market, Ultimate Property Group, eventually found and bought the prime location land on Koh Chang.
Tranquility Bay has become a recognized brand on the Island, and is regularly featured in the local magazines and other media.Tranquility Bay has recruited Sales Agents in many countries and has provided each with excellent point of sales material.
Our target market remains the same, and that is medium to high income individuals who have experienced Thailand previously, between the ages of 40 and 65 and most often retired.
Our sales have primarily been made to the Scandinavian market, who have discovered the joy of Thailand and the idyllic lifestyle of Koh Chang.
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 Tranquility Bay 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.